Fintech company slice has appointed Arvind Kathpalia, previously with Kotak Mahindra Bank, as its Chief Risk Advisor. Kathpalia’s recruitment follows the Competition Commission of India’s (CCI) approval of slice’s merger with North East Small Finance Bank (NESFB), intensifying the company’s efforts in pioneering the transformation of India’s financial landscape. With an impressive career at Kotak Group and other significant banks, Kathpalia brings extensive expertise in risk management, which will be instrumental in enhancing the newly merged banking entity’s capabilities. The merged entity looks to improve internal tools for risk assessment and ensure a robust risk management framework, key to slice’s transition amid regulatory changes. After ceasing its prepaid payment instrument (PPI) service due to RBI’s regulatory actions, slice has adapted by providing personal loans and UPI payment services, showing significant year-on-year growth in their financials for FY23, with total revenues standing at INR 867.8 Cr.

Financial Technology (Fintech), Banking,India