Nium Names Finix Exec Ramana Satyavarapu as CTO

Global money movement platform Nium has a new CTO in Ramana Satyavarapu, who has experience working with Microsoft, Google, Uber and more, a press release said.

According to Prajit Nanu, CEO and co-founder, Satyavarapu’s responsibilities will include managing the company’s core tech strategy and ways to grow revenue, along with organizing big technical decisions for Nium.

“Ramana is an industry visionary with the ideal mix of finance, technology, and engineering expertise to propel Nium to the next level,” said Nanu. “His deep knowledge of platform design and implementation will fuel our growth aspirations as we look to offer even more solutions to more parts of the world.”

Before joining Nium, Satyavarapu was working with Finix as CTO, leading engineering, product and technical support.

Satyavarapu said he had “watched Nium for a while” as the fintech landscape was evolving. He said he was excited about the way the company wanted to “redefine money movement” for the current time.

“Nium has built one of the most respected platforms for global payments and I look forward to making my mark on its future as we continue on this growth journey.”

Nium has made some other changes to its business model as of late, having worked with the Stellar Development Foundation (SDF) to offer more payment capabilities.

See also: Blockchain Stellar and Payments Platform Nium Team on Payouts in 190 Countries

PYMNTS wrote that this will help 190 countries access more payments.

SDF supports Stellar, an open-source blockchain built for quick payments, and which helps cross-border payouts and removes some risks. Businesses will be able to facilitate fiat payouts to the countries.

According to the companies, Nium’s API connection will allow Stellar to conform to interoperability standards and give clients on the Stellar network ways to scale payment services.

Nium also offers real-time payments, with businesses not required to build their own infrastructure. Now they’ll be able to build a brand on top of an existing platform, with Nium providing regulatory help alongside that.