Dilip Rao

Digital Money Innovation

Melbourne, Victoria, Australia

About

Any views expressed here are my own. Seasoned Executive with proven success, driving business growth via entrepreneurial leadership, business innovation and technology leverage. Advisor at Digital Finance Cooperative Research Centre in Sydney, previously with RIpple Labs in NYC. Several Australian-firsts as the founder of an online payments startup and technology executive. Strong strategic thinking, conceptual and analytical capabilities with communication skills at top management levels. Innovation: Launched Australia’s first person-to-person payment service; first payment service for buyers in China to pay Australian merchants and an English-Mandarin online shopping mall; first cross-border online bank account payment service. Entrepreneurship: Founded boutique management consulting firm catering to major Australian banks and corporates, with acknowledged outcomes on strategic change, process re-engineering and IT strategies over 10 years. Founded online payments company Paymate. Technology: Developed and implemented IT Strategy and management restructuring for major corporates, major banks and financial services companies including outsourced services. Re-engineered business processes with technology and systems for retail banking (check processing, bulk electronic payments, EFTPOS, branch automation, mortgage lending, mainframe applications) and retail financial services. International Experience: Academic credentials from top science, engineering and business schools in India; work experience in India, South East Asia, Middle East, USA, Australia and New Zealand. Established businesses and partnerships in Australian, New Zealand, USA and China. Pro-bono work in supporting entrepreneurs as Charter Member, TiE Sydney and past President of TiE Sydney. Also, Founding President of charity iimpact.org.au to educate girl children in India.

Experience

  • Principal Consultant at Woomera Labs
    Jan 2020 - Present · 6 yrs 7 mos

    Woomera Labs bridges the gap between large enterprises and startup innovation. We enable you to trial and launch new ventures, products and services with risks managed.

  • Advisor at Flash Payments
    Jul 2020 - Present · 6 yrs 1 mo

  • Project Director - Australian CBDC Pilot at Digital Finance CRC
    Jan 2022 - Aug 2023 · 1 yr 8 mos

    The mission of the Digital Finance Cooperative Research Centre is to pioneer research and commercialisation for the emerging digital finance sector. The DFCRC engaged in a research project with the RBA, which is exploring CBDC as a complement to existing forms of money. Given my earlier work with central banks and digital payments infrastructure, this was an exciting opportunity to contribute to the future of money in Australia!

  • Ripple (On-site)
    • Global Head, Infrastructure Innovation
      Jan 2018 - Dec 2019 · 2 yrs

      In this role I lead Ripple's engagement with central banks and financial market infrastructures in their digital journey with Distributed Ledger Technology. Ripple offers proven technology building blocks and a consulting approach to innovation in national and regional payments infrastructure and the use of crypto assets.

    • Managing Director (APAC & MENA)
      Jul 2014 - Dec 2017 · 3 yrs 6 mos

      Leading Ripple in the Asia-Pacific and Middle East & North Africa regions, my team has secured banking partners for RippleNet, with payment services built on Ripple solutions now live across several corridors in this region. Ripple offers an enterprise solution for inter-bank, real-time payments, based on distributed ledger technology (see ripple.com). I am excited about the potential for this transformative technology to provide the payment rails for the growing cross-border transactions that are powering emerging markets.

  • Advisor at Woomera Labs, Inc.
    Oct 2013 - Dec 2014 · 1 yr 3 mos

    Woomera Labs provided a ‘safe house’ for large corporates to engage with startups to solve enterprise issues. First clients were Ripple Labs inc in San Francisco and two major Australian banks, trialling blockchain payments.