CFA Institute Live Webinars Presentation Recorded 31 Jan 2019
Machine Learning Insights: Digital MSME Lending, a disruptive game changer
India is home to about 55-60 million MSMEs (Micro, Small and Medium Enterprises). MSMEs play a lead role in generating employment and contributing to India’s GDP. But MSME’s lack access to formal credit. As a result, many of these companies operate well below their potential.
Banks and other financial institutions often deploy manual processes for sourcing, underwriting and servicing credit. These firms are therefore unable to service the credit demand that MSMEs have. Reports estimate that the MSME credit demand-supply gap to be about USD 350 Bn.
The proliferation of cashless transactions, GST and Smartphone penetration have built an alternate data trail for the otherwise thin-disclosure/filed MSME sector.
In this webinar, Shalabh Singhal, CFA, Co-Founder, ZipLoan will discuss how Digital MSME Lenders are using alternate data and ML(machine learning) to solve the “low credit supply to MSMEs” problem that India has.
The webinar will address the following learning outcomes. Understanding:
1. Size of the Digital MSME Lending opportunity in India and its impact on overall economy
2. Key enablers for the Digital MSME Lending ecosystem
3. Key Machine Learning applications (credit decisioning and beyond) in Digital MSME Lending
4. Popular Machine Learning models in Digital MSME Lending
5. Key risks and control measures in ML powered Digital MSME Lending
This is the archived version of a live webinar that took place on 31 January 2019.
About the Speaker(s)
Shalabh Singhal has close to 10 years of experience in Finance and building scalable technology products. He is Co-Founder of ZipLoan, a fintech NBFC incorporated in 2015 with a mission to provide Indian MSMEs an easy access to credit. Till date ZipLoan has disbursed close to INR 150 Cr in loans to over 3500 MSMEs in India across some 10 different cities. He previously founded Credence(2011-14), a CRM(Client Relationship Management) product company serving clients in Education, Finance, Hospitality, Health care and Real Estate sector. He started his career with Goldman Sachs(2009-10) as an Analyst in their Asset Management team. He completed his graduation in Electrical Engineering from IIT BHU and is a CFA Charterholder.
Shreenivas Kunte, CFA, CIPM, is a director of professional learning and advocacy at CFA Institute. In this role, Mr. Kunte contributes to thought leadership in the investment profession. He writes on investing topics in leading publications and represents CFA Institute at conferences and forums. Mr. Kunte serves as an external research scholar at the Indian Institute of Technology Bombay. Previously, he worked as the country trading strategist for Citi in Tokyo, Japan. He holds a degree in computer engineering from the University of Mumbai.