Ramana Kumar is the Chief Executive Officer of Magnati, which is the payments subsidiary of First Abu Dhabi Bank and Brookfield. Ramana has been instrumental in incubating Magnati and carving the business from a large bank into an agile and futuristic payments company. Ramana has been credited with driving many strategic and innovative initiatives in payments space. He has special interests around innovation/ data and artificial intelligence / fintech and partnerships and the impact on the payments space.
He was the key driver in turning Magnati into one of the most innovative and progressive payment solutions provider in the UAE. He led the company launch many “first in the market” initiatives including payments modernization, driving data driven business growth and monetizing data, cashless initiatives, financial inclusion, AI and Metaverse.
Mr. Kumar has always been one of the trendsetters in the region for innovation and challenging status quo. Prior to Magnati, Ramana worked on many roles across corporate banking, Transaction banking and Group strategy.