Traydstream Eyes Blockchain, Names Jayan Menon Head Of India Opsbr>
London Fintech firm Traydstream has named Jayan Menon as Country Head for India, charged with leading the company into new tech areas like blockchain.
Traydstream’s recently incorporated India entity (Traydstream Pvt Limited) is a fully-owned subsidiary of the UK company, designed to knit together Traydstream’s capabilities across technology, trade and client servicing.
As such, Menon will lead the build-out of a team focused on expansion of the company’s technology platform. Menon will work closely with the firm’s vendors in India and Ukraine. Traydstream’s Mumbai hub will act as the company’s first global servicing hub and will work closely with the central business, with Menon having business and administrative responsibilities. He will be a Director of the Indian operation and will form part of the wider management of Traydstream.
Menon is a commerce graduate and a Chartered Accountant. He has over 25 years’ experience in the banking industry, particularly in Trade Services and Treasury. He has worked with ICICI Bank, the largest private sector bank in India, as well as YES Bank. His last assignment was with TATA Consultancy Services where he headed the Trade Operations of a large global bank. He was also CEO of the Fixed Income Money Market and Derivative Association of India, and is associated with the Trade Services Advisory Group of SWIFT, Foreign Exchange Dealers’ Association of India and the Indian Banks’ Association.
“Banking as an industry is undergoing a huge transformation, further accelerated by the competition from Fintech companies and with newer technologies like blockchain, artificial intelligence and robotics,” said Menon. “Trade services is an area that continues to remain largely document intensive thereby increasing the cost to banks and the prices to customers. Traydstream is in the process of transforming Trade services through, inter alia, digitisation, machine learning and developments in blockchain. The application of the functional knowledge in trade to transform the trade services in banks with the latest technology applications is what excited me to join this fantastic team.”