Sumit Somani

Vice President

Sumit previously headed fraud risk management at Paytm & then at Paytm Payments Bank for over 5 years. As part of his previous role, he successfully built the department from scratch and grew it to over 250 members in the 5 years. He oversaw development and execution of fraud prevention initiatives across multiple businesses, built a customer centric support team to help users and developed state-of-the-art systems to detect and prevent fraud. Prior to his stint with Paytm, he was previously a management consultant at Mckinsey & Company for about 2 years. He has worked with multiple organizations in shaping and supporting execution of their sales growth, cost optimisation, profitability growth and operational efficiency across a diverse set of sectors. Priot to that, Sumit interned with Google where he worked on developing analytics product for Google workspace, their integrated suite of cloud-native collaboration and productivity apps.

Sumit completed his MBA from IIM Ahmedabad, where he graduated 3rd in a class of 400+ students and was awarded the Director’s Merit List award. He holds a B. Tech with Honors in Computer Science and Engineering from IIT Bombay. He had also won gold medal for India in International Chemistry Olympiad held at Moscow (2007).