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Slice appoints former SBI executive Sreedevi Pillai to bank board

EntrackrEntrackr · 1d ago
Slice appoints former SBI executive Sreedevi Pillai to bank board
Medial

Slice appoints former SBI executive Sreedevi Pillai to bank board Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager Risk Management at State Bank of India (SBI), as an Independent Director Non Executive to its Bank Board. Pillai brings 36 years of banking leadership experience, most of it at SBI, where she oversaw operational risk management, fraud prevention and monitoring, and enterprise and group risk management across the bank and its group entities. During her tenure, she led the development of fraud detection frameworks that helped SBI become one of the first large commercial banks in India to deploy such capabilities at scale. According to Slice, her appointment comes as the company strengthens its institutional governance and risk framework in line with its long term growth plans. "The bank’s commitment to building a transparent, digitally driven and inclusive banking platform aligns strongly with the evolving landscape of responsible finance in India. I look forward to working closely with Rajan, the leadership team and the Board to contribute to robust governance, prudent risk management and sustainable growth," said Sreedevi Pillai, Independent Director at Slice. Last month, Slice appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company. Rajan Bajaj founded Slice in 2016 and led the company from a consumer fintech startup to a regulated bank following its merger with North East Small Finance Bank in 2024. The company says it has served more than 20 million registered users, employs over 3,000 people and has raised more than $250 million from investors including Tiger Global, Insight Partners and Advent International.

Infibeam Avenues rebrands as AvenuesAI, elevates Vishwas Patel to MD and CEO

EntrackrEntrackr · 3m ago
Infibeam Avenues rebrands as AvenuesAI, elevates Vishwas Patel to MD and CEO
Medial

Infibeam Avenues plans to change its name to AvenuesAI Ltd as part of a broader shift in its business strategy. The rebrand, approved in principle by the board, is subject to statutory and regulatory clearances. The company said the new identity reflects its transition from a payments and e-commerce infrastructure provider to an AI-driven digital payments and fintech business. Infibeam also planned a leadership change with the elevation of Vishwas Patel, currently Joint Managing Director, to the role of Managing Director and Chief Executive Officer. Vishal Mehta will continue as Chairman and Managing Director, focusing on long-term strategy and the company’s AI-led roadmap. As part of the same board meeting, the company appointed Neharika Vohra as an Additional Women Director (non-executive, independent) for a five-year term beginning December 11, 2025. Vohra has held leadership roles in entrepreneurship programmes at IIMA Ventures. Infibeam Avenues operates across India and multiple overseas markets, including the UAE, Saudi Arabia, Australia, and the US. It also works with major banks in Oman. The company said global expansion in payments offers stronger unit economics, and the rebrand supports this ambition. The business reported 84% revenue growth in H1 FY26 and a 26% rise in TPV year-on-year. CCAvenue will continue as the primary brand for its payment gateway and related merchant services. The platform works with more than 200 banks and financial institutions. Infibeam Avenues processed transactions worth Rs 8.67 trillion in FY25 and serves more than 10 million merchants and enterprise customers across its payments and platform businesses.

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