Mumbai, Maharashtra, India, June 2026 — Ajay Rajan has taken on additional leadership responsibilities as Co-Chair of the Fintech Convergence Council and Chair of the RegTech Committee of the Council. In these roles, he will help shape industry collaboration, regulatory technology initiatives and the future direction of India’s fintech ecosystem while working closely with policymakers, regulators and industry stakeholders.
These appointments come alongside his current role as Managing Director & Chief Executive Officer of Protean eGov Technologies, where he has been leading the organization’s strategic growth and digital public infrastructure initiatives since mid-2026.
Prior to joining Protean eGov Technologies, Ajay built an outstanding career of nearly nine years with YES BANK, progressing through several strategic leadership positions across transaction banking, digital banking, government business and corporate banking. Most recently, he served as Country Head – Transaction Banking, Government, MNC & New Economy Business, IFSC Branch & Knowledge Units, where he led business relationships, transaction banking products, digital banking strategy, fintech partnerships, public digital infrastructure initiatives and knowledge banking functions while representing the bank at key regulatory and industry forums.
During his tenure at YES BANK, Ajay also held leadership roles including Country Head – Government, MNC & International Business, Transaction Banking & Knowledge Units, Head of Digital & Transaction Banking, Head of Transaction Banking & Supply Chain Business, and Group President – Global Head of Transaction Banking Group, playing a pivotal role in strengthening the bank’s digital banking capabilities, transaction banking business and fintech ecosystem partnerships.
Alongside his banking leadership responsibilities, Ajay also served for more than three years as a Board Member of IBBIC (Indian Bank Blockchain Infrastructure Company), contributing to industry-wide blockchain-led financial innovation. He was also previously a Member – Digital Lending Committee of the Fintech Convergence Council before assuming his current leadership responsibilities.
Earlier in his career, Ajay spent more than 21 years with Deutsche Bank, where he held several senior leadership roles across global transaction banking, trade finance, cash management and fintech. His final assignment with the bank was as Global Head of Fintech, leading global fintech strategy and innovation initiatives while working across international markets.
About Fintech Convergence Council
Fintech Convergence Council (FCC), formed under the Internet and Mobile Association of India (IAMAI), is India’s leading industry platform representing regulated financial institutions, fintech companies and digital financial services stakeholders.
Established to promote collaboration across the financial services ecosystem, the Council works closely with regulators and government bodies including the Reserve Bank of India, the Ministry of Finance, the Insurance Regulatory and Development Authority of India and the Securities and Exchange Board of India. FCC plays an important role in shaping industry policies, encouraging innovation and supporting the responsible growth of India’s fintech sector.
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