Well for customers who are India bound, and are shopping for loans face an acute shortage of options. Most online banks claim to be award winning in terms of design. Unfortunately, most of them act as lead generators and nothing more. I have worked with one of them myself. Even third party loan comparers end up NOT making a commitment on the final loan and amount, because of
1) lack of credit assurance in India due to established credit ratings for individuals.
CIBIL is considered too young (< 5 years) and is the only credit rating agency.
2) lack of exposure to latest tools available globally online.
As the saying goes, Why risk being innovative , if you are already having respectable market share, and are meeting your annual banking bonus in India’s financial services sector - booming (till 2007) and now rapidly growing (despite the central bank’s rate raises).
Indian customers remain the most under leveraged in the world, have very low delienquency rates, have
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Tags:
comparing,
consumer finance,
India,
online banks
Some of you are aware that I write a cartoon series on my other site
Well a reader not too impressed with that, left me an hint . Two sites for help in creating cartoons are www.bitstrips.com and www.toondoo.com
They are both mighty fine sites, and probably will help with visibilty. I am however not ready to share my cartoon’s copyright yet (unlike the rest of the content on the website here , which pretty much Open Read the rest of this entry »
Tags:
cartoons
For people ever suspicious of cloud computing, this document should be an eye opener. For people open to scientific temper, this should really convince you of the potential of cloud computing .
http://s3.amazonaws.com/aws_blog/AWS_Security_Whitepaper_2008_09.pdf
For beginners , a definition to cloud computing can be viewed here.
And a good cloud computing blog is http://www.elasticvapor.com/ and a good cloud computing vendors are www.rightscale.com and www.gogrid.com , besides Amazon Web Services.
Tags:
cloud computing
What made you enter the online market space ? What prompted you to take up this present assignment?
There is tremendous opportunity in the Indian online market space. For instance buying flight tickets and shopping online was not popular a few years ago. Today people realize that transacting online can be safe, cheap, and can be done within a few seconds. Bankbazaar.com makes getting a great loan bargain as easy as buying an air ticket. Customers using our site will appreciate how much thought we have put into every little detail, which will make the process of applying and getting a loan a hassle free experience. It can help them save precious time and money. We expect a large percentage of consumers from channels such as bank branches and agents to migrate to BankBazaar.com .
Today there are a number of websites that claim to give customers instant loan rate quotes, when they actually just collect customer information and sell them to multiple banks and Direct Sales Agents. In such a scenario, we see a need for BankBazaar.com. Our innovative talent pool drawn from the world’s best colleges and companies are constantly seeking the best possible ways to offer an easier and faster online experience for customers.
I took up this assignment because my team is driving pure innovation in India. We are exploring options that no other financial marketplace in the world has ever attempted before and our goal is to build the world’s premier financial services marketplace (made in India).
What is different about BankBazaar for the customer ? What is different for a prospective employee ?
On BankBazaar.com the customer can instantly get customized competing offers from India’s leading Banks and NBFCs on our secure interface. We are the first neutral provider in the world to have innovated in partnership with leading financial institutions to provide this real-time offer capability. This information is Read the rest of this entry »
Tags:
banking,
India,
Internet,
interview,
startup
Chrome is not recommended by Google Custom Search. And not so hot with Flash !
Tags:
chrome,
google
1) What prompted you take a career in science, and what has been the reason you stuck to it, and been a success in it ?
I was doing mathematics for fun at a very young age when my friends were interested in sports, cars and movies. When I finished my master, I was approached by one of the professors to pursue a PhD program. It was in statistics (image analysis, bayesian clustering), and I thought that choosing statistics rather than number theory or numerical analysis would increase my chances of getting a job after presenting my thesis. At that time, my favorite subject was indeed number theory - I was even published in J. of Number Theory. After earning my PhD, I moved to Cambridge, then North Carolina, then the Internet industry - with a very interesting detour into finance and risk management / fraud detection between 2002 and 2005.
2) AnalyticBridge is the world’s largest network for analytic professionals ? What prompted you to build it, what were the critical milestones, and what is your vision for it ?
It is a convergence of multiple factors. The feeling that the startup I was involved with at that time wasn’t doing well, the fact that I had a large network (thanks in part to LinkedIn) and that I discovered Ning.com (while browsing recruiter networks) on February 16th, 2008 - the date AnalyticBridge was born. I decided to create and grow AnalyticBridge very fast, both through networking, quality content, and significant paid advertising. I hope that within 5 years it will be five times bigger in terms of members, and even more profitable
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Tags:
Analytics,
interview
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