Collaborating Authors


Deep Dive: How Anuj Kacker Of MoneyTap Uses AI/ML For Financial Inclusion


Lending by Fintech, startups have added new dimensions to the financial intermediation process and has boosted financial inclusion, especially by helping borrowers. The Fintech lending industry is constantly innovating and is set to grow to $100 billion by 2023. Also, a growing number of non-financial startups such as Ola and Mi are trying to become lending players as well. To know more about this industry and for this week's Deep Dive, Analytics India Magazine got in touch with Anuj Kacker, COO and Co-Founder of MoneyTap. Bangalore-based MoneyTap was launched in 2015 and is currently available in 44 cities in India.

Artificial Intelligence revolution in lending: Hype or reality? - The Economic Times


By Ashwini Anand When virtually everyone claims to use "artificial intelligence", "big data" or "machine learning" to "disrupt"/ "revolutionize" one industry or the other, I would not blame you for being sceptical about the much-touted AI revolution in Fintech. But, before you throw the baby out with the bathwater, let us delve a little deeper and understand if there is a real problem in lending and if AI can help solve it. Is there really a problem in the banking system? Banks and financial institutions, with some notable exceptions, are struggling with bad loans. According to India Ratings the average Impaired Asset Ratio - the sum of gross NPAs and restructured advances (a measure of the stress on a lender's balance sheet) stands at 12% of advances and is slated to rise to 12.5%.