Fintech company Slice has appointed seasoned banking leader Sreedevi Pillai as an Independent Non-Executive Director on its bank board.
Pillai previously served as Chief General Manager of Risk Management at the State Bank of India (SBI) and brings more than three decades of experience in banking and financial risk management.
Her appointment signals Slice’s focus on strengthening governance, risk management, and regulatory compliance as the fintech company continues to grow and expand its financial services offerings.
A Veteran With 36 Years of Banking Experience
Sreedevi Pillai has over 36 years of experience in the banking sector, most of which she spent at SBI, India’s largest public sector bank.
During her time at the bank, she handled several critical responsibilities related to risk management, operational oversight, and fraud prevention.
Her leadership roles involved overseeing:
- Operational risk management systems
- Fraud detection and monitoring mechanisms
- Enterprise risk management strategies
- Risk governance across SBI and its group companies
This extensive experience makes her a valuable addition to Slice’s leadership team, especially at a time when fintech companies are increasingly focusing on compliance and risk frameworks.
Key Role in Fraud Detection at SBI
One of Pillai’s major contributions during her career at SBI was helping develop and implement fraud detection systems.
Under her leadership, the bank introduced frameworks designed to detect financial fraud and suspicious activities more efficiently.
These initiatives played an important role in making SBI one of the first large commercial banks in India to deploy advanced fraud detection capabilities at scale.
Such systems are critical in the modern financial landscape, where digital transactions are growing rapidly and financial institutions must stay ahead of potential threats.
Her experience in this area is expected to help Slice strengthen its own risk monitoring and fraud prevention infrastructure.
Why Slice Is Strengthening Its Board
Slice’s decision to appoint an experienced banking professional to its board reflects the company’s evolving strategy.
As fintech companies grow, they face increasing scrutiny from regulators and stakeholders. Strong governance structures and experienced leadership become essential to ensure stability and compliance.
According to Slice, Pillai’s appointment is part of a broader effort to reinforce its institutional governance and risk management framework.
By bringing experienced professionals from traditional banking into its leadership structure, the company aims to build a strong foundation for long-term growth.
Supporting Responsible Digital Banking
India’s financial ecosystem is undergoing a major transformation as digital banking and fintech services expand rapidly.
With millions of users relying on digital platforms for payments, credit, and banking services, companies in this sector must ensure transparency, security, and responsible financial practices.
Pillai’s experience in risk management and governance aligns closely with Slice’s mission of building a transparent and inclusive digital banking platform.
Her expertise will help the company navigate the complex regulatory environment while maintaining strong operational standards.
Sreedevi Pillai on Joining Slice
Speaking about her new role, Sreedevi Pillai expressed optimism about contributing to the company’s growth and governance.
She emphasized the importance of building responsible financial platforms in India’s evolving fintech landscape.
According to her statement, Slice’s focus on transparency, digital innovation, and inclusive banking aligns with the broader direction of responsible finance in the country.
She also noted that she looks forward to working closely with the company’s leadership team and board members to strengthen governance practices, improve risk management systems, and support sustainable growth.
The Growing Role of Governance in Fintech
The fintech sector in India has grown significantly over the past decade, introducing new technologies and innovative financial products.
However, this rapid growth has also increased the need for stronger governance and regulatory compliance.
Many fintech companies are now bringing experienced professionals from traditional banking and financial institutions into their leadership teams.
This helps them balance innovation with responsible financial practices, ensuring that customer interests and regulatory requirements are both addressed.
Slice’s appointment of Sreedevi Pillai reflects this broader industry trend.
What This Means for Slice’s Future
Adding a veteran banker to its board is a strategic move that could support Slice’s long-term ambitions.
As the company expands its services and customer base, having strong governance structures will be crucial.
Experienced board members can help guide decision-making, manage risks, and ensure that the company operates within regulatory frameworks.
Pillai’s deep understanding of risk management, fraud prevention, and banking operations could play an important role in shaping the company’s future strategy.
Looking Ahead
With the fintech industry evolving quickly, companies like Slice are focusing not only on innovation but also on building strong institutional frameworks.
The appointment of Sreedevi Pillai signals the company’s commitment to responsible growth, improved governance, and robust risk management.
As Slice continues to expand its digital banking ecosystem, experienced leaders like Pillai are expected to play a key role in ensuring that growth remains sustainable and aligned with the broader goals of India’s financial sector.
