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KFin Technologies Appoints Muralidharan Sivaramakrishnan as Senior VP

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  Published in Business and Finance on Friday, September 12th 2025 at 2:45 GMT by moneycontrol.com
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Kfin Technologies Announces New Senior Vice‑President, Muralidharan Sivaramakrishnan, to Lead Its “Alpha” Division

Kfin Technologies, the rapidly‑growing fintech platform that powers digital payments and banking solutions across India and beyond, has unveiled a key executive appointment that signals its ambition to deepen product innovation and accelerate market reach. On Monday, the company announced that Muralidharan Sivaramakrishnan, a seasoned banking executive with more than two decades of experience in risk, operations and product development, will join Kfin as Senior Vice‑President of its “Alpha” business unit.

The move comes at a pivotal juncture for Kfin, which has recently secured fresh capital from a mix of institutional investors, announced a strategic partnership with a leading private‑sector bank, and expanded its customer base to over 500 enterprises. By bringing in a leader with a proven track record in scaling financial technology solutions, Kfin aims to strengthen its Alpha portfolio—an umbrella that encompasses its flagship digital‑wallet, merchant‑payment gateway and embedded‑finance offerings.

Who is Muralidharan Sivaramakrishnan?

Muralidharan, often called “Murali” by colleagues, holds a master’s degree in Business Administration from the University of Chicago Booth School of Business, along with an undergraduate degree in electrical engineering from the Indian Institute of Technology (IIT) Kanpur. Prior to joining Kfin, he spent 14 years at the State Bank of India (SBI), where he rose to the role of Head of Credit Risk Analytics for the wholesale banking division. In that capacity, Murali was responsible for developing risk‑assessment models that improved the bank’s loss‑given‑default metrics by 12% and led to a 30% reduction in non‑performing assets over a five‑year period.

After a brief stint at the consulting giant McKinsey & Co.—where he advised fintech start‑ups on regulatory compliance—Murali moved into product strategy roles at several high‑growth digital‑banking ventures. His most recent position was as Chief Operating Officer at a Singapore‑based fintech that specialized in cross‑border remittances, where he oversaw operations in 20+ countries and helped the company reach a $50 million annual revenue milestone.

“I am excited to bring my experience in risk, product and operations to Kfin’s Alpha division,” Murali said in a statement. “The team here is incredibly talented and we share a common vision of democratizing access to financial services through technology.”

The Alpha Business Unit and Its Strategic Significance

Kfin’s Alpha unit represents the company’s core product suite, designed to provide integrated banking‑as‑a‑service (BaaS) solutions to mid‑market and enterprise customers. Under the Alpha umbrella, Kfin offers:

• Digital Wallets – A secure, API‑driven wallet platform that can be embedded within e‑commerce sites, ride‑share apps, and even retail POS systems.
• Merchant‑Payment Gateway – A cloud‑native gateway that supports multiple payment modes (card, UPI, net‑banking, and open‑banking) with real‑time fraud detection.
• Embedded Finance APIs – A suite of APIs that allow partners to embed Kfin’s credit, debit and investment products into their own user experiences.

The unit’s expansion is critical to Kfin’s broader strategy. The company has recently announced a partnership with a private‑sector bank that will use Kfin’s Alpha APIs to launch a new digital‑only credit card for SMBs. In addition, Kfin plans to launch a “White‑Label” version of its wallet for consumer‑facing enterprises—an initiative that could generate significant recurring revenue.

By appointing Murali as Senior VP, Kfin signals its intent to consolidate leadership across risk, product and operations, ensuring that its Alpha offerings remain compliant, scalable and customer‑centric. “With Murali’s expertise in risk analytics and product design, we are confident that Alpha will set new industry benchmarks for security and user experience,” said Kfin CEO, Venkatesh Reddy.

Industry Context: Fintech’s Rapid Evolution

The fintech landscape in India has experienced unprecedented growth over the last five years, with digital‑payment volume exceeding $200 billion and a projected compound annual growth rate (CAGR) of 17% for fintech services. Kfin, founded in 2016, has positioned itself as a “platform‑first” solution provider, focusing on modularity and open‑API ecosystems that enable businesses to integrate banking services without building from scratch.

The appointment of Murali—a veteran of the traditional banking sector—reflects a broader trend in which fintech firms are increasingly looking to bridge the gap between legacy banking expertise and agile technology delivery. “In an era where customers demand frictionless banking experiences, leaders who understand both the regulatory nuances of banking and the rapid iteration required in tech are invaluable,” commented Dr. Meera Gupta, a fintech analyst at BloombergNEF.

Looking Ahead: What Murali Brings to the Table

Murali’s track record suggests a keen ability to align risk management frameworks with innovative product development—a combination that Kfin has identified as crucial for scaling its Alpha platform. His experience in cross‑border remittance and embedded finance positions him well to spearhead international expansion plans. Kfin has already flagged intentions to launch its Alpha suite in Southeast Asia and the Middle East, regions where regulatory sandboxes are becoming increasingly favorable to fintech entrants.

The senior executive will also be tasked with overseeing the integration of Kfin’s recently acquired data‑analytics subsidiary, which provides real‑time customer‑segmentation insights. “Our goal is to embed data‑driven decision making into every customer touchpoint,” Murali added. “By fusing Kfin’s tech stack with advanced analytics, we can deliver personalized financial products that meet diverse consumer needs.”

Final Thoughts

Kfin Technologies’ appointment of Muralidharan Sivaramakrishnan as Senior Vice‑President of its Alpha division marks a strategic milestone that underscores the company’s commitment to marrying robust risk frameworks with cutting‑edge technology. With an industry that is fast evolving toward integrated, API‑centric banking solutions, Kfin’s move to bring a seasoned banking professional into its leadership ranks could very well position the company at the forefront of the next wave of fintech innovation. As Kfin continues to expand its footprint in India and overseas, the Alpha unit—now steered by Murali’s expertise—promises to deliver secure, scalable, and customer‑centric financial services that meet the demands of an increasingly digital economy.