“Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India. The need is massive with less than 45% of Indian adults included in the credit bureau and less than 10% borrowing from a financial institution in the last year, as per the World Bank.” said Darshan Shah.
Economic Times India | LenddoEFL appoints Darshan Shah as Managing Director, India & South Asia
KOLKATA: Singapore-headquartered fintech company LenddoEFL has appointed Darshan Shah as managing director, India and South Asia, effective April 16.
In his new role, Shah will be responsible for growing LenddoEFL’s footprint in India and South Asia as well as bring more financial institutions in the region on board as clients who would be using LenddoEFL services.
Shah comes with close to two decades of experience in the credit information industry. He has worked with large organisations like TransUnion CIBIL and Equifax (Canada) in leadership roles. His last role was as director (credit services) at Experian.
PRWeb | LenddoEFL Deepens Commitment to Financial Inclusion in India with New Leadership
LenddoEFL, a Singapore-based fintech company powering data-driven decisions for financial services, has appointed Darshan Shah as Managing Director, India and South Asia. Darshan is a credit bureau veteran and he brings close to two decades of experience including credit reporting, scoring, analytics and technology.
“Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India,” said Darshan Shah, Managing Director, India and South Asia. “The need is massive with less than 45% of Indian adults included in the credit bureau and less than 10% borrowing from a financial institution in the last year, as per the World Bank.”
Three ways alternative data will become more mainstream in 2018
Overseas lenders can develop credit scores based on mobile and web data
FICO uses LenddoEFL’s credit scoring model overseas, which includes email, mobile and web data to assess of thin-credit file consumers in overseas markets. This is the technology behind FICO’s recently launched X Data Score in India, which generates a score based on a consumer’s mobile and digital footprint, including email data. FICO also has a traditional score in India as well.
Are You a Credit Risk? Indian Banks Dig Deep in Your Phone to Find Out | Wall Street Journal
Reaction from Mahindra Finance: this merger will help FIs reach out to a billion Indians for their lending needs
" Lenddo & EFL both are global pioneers in using non-traditional data, be it social, mobile or psychometric evaluation. Their coming together opens up new frontiers of collaboration with financial institutions that will help financial institutions to reach out to a billion Indians for their lending needs across customer segments."
- Tina Singh - Chief Digital Officer, Mahindra Finance.