Mumbai, 13th August 2018
InstaReM, Southeast Asia’s leading cross-border payments company, has announced the appointment of veteran technologist Nilesh Pathak as its Chief Technology Officer (CTO).
As CTO, Nilesh will lead InstaReM’s 40+ strong technology team, divided between India and Lithuania, driving the firm’s technology strategy, architecture, development as well as infrastructure & development operations.
Nilesh joins InstaReM from JP Morgan Chase & Co., where he headed the 200+ strong Regulatory Technology Group for 4 years.
Prior to JP Morgan, Nilesh had been one of the co-founders of Visualize Technologies (now LBi India), where he was responsible for growing the digital marketing firm from a single-digit team to a 100+ strong organisation. Nilesh has also worked with organisations like Isobar, Rave Technologies and the Centre for Development of Advanced Computing in various capacities, adding up to more than 20 years’ of experience in building high-quality software.
Says Prajit Nanu, Co-founder and CEO of InstaReM Says “With its core FX technology capabilities and strong banking partnerships globally, InstaReM has strongly established its presence as a digital cross-border money transfer fintech of choice in Southeast Asia. Technology is central to our business and we were looking for someone with deep understanding of financial transactions, technology and global regulatory environment. With his strong credentials, I am confident Nilesh will successfully drive InstaReM’s technology capabilities to the next level.”
Says Nilesh, “I am quite excited about my new role at InstaReM, a fintech start-up that is disrupting the cross-border money transfer business with its innovative business model. With my extensive experience, I am looking forward to strengthening InstaReM’s technology back-end for a frictionless cross-border money transfer experience to individuals as well as corporates and SMEs.”
Singapore-headquartered InstaReM was set up in 2014 with a dream of being a global player for consumer remittances and to enable FI’s low-value ACH clearing through a single API. Today, it is the only digital remittance Fintech from Asia with a global presence. By end of 2018, InstaReM will be active in 8 markets in Asia-Pacific and 3 in the West. The company prides itself in institutional clients from Australia to Brazil, cracking complex markets to pay-in and payout. It is a de-facto connecting point for the Western institutions looking for fast, secure and cost-efficient payouts in Southeast Asia. The company’s razor-sharp focus on real-time payments differentiates it from its peers.