Relationship-based pricing and billing company SunTec Business Solutions has named Michael (Mike) Yesudas its new CTO.

Yesudas will be based out of the USA and will drive and head the technology and engineering functions, including platform engineering, product engineering, and release engineering teams. A key focus will be on the development of SunTec’s platform that will integrate with third-party APIs geared to an open banking environment.

“Mike joins us at a very crucial time when business ecosystems across the world are getting rapidly digitized, creating a conducive environment where we can move closer to our dream of delivering multi-industry products that can manage the value chain of these evolving business ecosystems,” SunTec founder and CEO Nanda Kumar said. “His diverse experience across AI applications, cloud, big data, and mobile technologies will help us enhance our core product strength and our software development capabilities, using Software 2.0 as well as cloud and edge computing for faster processing. His leadership will be significant for us as we widen our reach in high-volume transaction industries. I am confident that Mike will enable us to transform our current platform into a brilliant cognitive platform of tomorrow.”

“I am glad to be a part of a forward-thinking organization such as SunTec,” Yesudas added. “I believe my years of experience of driving innovation globally will help me establish the next phase of growth for the company and our customers. 

“Collaboration will be key to offer this next-gen experience. It requires building a marketplace, partner infrastructure, governance and security policies, and a robust, best-of-breed, and scalable platform. It is this combination that will enable our customers to leapfrog ahead using technology as an enabler.”

Yesudas has nearly three decades of experience across organizations including IBM, Sterling Commerce, GE, and HP. In his previous role in IBM, he was an IBM Distinguished Engineer and the CTO of IBM Sterling and AI Applications Expert Labs. He was responsible for developing and executing the technology vision for retail and non-retail solutions, driving innovations and services, and helping customers become more competitive with improved technology solutions worldwide. Yesudas completed his BTech at IIT Kharagpur and has an MS in Engineering from the University of Houston and MS in Computer Science from Monash University. He holds several U.S. and international patents and has been a CISSP Certified Security Expert for 15 years.

SunTec operates globally across 45 countries such as the USA, UK, Germany, UAE, Singapore, Canada, Australia, and India.  The company has more than 130 clients in the banking, telecom, and travel industries.