New Street Technologies names Arun Prasad as its COO

Blockchain firm, New Street Technologies has appointed Arun Prasad G as its Chief Operating Officer. Prasad has over 27 years of experience in the financial services industry.

New Street, founded in 2017 by Sajeev Viswanathan, a veteran banker turned technocrat, and Mohit Davar, a remittances industry veteran and technology investor, is in the business of developing blockchain based platforms for the industry. Its award-winning flagship ecosystem for the BFSI sector- MiFiX – is arguably the world’s first such commercially successful platform and has been adopted by banks and financial institutions across the world. Adding Mr. Prasad to the team is part of New Street’s plans to scale up its operations in the BFSI sector and beyond.

Arun Prasad has spent over 2 decades in the Financial Services Industry starting his career in 1994 working across reputed organizations in the insurance, credit card and mutual fund industries such as Franklin Templeton Mutual Fund, MetLife, Mastercard, Fidelity Mutual Fund etc. His last position was Deputy Chief Executive Officer at BOI AXA Mutual Fund.

In accepting the position, Arun stated, “Having spent a long time in various parts of the financial services industry, I have seen the continuous increase in the cost of doing business owing to more requirements in compliances, verification and risk mitigation measures that are mandated either by regulations or by market requirements. This potential and the opportunity to be a part of the Blockchain revolution is what inspired me to join New Street Tech and become a part of the blockchain industry.”

Commenting on the appointment, Sajeev Viswanathan, Founder, and CEO, New Street Technologies said, “I am delighted that Arun chose New Street as his career estination. His energy, and wide-ranging experience in the Financial Services Industry will complement our Company’s expansive plans to take the Blockchain Advantage to our numerous clients and prospects in the BFSI sector and beyond globally.”

Arun Prasad will be based out of the Bengaluru office of New Street Technologies.