Matt Allan
Head of Engineering
One of the UK’s fastest growing fintechs, NayaOne, has announced Karan Jain as their Chief Executive Officer, as the company prepares to double its staff, and release two new products to transform how banks deliver products to market.
Karan has joined to lead the technology company. He is a multi-disciplinary CxO with expertise in delivering products to market, strategy, building complex enterprise grade platforms, developing and leading high performing teams. His experience from both financial institutions, and from the start-up trenches will help expand the operation, and execute on NayaOne’s ambitious investment and commercial goals.
NayaOne is here to change what collaboration means in the finance and fintech industries. We are at the forefront of transformation.
NayaOne’s platform enables financial institutions, fintechs, regulators and industry bodies to collaborate with a pre-vetted fintech marketplace, and make use of a wide-range of synthetic public and private datasets in a secure environment.
Having previously launched and successfully exited two businesses, an in-depth understanding of the financial services and tech ecosystems, will be invaluable to NayaOne’s mission and foster collaboration within the Financial Services sector.
In this role, Karan will be leading across all facets of the business, aligning the team on strategy and execution and taking on investment and commercial responsibilities as the business grows.
Karan Jain joins Matt Allan, now Head of Engineering of NayaOne – multi award-winning service. The appointment comes at a time of growth and opportunity for NayaOne.
The Covid-19 pandemic has triggered further digitisation in the financial sector, mainly through partnerships. A PwC global study from 2020 showed that 75% of banks are investing in developing a more customer-focused business model by collaborating with fintechs.
The momentum in the market to create solutions that will effectively service the majority of society is at an all time high. We see solutions coming out every day from both financial institutions and fintechs, however, we are yet to see a collaboration between the both that has changed the financial lives of millions of people in the UK and beyond.
Fintech Sandpit has grown a lot over the past year in particular as we add capability. Two big developments on the product side are the addition of our ‘Digital Twin’, a statistically accurate synthetic replica of the financial ecosystem, and our ‘Fintech-as-a-Service’ offering, providing a path to production with partners, as a managed service.
