The Impact Of Technology On Mobile Money Lending Segments
Rahul Sekar, Co-Founder and CTO, Shubh Loans
An aspiring entrepreneur, Rahul is endeavouring to build the next generation technology & analytics platform to bring responsible credit to the underserved.
India always had relationship with driven banking and lending. To open a savings account in the State Bank of India, one still needs `an introduction from a respectable person / a customer of the branch . The local auto garage only gets loans from the neigh-borhood bank, if the branch manager knows the proprietor personally. This seems like a great mitigant of risk. With NPAs soaring, this seems like a reasonable strategy to control bad loans. However, this is only a false comfort. Most of the NPAs come from large accounts greater than INR 1 Crore. What this relationship driven finance has done is that it has made credit very exclusive. Credit cards are seen as a luxury when it needs to be a necessity like mobile phone and in
Finance Technology - Now A Global Impact?
Manav Mehra, Director Finance, Ericsson India
Manav is prolifically skilled in vendor management, finance management, receivable accounting, business analysis and financial analysis. He gives some precious insights on
The world around is changing rapidly. Businesses no longer can be conducted in the same manner they have been in the past. Some of the factors which are influencing businesses today are
1. Globalized Companies Nowadays businesses are no longer competing with only companies in their country. The global enterprise has become a reality and businesses can no longer operate in isolation
2. Global Geopolitical Environment Global events can no longer be ignored. Unlike the past when business only concerned themselves on local decisions, today no global event can be ignored. A recession in America is a significant event in India directly affecting businesses. Price rise of a commodity in China would affect businesses in India
Empowering SMEs: How Technology Is Reshaping The Digital Lending Space
Sandeep Anandampillai, Founder & CPO, Crediwatch In his two decades long career, Sandeep has worked with Diamond Services, Nous Infosystems, Oracle Corporation, ThoughtWorks and Schneider Electric, and even founded two companies Minoty Solutions and Crediwatch.
The last decade has seen rapid technological advancements, mostly driven by the internet and smartphones. The influx of sophisticated technologies such as artificial intelligence, machine learning, IoT and Big Data is further drivingthe digital journey. This in turn has resulted in a proliferation of data. According to industry estimates, 2.5 quintillion bytes of data are created every day and the pace is accelerating. International Data Corporation s (IDC) projections suggest that the global datasphere will grow from 33 zettabytes in 2018 to 175 zettabytes by 2025 (1 zettabyte is equivalent to a trillion gigabytes). The data explosion has benefitted se