December 2, Bengaluru: actyv.ai, a category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has appointed two more advisors – R A Sankara Narayanan and Dr Ravi Duvvuru to advise the company on organisation building as well as ensure a strong regulatory and compliance foundation.
R A Sankara Narayanan was the Managing Director and Chief Executive Officer at Canara Bank, the third largest public sector bank in India. Prior to this, he was the MD and CEO of Vijaya Bank. During his tenure as Executive Director of Bank of India, he oversaw various segments of banking including treasury, International Banking, corporate credit, recovery, risk management, compliance, amongst others. He is currently an Independent Director at South Indian Bank, Centrum Capital Ltd and Centrum Broking Ltd. He’s also a FTAC Member of KIFFB.
With over 40 years of experience, Dr Ravi Duvvuru, Founder and Designated Director of Duvvuru and Reddy, LLP, comes with a deep understanding of Regulations, Compliance and Governance domains in the finacial sector. In his last role, Ravi was the President and Chief Compliance and Human Resources Officer for Jana Small Finance Bank. Prior to this, he was the Regional Head for Compliance for ASEAN & South Asia for Standard Chartered Bank and was based out of Singapore. Previously, Ravi was the Group Head of Compliance & Public Affairs for Kotak Mahindra Bank and Head, Compliance & Service Quality at HDFC Bank. He started his career with the Reserve Bank of India and worked in Supervision, Regulatory, Foreign Exchange Management and Human Resources functions. Ravi was an integral member of various committees of the central banks and industry bodies in the ASEAN and South Asia. He has an Honorary Doctorate in Regulatory Compliance & Corporate Governance in the financial sector, Masters in Economics and is a Certified Associate of the Indian Institute of Bankers. He has also done an Leadership Development Program from Oxford University, UK.
“We are very happy to welcome two new advisors, R A Sankara Narayanan and Dr Ravi Duvvuru. Both of them have been entrenched in the banking ecosystem with demonstrated experience in organisation building and compliance. Globally, the compliance and regulatory ecosystems are highly dynamic and complex. As actyv.ai accelerates towards superlative growth, both these accomplished industry stalwarts will play a critical role in laying the foundation and ensuring compliance with law”, said Raghunath Subramanian, Founder and Global CEO, actyv.ai.
Commenting on this association, R A Sankara Narayanan said, “actyv.ai is a category creator in the enterprise SaaS with embedded B2B BNPL and insurance space. With my understanding in the functioning of large enterprises and banking industry, I strongly believe in the vision of actyv.ai to bring about the much-needed transformation and engagement in the supply chain ecosystem leading to growth”.
Speaking about this, Dr Ravi Duvvuru said “actyv.ai is transforming the global B2B supply chain by making business transactions faster and easier through their technology-driven embedded offerings (BNPL, insurance and finance) platform. Strong compliance increases the efficiency and effectiveness of product offerings. At this crucial stage of global expansion of actyv.ai, I am happy to contribute in further strengthening the company’s Compliance and Governance framework”.
This follows the company’s recent announcement of onboarding its first two advisors – Balasubramanian Chandrasekaran and Tara Subramaniam.
About actyv.ai
actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay Later (BNPL) and insurance, transforming the global B2B supply chain by making business transactions faster and easier. Through its partnerships with financial institutions, actyv.ai enables enterprises, suppliers, distributors and retailers to grow. actyv Go, actyv Score, actyv PayLater, actyv Insure, actyv Invest and actyv Discover are the various product categories on the platform. For more information, please visit: https://actyv.ai/
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