Setu, owned by Pine Labs, has appointed Anand Raisinghani as its new chief executive officer (CEO).

Raisinghani was vice president (VP) and head of professional services, banking, financial services and insurance (BFSI), telecom and media verticals at SAP India. He has more than two decades of experience and has also worked for technology companies like Equifax, IBM and Wipro.

Setu works in the space of account aggregation, data gateway, identity verification, embedded finance, Open Network for Digital Commerce, WhatsApp Business, and Bharat Bill Payment Service.