Spice Route Legal
Soumitra Ponkshe
Education
ILS Law College, Pune
What Soumitra brings to the table
Soumitra is a Senior Associate with the Technology in Banking practice at Spice Route Legal and has specialised expertise within Technology in Banking.
He has spent the better part of his career working with India’s largest banking and non-banking companies on technology issues that haunt this sector. He has worked on bank outsourcing and partnerships, product development and structuring, financial sector regulations, embedded finance, payments and lending, commercial contracts, and tech licensing projects.
Soumitra's regular clients include India's largest bank, one of India's largest airlines and over 50% of India's embedded finance, open banking, and neo-banking companies.
Representative matters:
- Advised India’s largest commercial bank on a USD200 million+ outsourcing contract for the development of a proprietary core banking system.
- Assisted the world’s largest card payment solutions provider in navigating the Indian regulatory framework pertaining to the operation of the Account Aggregators Ecosystem.
- Advising the national flag carrier airline of India on multiple large-scale technology licensing arrangements, including negotiating a complicated payment arrangement with JP Morgan in the United States.
- Advised one of the world’s largest pharmaceutical and agricultural products companies on structuring a digital agricultural exchange and accompanying solutions for working capital for farmers.
