Saumil Mody

Saumil Mody Email and Phone Number

Head - Digital Partnerships & Projects and Implementation, Transaction Banking, IDFC FIRST Bank @ IDFC FIRST Bank
Saumil Mody's Location
Mumbai, Maharashtra, India, India
Saumil Mody's Contact Details

Saumil Mody personal email

n/a
About Saumil Mody

Head - Digital Partnerships, Initiatives and Implementation1. Spearheading digital transformation journey for Cash Management and Payments for Corporate and Institutional Clients2. Forging strategic fintech partnerships to carve out differentiated corporate solutions3. Design corporate and customer journeys covering B2B and B2C perspective4. Designing the Common Corporate Experience framework with omni channel strategy5. Leading pan India Client Implementation for all cash management and channel deals6. Blueprint for digital partnerships to cater to differentiated use cases within Corporate Payments, FX and Digital Escrow solutionsSales Team Lead -NBFCs & Financial Institutions, Fintech Alliances, Transaction Banking Group1. Transaction Banking and Payments solutions for Financial Institutions, NBFCs, MFI, MF, Insurance , Brokers2. Stitching fintech alliances in Payments, digital lending and platformification space3. Leading, coaching and managing team of sales managers with focus on structured solutioning4. Strategizing the P&L management and sales approach for the segment 5. Coordinating with coverage for cross sell and upsell of TBG solutionsSenior Product and Digital Solution Manager TBG1. Privilege of Founding member team for TBG2. Launch of Cash Management and Corporate Channels for the bank 3. Lead solution Architect for Digital engagement for TBG initiatives4. Responsible for structuring solutions for key large corporate and commercial banking deals5. Hold key role for Digital Acquisition and Conceptualizing the Market Place for B2B6. Managing the Fintech alliances based on key digital railroads for customersSenior Product and RM– Cash Management & Channels, FRB India1. Design, roll out and implementation of Cash Management solutions for FRB India2.Liabilities offering for CMB businessAVP, GTB DBS Bank India1. Product commercialization, P&L management and Payments roll outs2. Sales strategy design and sales management process4. Structured solutioning for large corporate clients via automationReceivables Product Manager at HSBC Product Manager in the Receiveables space handling new roll outs P&L management and commercialization of key productsStrategic partnerships with partner banks Project Manager (Citibank)Business Analyst in Cash domain , Customer Service & Clearing businesses.Process Redesign, Product design & deployment and project managementSpecialties: Corporate Digital InitiativesStrategic Sales ManagementP&L and Product managementProcess Reengineering

Saumil Mody's Current Company Details
IDFC FIRST Bank

Idfc First Bank

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Head - Digital Partnerships & Projects and Implementation, Transaction Banking, IDFC FIRST Bank
Saumil Mody Work Experience Details
  • Idfc First Bank
    Head - Digital Partnerships, Initiatives And Implementation Transaction Banking Group
    Idfc First Bank Aug 2021 - Present
    Mumbai, Maharashtra, In
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  • Idfc First Bank
    Sales Lead Transaction Banking, Nbfc, Financial Institutions & Fintech Alliances
    Idfc First Bank Aug 2018 - Present
    Mumbai, Maharashtra, In
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  • Idfc First Bank
    Team Lead Transaction Banking Sales Financial Institutions And Nbfcs
    Idfc First Bank Aug 2018 - Present
    Mumbai, Maharashtra, In
    Managing Transaction banking solutions for Insurance, Mutual Funds, International Banks, Broking and NBFC clients.
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  • Idfc First Bank
    Senior Vice President
    Idfc First Bank Nov 2014 - Aug 2018
    Mumbai, Maharashtra, In
    Payments and Digital Initiatives, Transaction Banking Group,Commercial & Wholesale Banking
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  • First Rand Bank India
    Head Cash Management & Liability Products
    First Rand Bank India Oct 2013 - Oct 2014
    Transaction banking specialist with focus on liabilities, design and launch of Cash Management function in the Commercial, Business Banking and SME space.Cross Sell of Cash Management capabilities to existing asset clients for cash flows Developing new solutions for client acquisition strategy
  • Dbs Bank
    Assistant Vice President, Product Management
    Dbs Bank Feb 2013 - Oct 2013
    Singapore, Sg
    Managing Product functions for Cash Management at DBS Bank India wherein I am responsible for rolling out new initiatives on Receivables and Payments and also to manage profitability for all products. Driving commercialization and increasing utilization for online corporate internet banking for GTS India. I also manage product commercilaization, P&L Management and process set ups within cash management
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  • Global Transaction Banking
    Product Manager
    Global Transaction Banking Sep 2010 - Jan 2013
    Key Responsibilities 1. Managing P&L and revenue for flagship Receivables and Payments products2. Coordinating with Sales and Corporate Banking RMs for Cash deals and designing solutions for closure of the deals3. Charting commercialization plans for existing Receivables and Payments products and conducting Sales training for execution of business strategy 4. Designing new product roll outs and working with all internal stakeholders for smooth execution of the plans Key Achievements 1. Designed MICR based printing solution for Corporates currently being executed2. Launched and rolled out Speed Clearing offering for Upcountry Cheque Collections3. Designed e-Tax offering via the online banking platform as a STP solution for corporates4. Instrumental in launch and commercialization of real time advising solution for electronic transactions5. Cost reduction initiatives resulting in annualized saves of USD 150,0006. Designed and launched dynamic Virtual Accounts offering integrated with an automated reconciliation solution for large corporates
  • Hsbc India Ltd
    Associate Vice President -Product Management
    Hsbc India Ltd Aug 2008 - Aug 2010
    Key Responsibilities Identifying new product development / enhancement opportunities resulting from change in the environment and customer requirements and drive these initiatives.Managing flagship project relating to Receivables productsCommercialisation of new / existing receivables products.Participating in sales process for key business and coordinate with sales team for execution of overall business plan.Regular business monitoring for key products and taking initiatives along with stakeholders to drive the revenue Key Achievements Implemented and designed dynamic E-Receivables solution with a business opportunity of USD 500,000Successfully launched and effectively implemented Speed Clearing offering for top corporate banking customers with huge business value potentialSuccessfully launched the E-collections reconciliation product.Instrumental in rationalization of vendor service costs resulting in savings of USD 23,000Effectively managed launch and implementation of ECS Debits proposition along with pilot customersCommercialization of Virtual Accounts proposition for effective and timely reconciliation of account receivablesConceptualization of FPO solution catering to Insurance verticalInstrumental in rationalization of locations having tie ups with correspondent banks to save costs up to USD 20,000
  • Hsbc
    Product Manager
    Hsbc Aug 2008 - Aug 2010
    London, Gb
    Receivable SolutionGlobal Payments & Cash Management; Key Responsibilities Identifying new product development / enhancement opportunities resulting from change in the environment and customer requirements and drive these initiatives.Managing flagship project relating to Receivables productsCommercialisation of new / existing receivables products.Participating in sales process for key business and coordinate with sales team for execution of overall business plan.Regular business monitoring for key products and taking initiatives along with stakeholders to drive the revenue Key Achievements Implemented and designed dynamic E-Receivables solution with a business opportunity of USD 500,000Successfully launched and effectively implemented Speed Clearing offering for top corporate banking customers with huge business value potentialSuccessfully launched the E-collections reconciliation product.Instrumental in rationalization of location costs resulting in savings of USD 23,000Effectively managed launch and implementation of ECS Debits proposition along with pilot customersCommercialization of Virtual Accounts proposition for effective and timely reconciliation of account receivablesConceptualization of FPO solution catering to Insurance verticalInstrumental in rationalization of correspondent banks tie ups to save costs up to USD 20,000
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  • Citibank India
    Project Manager
    Citibank India Sep 2006 - Jul 2008
    Mumbai, Maharashtra, In
    Key Responsibilities Project management and business analysis for new/existing platforms in cash managementUpgradation of existing payments and receivables system for enhanced product offering.Working in close coordination with Product, Operations, Development team and Data Center supportResponsible for annual budgeting exercise for cash applications.Implementation of new product workflows and regular monitoring performance of existing workflows.Managed a team of 50 people (including developers and project managers)Preparation of business and functional requirement specifications and coordination with all stakeholders for project release within delivery schedules Key Achievements Design and implementation of Cheque warehousing and PDC module for Receivables Instrumental in designing and implementing a consolidated platform for Clearing operations at Pan India level resulting in save of 2.5 FTESuccessful implementation of a secured delivery channel for customer reports and MIS helping business to save 4FTEsInstrumental in migration of existing NEFT/RTGS platforms to robust regional solutions enhancing productivitySuccessful designing of customer templates for DD/CO/PP on regional platformsImplementation of reconciliation solution for FMCG and Insurance sectorDesigned and implemented automatic liquidation module for receivables platform resulting into save of 3 FTEsKey member in the implementation of Cheque Truncation project for CitibankRecipient of "Operations & Technology" excellence award for Q4 2007, Q1 2008 and Q2 2008
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  • Citibank India Ltd
    Assistant Manager - Clearing Operations
    Citibank India Ltd May 2005 - Aug 2006
    Key Responsibilities Successfully managed a team of 16 members at clearing operations in Mumbai.Responsible for streamlining of processes to enhance productivity and save costsManaging vendor relationships to ensure adherence to processing timelinesReview of processes under Risk Control and Self Assessment and performing regular QA checksWorking closely with business and technology to test and roll out improved process flows and new product launchesSetting up of process reengineering teams at Pan India level for driving key initiatives and regulatory changes Key Achievements Successfully completed the installation of APLAB processing modules for clearing modules at vendor locations across India resulting in save of 5 FTE.Instrumental in designing and implementing a Query Resolution Matrix with Customer service and delivery channels thereby registering a 40% reduction in issuesImplementation of fuzzy logic for signature verification which resulted in cost save of 1 FTE per branch Key member for testing and implementation of clearing module in Flexcube for corporate banking in 2005

Saumil Mody Skills

Banking Sales Process Business Analysis Cost Management Management Payments Business Development Strategy Client Presentation Commercialization Strategic Sales Business Planning Client Rapport Product Commercialization Product Design And Launch Strategy Planning And Execution Streamlining Process Business Development And Planning Product Management Digital Banking Product Marketing Channel Relationship Management Alternate Channels

Saumil Mody Education Details

  • Indian Institute Of Technology, Delhi
    Indian Institute Of Technology, Delhi
    Operations
  • Institute Year Cgpa / % Board/ Univ
    Institute Year Cgpa / % Board/ Univ
    Marketing Department Of Management Studies
  • It Svits
    It Svits
    B.E; Hons
  • Svits
    Svits
    Information Technology
  • Institute Year Cgpa / % Board/ Univ
    Institute Year Cgpa / % Board/ Univ
    Marketing Department Of Management Studies
  • It Svits
    It Svits
    Information Technology
  • St Pauls
    St Pauls
    H.S.C. St. Paul'S H. S.S; S.S.C. St. Paul'S H. S.S

Frequently Asked Questions about Saumil Mody

What company does Saumil Mody work for?

Saumil Mody works for Idfc First Bank

What is Saumil Mody's role at the current company?

Saumil Mody's current role is Head - Digital Partnerships & Projects and Implementation, Transaction Banking, IDFC FIRST Bank.

What is Saumil Mody's email address?

Saumil Mody's email address is sa****@****c.co.in

What schools did Saumil Mody attend?

Saumil Mody attended Indian Institute Of Technology, Delhi, Institute Year Cgpa / % Board/ Univ, It Svits, Svits, Institute Year Cgpa / % Board/ Univ, It Svits, St Pauls.

What are some of Saumil Mody's interests?

Saumil Mody has interest in Children, Badminton, Economic Empowerment, Travelling, Trekking, Education, Environment, Reading, Trainings, Science And Technology.

What skills is Saumil Mody known for?

Saumil Mody has skills like Banking, Sales Process, Business Analysis, Cost Management, Management, Payments, Business Development, Strategy, Client Presentation, Commercialization, Strategic Sales, Business Planning.

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