Credit Wise Capital is a digital NBFC platform that leverages a qualitative decision mechanism to disburse consumer loans with a seamless and hassle-free experience for 2-wheeler loan seeker. The company leverages an offline sourcing model along with a new age of online sourcing to become a market leader in a very short time. It aims to disrupt the 2-wheeler lending market by deploying the right blend of tech-driven underwriting with an utmost focus on collections.
Founder Aalesh Avlani is passionate about technology and finance, and looks after tech, product and fund raising. Avlani is also a passionate investor with investments in 70+ companies including Bharat Pe, Rentomojo, Pee Safe, Dukaan, Flobiz, Liquiloans, Hyperface and many more. He completed his graduation from Questrom School of Business, Boston University.
Mehul Dani: During 2022, how has your CRM system adapted to the changing business/technology ecosystem?
Aalesh Avlani: With increased competition, we focus on personalization to stand out from the competition. As we deal with sensitive customer data, CRM systems focus on data security and privacy to ensure compliance with regulations and protect customer data. With the increasing use of smartphones and mobile devices among our target segment customers, our CRM systems have had to adapt to a mobile-first approach to provide a seamless customer experience (CX) across different devices. Total downloads of our app are 35,000, its total active users are 24,000, total users paying EMI on app are 10,000, total users playing quiz & games are 20,000 and number of total loans disbursed through app are over 5000.
This story is from the May 2023 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2023 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
Better prospects for Swiss banking in 2024, says new study
The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
From Feet on Street to Fingers on Screen
Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:
Digitization embraces the senior citizens
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
Making of the most connected bank in Bangladesh
A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance: