CRED, the most rewarding payments platform for the affluent, today announced the appointment of Arvind Kathpalia as advisor on risk and compliance. With over three decades of experience in financial services and governance, Arvind will be a critical player in cementing the commitment of CRED towards enabling financial progress for its members.

Arvind has held various senior positions in ANZ Grindlays in Australia and India where he led some of the transformational projects and sharpened his expertise in consumer banking, operations, and technology. In Kotak Mahindra Bank, he was the President and also the Group Chief Risk Officer. He strongly contributes towards the building of resilient risk management systems for the bank and had guided them through critical growth phases.

As the fintech sector continues to push the boundaries towards merging finance with technology, management of systemic risk remains an important growth and stability pillar for the long term. Arvind’s leadership will enable CRED to expand its offerings while staying committed to delivering a trusted experience for its members.

By rewarding financial prudence, CRED’s mission is bold and very timely. As the ecosystem becomes more interconnected and complex, I look forward to working with a team that is committed to enabling financial progress for the creditworthy and building for the long term,” said Arvind Kathpalia.

Founder of CRED, Kunal Shah: “At CRED, the principle that it pays to be good extends far beyond our members; it guides every decision we make. Arvind’s track record of building financial products Indians trust in their millions inspires. His experience with risk management and compliance will be instrumental while continuing to build CRED into a trusted institution. I’m excited to learn from him as we work towards this vision.”