EbixCash Private Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced the appointment of Uma Shankar, as a new independent director to the EbixCash Board.

Shankar is a career banker, having retired as Executive Director at Reserve Bank of India (RBI), after serving RBI for 37 years. She is well versed in financial regulation, cyber security and data analytics. and  has served as the Co- Chair of the committees relating to Financial Regulation and as a member of the Audit and Supervision groups of several International financial bodies.

Presently, she is serving as an Independent Director on the Boards of Karnataka Bank as well as IDBI Capital Markets and Securities Ltd. Uma brings a vast repertoire of experience across banking supervision, currency management, urban bank regulation, cyber security and administration etc.,in addition to more than two decades of board level experience in Government and Quasi-Government organisations.
 
During her 37-year employment with RBI, Uma was nominated as an RBI Board representative on a number of reputed financial institutions - Canara Bank, Corporation Bank, UCO Bank, Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL), Security Printing and Minting Corporation of India Ltd.(SPMCIL) and ECGC Ltd.

Uma Shankar said, “EbixCash has emerged as a strong player in the financial sector both on the B2C and B2B side – be it payment solutions, pre-paid cards, remittance, foreign exchange, bill payments, AEPS etc. on the B2C side and then technology-based services like lending, wealth & asset management, insurance etc. for banks and financial institutions. Having spent my entire career in the financial industry, I am well versed with the banking and BFSI industry, besides having a deep understanding of its various associated aspects like technology trends, cyber security, currency management, regulations and administration. I am delighted to join the board of EbixCash and to be able to humbly contribute to the EbixCash efforts to bring increased digitization to the financial industry worldwide.”

Robin Raina, Chairman of the Board, EbixCash said, “Uma brings a deep blend of regulatory, administration, technology, strategic, and corporate governance experience across the banking and financial sector to the Board. She is seen as a leading luminary in the field of financial regulation, cyber security, data analytics and digital currency globally – all fields relevant to EbixCash as we embark on our global journey. We are excited to have her on the EbixCash Board.”