New Delhi: FincFriends, the non-banking financial company (NBFC) behind the RupeeRedee brand, has appointed Ajit Singh as its Chief Risk Officer (CRO).
In his new role at FincFriends, Singh will oversee credit risk, operational risk and fraud risk. He will work closely with the company's business and technology teams to strengthen and update risk controls as the business expands. His experience in AI-driven risk tools and advanced analytics will also contribute to the company's approach to credit decisions and portfolio management.
Artem Andreev[/caption] Artem Andreev, CEO, FincFriends, said, "Ajit brings exactly the kind of experience we need at this point in our growth.He has spent over two decades building and managing risk functions at organisations that operate at real scale, and he understands the practical challenges that come with lending at volume. Risk management is not just a compliance function for us, it is what allows the business to grow with confidence. We are very glad to have him leading that effort."Ajit Singh said, "FincFriends is at an interesting stage in its journey, and I am genuinely looking forward to being part of what comes next. The foundation is already strong, and there is a clear intent to do things the right way. My focus will be on making sure our risk frameworks are sharp, our credit decisions are data-driven, and our controls keep pace as the business grows. When risk works well, it does not slow a company down. It gives it room to move faster with confidence." The appointment is part of FincFriends' broader efforts to strengthen its leadership team as it expands its presence in India's digital lending market.