Mayank Somani

Assistant Vice President-Sr Operations Manager, Bank of America
Gurugram, Haryana,India
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Who Is Mayank Somani?

Total Experience16 years
CompanyBank of America
CountryIndia

Mayank Somani is a seasoned entrepreneur and product leader with extensive experience in the fintech industry. He co-founded Upstox (formerly RKSV Securities), a leading Indian discount brokerage, and played a pivotal role in its growth, product development, and scaling, democratizing equity investing for millions. Later, he served as the Head of Product at CRED, contributing significantly to its product strategy, innovation, and user experience in building a high-trust community for creditworthy individuals. Mayank is known for his deep understanding of financial technology, his ability to build and scale innovative products from the ground up, and his passion for leveraging technology to solve complex problems for consumers. He is often recognized for his contributions to the Indian startup ecosystem, particularly in the fintech space, and is passionate about financial inclusion.

Mayank Somani LinkedIn pageCompany Website

How Did Mayank Somani's Career Path Shape Their Journey?

Mayank Somani's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

Bank of America - Assistant Vice President-Sr Operations Manager(2024 to Present)
NatWest Group - Associate Vice President(Regulatory Control-Development & Future Ops)(2015 to 2020)
Credit Suisse - Team-Lead (RFDAR- Risk Finance Data Analytics & Reporting)(2012 to 2015)
Ebusinessware Ltd - Business Data Analyst(2011 to 2012)
RMSI - Risk Analyst(2010 to 2011)

What Are Mayank Somani's Key Achievements?

Co-founder of Upstox

Co-founded Upstox (formerly RKSV Securities) in 2009 and was instrumental in building it into one of India's largest and fastest-growing discount brokerage firms, revolutionizing online trading for retail investors in India.

Head of Product at CRED

Led product vision, strategy, and execution at CRED, a members-only platform rewarding individuals for timely credit card bill payments, contributing to its rapid growth and innovative product offerings from 2020 to early 2023.

Scaling Fintech Platforms

Successfully scaled two major fintech platforms (Upstox and CRED), managing product development for millions of users and handling significant transaction volumes, focusing on robust architecture and superior user experience.

Innovation in Financial Technology

Pioneered several innovative features and products in the Indian fintech landscape, making financial services more accessible, affordable, and user-friendly for a broad audience.

Thought Leadership in Fintech

Recognized as a key figure and thought leader in the Indian fintech ecosystem, often sharing insights on product development, financial inclusion, and the future of finance in India.

What's Mayank Somani's Educational Background?

Master of Business Administration (MBA), Finance

ICFAI Business School, Kolkata - Year 2008

Bachelor of Commerce (BCom), Accounts and Finance

University Commerce College,Jaipur - Year 2005

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Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance

Company Overview

Bank of America
Total employees212000
HeadquartersCharlotte
Founded1904

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services. Headquartered in Charlotte, North Carolina, the company serves clients in more than 35 countries and is a component of the S&P 500 and Dow Jones Industrial Average. It is considered one of the 'Big Four' banking institutions in the United States.

Company Website
Bank of America Stock Information
Bank of America, Inc. is listed on the New York Stock Exchange under the ticker symbol BAC. The company went public on September 30, 1998

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