About the Episode:

We are not able to reach out to the bottom of the pyramid because it's not economically viable to do so. However, with India Stack, technology can enable greater access. Join Hrushikesh Mehta as he chats with Sanjay Jain on one such piece of the India Stack - Open Credit Enablement Network (OCEN).

About the Guest:

Hrushikesh Mehta is a Fellow at iSPIRT and Chief Evangelist, CredAll. He is responsible for driving the awareness and adoption of standardized Application Programming Interfaces (APIs) that facilitate digital lending. The APIs are called the Open Credit Enablement Network or OCEN. There are many lending processes that have not been uniformly automated. OCEN's APIs standardize these so that ecosystem players like loan service providers (LSPs) and lenders can work together to create all-digital lending flows over the life cycle of the loan without needing custom integrations. All-digital loans reduce the cost of acquisition and hence enable cash flow based lending (sachet sized finance) which was previously unviable when manual processes were involved.

Prior to  this Hrushikesh was responsible for building all aspects of ClearScore’s online credit and insurance market place business in India. In a career spanning 20 years – a majority of which were spent at TransUnion CIBIL - Hrushikesh has held leadership positions across product development, sales, marketing, operations, credit risk and vendor management. Prior to TransUnion CIBIL, he has worked with Quantum Equity Advisors where he actively participated in the fund raising process, United Shippers Limited where he was responsible for high-profile client interactions, Citigroup Private Bank where he recommended investment strategies for high net worth individuals, and Osram Sylvania Inc, USA. He also had a previous tenure with CIBIL.

Hrushikesh has a degree in Business Administration from Bryant University (USA) and a post-graduate degree in Management from Indian School of Business (Hyderabad).

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