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PARAG R NAIK
Mumbai
Summary
Transformational FinTech Leader | Vice President of Product Development with over 23 years in banking software innovation for Tier-1 institutions. Architect of market-defining platforms, including greenfield mobile banks and national RTGS systems. Currently driving Oracle's AI-Native Agentic Banking Platform, emphasising software quality through DevSecOps, AI-driven automation, and microservices architectures.
Overview
1
1
Certification
25
25
years of professional experience
Work History
Vice President of Product Development
Oracle
Mumbai
10.2024 - Current
- Reimagined digital banking UX by transitioning from legacy, menu-based self-service interfaces to an intent-driven, autonomous agentic ecosystem, leading product vision and rollout of Oracle's AI-Native Agentic Banking Platform with specialized multi-agent orchestrations and Human-in-the-Loop (HITL) governance.
- Defined future of global banking by embedding autonomous multi-agent orchestration into core enterprise SaaS workflows, enhancing AI-led quality and engineering transformation.
- AI-Augmented Quality & SDLC Transformation: Pioneered organizational strategies for AI-driven software development across global engineering teams. Embedded Spec-Driven Development (SDD) paradigms and AI-augmented testing workflows to automate test generation, catch regressions early, and elevate baseline code coverage across SaaS microservices.
- No-Code SaaS Extensibility & Integrations: Driving product strategy for Application Studio and Oracle Financial Services Interconnect (OFSI), delivering no-code extension fabrics that allow enterprise clients to customize UI and business logic without touching baseline SaaS code.
- Directed product lifecycles for cloud-native offerings including OBDX CS, OBAPI CS (Open Banking), and OBEDX, enabling global financial institutions to assemble hot-pluggable capabilities.
Sr. Director - Product Development
Oracle
Mumbai
01.2018 - 10.2024
- Global Scale & Portfolio Ownership: Governed end-to-end strategy, product management, and engineering delivery for OBDX, successfully scaling the platform to over 300 enterprise customers worldwide across On-Premise and multi-tenant SaaS environments.
- Scaled OBDX into a market-defining platform deployed across 300+ banks worldwide while leading the portfolio's cloud SaaS transformation and quality standards.
- Spearheaded evolution of Oracle's channel portfolio from on-premise to cloud SaaS, re-architecting software around core SaaS principles such as multi-tenancy, strict data isolation, dynamic elasticity, automated cloud patching, and zero-downtime microservices upgrades.
- No-Code Quality & Integration Architecture (UIToolkit & OBRH): Pioneered Oracle's low-code/no-code strategy by launching UIToolkit for configuration-based UI development and Oracle Banking Routing Hub (OBRH) as a visual integration fabric. Decoupled customizations from baseline code, drastically improving release quality, system responsiveness, and deployment speed.
- Partnered with enterprise sales to secure multi-million-dollar tier-1 accounts globally, serving as key executive lead for strategic SaaS customers and driving product-led engineering with a focus on operational resilience.
Director - Product Development
Oracle
Mumbai
01.2012 - 12.2017
- Flagship Platform Creation: Conceptualised, blueprinted, and launched Oracle Banking Digital Experience (OBDX), turning it into a market-leading omnichannel product serving retail, corporate, and Islamic banking segments globally.
- Developed complete engineering development lifecycle from scratch, instituting Agile methodologies and automated CI/CD/CT pipelines, while integrating DevSecOps security guardrails for bank-grade compliance.
- Initiated and established engineering SDLC and DevSecOps quality model for Oracle's premier digital banking platform, enhancing development efficiency and security.
- Engineered migration paths and coexistence frameworks, facilitating smooth transitions for Tier-1 financial institutions from Flexcube Direct Banking (FCDB) to OBDX.
Sr. Development Manager
Oracle
Mumbai
09.2003 - 12.2011
- Greenfield Mobile-Only Bank Launch (Tokyo): Spearheaded the end-to-end greenfield development and deployment of a world-first, mobile-only digital bank for a Tier-1 global institution in Tokyo, building resilient transactions for constrained networks and hardware.
- National RTGS Infrastructure & RBI Collaboration: Architected and engineered a ground-up, high-volume, high-concurrency payment engine to process incoming and outgoing real-time gross settlement (RTGS) transactions in direct collaboration with the RBI and pilot banks.
- Led high-concurrency payment engine rollouts and greenfield mobile bank deployments, enhancing regional presales strategies.
- Managed FCDB product lifecycles across APAC, delivering technical presales blueprints and cultivating executive client relationships globally.
Sr. Programmer
Intellect Design Arena Ltd
04.2001 - 08.2003
- Engineered backend modules for Letters of Credit (LC) and Bank Guarantees on Orbi-Trade platform to enhance transactional throughput through optimized database queries.
- Led development team in designing, coding, and testing high-quality software applications within agreed timeframes.
- Architected scalable cloud-based solutions, enabling flexible deployment options and operational cost reductions.
- Coordinated cross-functional teams during major upgrades and system migrations, minimising downtime and user impact.
Education
Bachelor of Engineering -
University of Mumbai
01-1999
Skills
- AI product strategy
- Intent-driven UX
- Multi-agent orchestration
- HITL guardrails
- AI-led SDLC
- AI software development
- Spec-driven development
- AI testing
- DevSecOps
- DevSecOps practices
- CI/CD pipelines
- Cloud architecture
- SaaS architecture
- SaaS transformation
- Enterprise SaaS deployments
- Cloud migration
- Operational Resilience
- No-Code Extensibility
- Application Studio
- UIToolkit
- OBRH/OFSI
- Payment engines
- Mobile banking architecture
- Composable Agent Architecture
- Shift-left governance
- Global Product Leadership
- End-to-end product management
- Roadmap ownership
- Cross-Functional Leadership
- Enterprise modernization
- Product management
- Product lifecycle
- Strategic planning
- Collaboration skills
- Customer engagement
- Leadership and management
- DevEx
- Customer engagement
- Leadership and management
Certification
- Machine Learning, Stanford University, 2018-03-01, JEK7YQTAAE9N
- Deep Learning Specialization, DeepLearning.AI, 2019-05-01, TBK8678ZXVZ8, Sequence Models, 2019-05-01, TU5AL55FSY9U, Structuring Machine Learning Projects, 2019-03-01, QGSLAF9DCUTJ, Convolutional Neural Networks, 2018-05-01, W4G2A5JHJTTA, Improving Deep Neural Networks: Hyperparameter Tuning, Regularization & Optimization, 2018-03-01, WMSMQQBN86QR, Neural Networks and Deep Learning, 2018-03-01, UFFUSGDUA2Z5
Custom
https://www.google.com/search?q=https%3A%2F%2Flinkedin.com%2Fin%2Fparag-naik-b52513328
Interests
Timeline
Vice President of Product Development
Oracle
10.2024 - Current
Sr. Director - Product Development
Oracle
01.2018 - 10.2024
Director - Product Development
Oracle
01.2012 - 12.2017
Sr. Development Manager
Oracle
09.2003 - 12.2011
Sr. Programmer
Intellect Design Arena Ltd
04.2001 - 08.2003
Bachelor of Engineering -
University of Mumbai