Sumit Verma
Senior Product Manager @State Bank of India
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WORK HISTORY
Senior Product Manager @State Bank of India
Mumbai, IN
Responsible for finalizing the scope of work,RFP publication,Conducting bid and onboarding Fintech\'s as per the Business Unit requirement.• Working on defining digital strategy, transformation, & innovation of non-digital products to Digital channel. • Reviewing the BRD/BRS for Digital Products.• Worked extensively on enhancing customer pain areas for retail Banking.• Worked on Internet Banking, Mobile Banking and different channels. • Collecting the business requirements from different sources, synthesizing and communicating the same to the tech team• Co-ordinating with stakeholders across Business units (e.g. business teams, risk, legal, compliance, IT, etc.)• Co-ordinating with stakeholders in the tech team to ensure timely delivery of the journey• Driving business for the developed and launched journeys by designing the strategy to drive adoption for respective journeys• Co-ordinating with circle and region level stakeholders to implement the plan for driving adoption and business• Identify, prioritize, and redesign core products/ processes for relevant BU.• Responsible for revised process approval in coordination with BU’s.• Monitoring, tracking, and organizing of all required SOP, manual, e-circular, e-lessons for proposed new product• Responsible for collating the ‘on-ground’ feedback from the stakeholders.• Responsible for achieving cost savings targets from the digital transformation.• Achievements of targets for redeployment and staff from service to sales.• Responsible for design, development, and execution of new products in assigned categories in coordination with vendor/technical teams• Achievement of desired sales targets from the launch of re-imagined customer journeys and products from Business units.• Work to ensure that product specifications are precise and up-to-date and then communicate to concerned departments• Coordinate with Marketing & Communications teams on new product launch programs on assigned categories.
EDUCATION
University of Virginia
Certificate, Digital Product Management: Modern Fundamentals
Kavi Kulguru Institute of Technology and Science, Ramtek
Bachelor of Engineering - BE, Information Technology
ABOUT SUMIT VERMA
I’m a digital banking and transformation leader with over 15 years of experience across public-sector and private banks. Currently, I lead digital products and fintech ecosystems at State Bank of India, where I’ve helped scale one of the world’s largest mobile banking platforms serving over 80 million customers and 10 million daily active users.My core strength is transforming highly regulated, legacy institutions into digital-first, platform-led organizations while delivering measurable revenue growth and cost optimization. I’ve built and governed over 40 fintech partnerships across AI, fraud, KYC, payments, and digital lending, all within strict regulatory and risk frameworks.I welcome connections with fellow professionals who share a passion for transforming finance. Let’s collaborate and explore how we can drive meaningful change in the industry together!
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