News: Embedded Finance Startup Falcon appoints ex-banker Chinmaya Desai as CBO


Embedded Finance Startup Falcon appoints ex-banker Chinmaya Desai as CBO

With an aim of achieving $30 billion in total payments value, the global embedded finance platform has roped in former banker and ex FIS leader to bolster the startup’s capabilities. Chinmaya will be responsible for the company's overall business growth besides driving partnerships across domestic and international markets.
Embedded Finance Startup Falcon appoints ex-banker Chinmaya Desai as CBO

Embedded Finance Startup Falcon has announced the appointment of Chinmaya Desai as its Chief Business Officer. In this critical role, he will be responsible for leading sales, business development and increasing the company’s strategic presence across the Asia Pacific, Middle East and Africa (APMEA) region.

Prior to joining Falcon, Chinmaya worked as the Director of Strategy, International Payments at FIS Global. During his tenure, Chinmaya led numerous initiatives and partnerships for Prepaid & Credit Program Management, Digital Device Innovation, and Fraud Risk Management across APMEA markets, with a focus on long-term growth and bottom-line revenues.

Chinmaya holds an expansive career of over 16 years across transaction banking and digital payments. As one of the core founding members of the Banking-as-a-Service business at RBL Bank, Chinmaya turned the Cards and API Banking division into a revenue center and led key fintech startup partnerships for the bank from inception, many of which are “industry-first” models. 

Falcon Co-founder Prabhtej Bhatia said, “Chinmaya brings a rich experience of the payment processing domain and has led several projects from the ground up. He is the perfect person to establish Falcon as the de facto embedded finance platform for the APMEA region.”

The newly appointed CBO, Chinmaya said, “Embedded Finance is a very exciting space brewing in the industry. In days to come it will be the preferred go-to-market strategy for every kind of business that wants to be extremely agile in offering fintech solutions to match their customers’ needs.”

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Topics: C-Suite, Recruitment, Appointments

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