Slice Bank Strengthens Board with SBI Risk Veteran Sreedevi Pillai
Slice, a fintech-turned-bank, has appointed Sreedevi Pillai as an independent director on its board. The move follows the company's recent transition into a fully regulated banking entity. Pillai brings decades of risk management experience from her long career at State Bank of India.
Pillai joins slice after 36 years at SBI, where she led operational risk, fraud prevention, and enterprise risk management. Her work included building fraud detection systems that the bank rolled out on a large scale. She holds an MSc in Mathematics from St. Stephen's College, Delhi, along with global risk certifications (FRM and SCR).
Slice began in 2016 as a consumer fintech platform before becoming a bank in 2024 after merging with North East Small Finance Bank. The company now serves over 20 million users, employs more than 3,000 people, and has raised over $250 million from investors like Tiger Global and Insight Partners.
Last month, slice named its founder, Rajan Bajaj, as Managing Director and CEO. Bajaj welcomed Pillai's appointment, citing her expertise in risk and fraud oversight. Pillai, in her statement, said she was honoured to join a bank focused on transparency, digital innovation, and inclusive banking.
Pillai's role will bolster slice's governance as it operates under stricter banking regulations. Her experience in risk management aligns with the bank's push for stronger oversight. The appointment comes as slice expands its services under its new leadership team.
