Alternative credit scoring space in India, CreditVidya, has appointed Arun Amarnath, former Head of Fullerton Innovation Labs as VP - Product and Risk. He comes from Fullerton India, with a background in unsecured retail credit analytics.
In his previous role, Arun headed the Innovations Lab and Digital, within the unsecured retail lending business. Arun brings to the table a strong understanding of how big data, AI and machine learning can address the existing challenges in the industry across the customer life-cycle.
Abhishek Agarwal, Co-founder and CEO of CreditVidya commented, “The appointment has been made at just the right time in our journey. Our alternative data-based underwriting platform has earned its place as the industry gold standard, being 2X as powerful as traditional credit bureau scores. I feel this is the right time to scale up the business and bridge the wide gap in access to formal credit, globally. Arun’s demonstrated expertise in digital transformation and advanced analytics will play a key role in developing a strong product roadmap for the firm, which will transform the retail lending ecosystem from end-to-end.”
CreditVidya is working in the unsecured retail credit underwriting space, with over 40 public and private sector banks and NBFC partners. The company uses AI and machine learning, to underwrite new-to-credit customers, reduce delinquency, prevent fraud and cross-sell and up-sell credit products.
Image Source- interview Desk