Fintech firm slice has appointed Sreedevi Pillai, former Chief Basic Supervisor – Threat Administration on the State Financial institution of India (SBI), as an Unbiased Director (Non-Government) to its Financial institution Board, as the corporate strengthens its governance and danger oversight following its transition right into a regulated banking entity.

Pillai brings 36 years of banking management expertise, most of it at SBI, the place she led Operational Threat Administration, Fraud Prevention and Monitoring, and Enterprise and Group Threat Administration throughout the financial institution and its group entities.

Throughout her tenure, she oversaw the event of fraud detection frameworks that helped SBI grow to be one of many first massive industrial banks in India to deploy such capabilities at scale.

Her appointment comes as slice works to bolster its institutional governance and danger foundations consistent with its long-term development technique.

“We’re glad to welcome Mrs. Pillai to the Board,” stated Rajan Bajaj, MD & CEO, slice. “Constructing proper from the very starting and with out compromise is what we’re making an attempt to do with slice. And to have the ability to try this nicely for not a couple of, however everybody calls for the form of governance and danger experience that solely comes from main establishments at scale. Mrs. Pillai has performed precisely that. Her deep expertise in operational danger, fraud oversight, and enterprise danger administration at India’s largest financial institution makes her an amazing addition to our Board. We’re lucky to have her with us as we construct for a future the place banking is pleasant for each buyer.”

“I’m honored to affix the Board of slice at this essential stage of its evolution,” stated Sreedevi Pillai, Unbiased Director, slice. “The financial institution’s dedication to constructing a clear, digitally pushed, and inclusive banking platform aligns strongly with the evolving panorama of accountable finance in India. I stay up for working intently with Rajan, the management staff, and the Board to contribute to strong governance, prudent danger administration, and sustainable development.”

Pillai holds an MSc in Arithmetic from St. Stephen’s Faculty, College of Delhi, and holds FRM and SCR skilled certifications from the World Affiliation of Threat Professionals, USA.

The event follows a latest management change on the firm. Final month, slice appointed its founder Rajan Bajaj as Managing Director and Chief Government Officer. Bajaj beforehand served as Government Director of the corporate.

Based in 2016 by Rajan Bajaj, slice began as a client fintech platform and have become a regulated financial institution after merging with North East Small Finance Financial institution in 2024.

The corporate claims to have served greater than 20 million registered customers, employs over 3,000 folks, and has raised greater than $250 million from buyers together with Tiger World, Perception Companions and Creation Worldwide.