Dvara Solutions

Dvara Solutions is excited to share an opportunity for an AI/ML Engineer to join our team at the new 'Centre for Artificial Intelligence for Financial Inclusion', located at IIT Dharwad. 👩💻 Role: AI/ML Engineer 📍 Location: IIT Dharwad, Karnataka 🔍 Experience: 4+ years (with at least 2 years in ML/AI) 🎓 Qualification: Bachelor’s in CS/Data Science/Mathematics or related 🤖 Focus Areas: Gen AI, ASR, NLP, Chatbots, CV Why This Role? Engage in AI projects with real impact on financial inclusion. Collaborate with experts from IIT Dharwad. Access to innovative technologies, including our flagship "Perdix". Be part of an inclusive and growth-oriented team. We're Looking For Solid experience with ML algorithms and Python. Familiarity with cloud platforms like GCP/AWS. A bonus if you have experience with ASR, NLP, Chatbots, CV. Strong analytical and problem-solving skills. Offerings Meaningful work in financial empowerment. Continuous learning and career growth. Competitive salary in a dynamic setting. Interested? Know someone who'd fit right in? Tag them or reach out directly! Please send your resume to raju.ramanathan@dvara.com Amar Momaya #Hiring #AIMLEngineer #DvaraSolutions #IITDharwad #FinancialInclusion #TechJobs #KDEM

Dvara Solutions is excited to share an opportunity for an AI/ML Engineer to join our team at the new 'Centre for Artificial Intelligence for Financial Inclusion', located at IIT Dharwad. 👩💻 Role: AI/ML Engineer 📍 Location: IIT Dharwad, Karnataka 🔍 Experience: 4+ years (with at least 2 years in ML/AI) 🎓 Qualification: Bachelor’s in CS/Data Science/Mathematics or related 🤖 Focus Areas: Gen AI, ASR, NLP, Chatbots, CV Why This Role? Engage in AI projects with real impact on financial inclusion. Collaborate with experts from IIT Dharwad. Access to innovative technologies, including our flagship "Perdix". Be part of an inclusive and growth-oriented team. We're Looking For Solid experience with ML algorithms and Python. Familiarity with cloud platforms like GCP/AWS. A bonus if you have experience with ASR, NLP, Chatbots, CV. Strong analytical and problem-solving skills. Offerings Meaningful work in financial empowerment. Continuous learning and career growth. Competitive salary in a dynamic setting. Interested? Know someone who'd fit right in? Tag them or reach out directly! Please send your resume to raju.ramanathan@dvara.com Amar Momaya #Hiring #AIMLEngineer #DvaraSolutions #IITDharwad #FinancialInclusion #TechJobs #KDEM

We're happy to announce our participation in the upcoming Microfinance HR Conference hosted by Sa-Dhan Association, the oldest and largest National Association for #Microfinance in India. This event is set to take place on 28th February at Hotel Westin, #Chennai, and aims to unite #HR thought leaders and practitioners from across the microfinance spectrum. The conference will serve as a platform for HR professionals from NBFC-MFIs, SFBs, MFIs, Non-Profit organisations, Banks, and experts nationwide to engage in meaningful discussions on the Microfinance industry. Our colleagues Madhusudhanan Srinivasan, Group CTO of Dvara Group, and Huma T., CHRO of Dvara KGFS, will also be sharing their insights as speakers at the event. Furthermore, Dvara Solutions will showcase our AI-powered tool, #Sarathi (https://lnkd.in/dxFvFuX5), at the conference. Developed at the Dvara Solutions Centre of AI for Financial Inclusion at Indian Institute of Technology, Dharwad, India, Sarathi combines advanced #AI with real-world solutions, targeting the specific needs of rural India. Make sure to visit our booth on Feb 28th to experience a demo of Sarathi and how it can assist your operations better. See you there! Vijay Chand Manoj Tolani Avisha D'Souza Ashwin M S #Microfinance #HRConference #SaDhan #DvaraSolutions #FinancialInclusion #AI #Sarathi #Networking #MicrofinanceIndustry

This week, in our co-lending series, we spotlight the innovative solutions that are simplifying #colending operations and shaping its future. Some of them include: #ArtificialIntelligence for #FinancialInclusion: In our exploration of co-lending's technological evolution, a critical question arises: Can and will AI support and transform the lending business in India? AI and Machine Learning (ML) are already making significant strides in reshaping risk assessment and decision-making processes. By sifting through extensive data, these technologies are enhancing credit profiling and risk assessment, leading to the development of personalized loan offerings. This not only broadens credit access for underserved communities but also marks a leap in customer service and operational efficiency for NBFCs. A prime example of this transformation is the #Sarathi tool (know more here: https://lnkd.in/dxFvFuX5) , developed at the Dvara Solutions Centre of AI for Financial Inclusion at Indian Institute of Technology, Dharwad. Designed to cater to the unique landscape of rural Bharat, Sarathi offers vital support in local languages, drastically improving service delivery. For customer-facing NBFCs, tools like Sarathi signify a new era of engagement, allowing for more effective service personalization while streamlining operations and cutting costs. Dvara Solutions believes that AI's impact spans the entire lending lifecycle, revolutionizing how products and processes are designed. From initial loan application to final disbursement and beyond, AI's capabilities promise not only operational efficiencies but also an expanded reach in financial inclusion, fundamentally changing the lending landscape in India. #Blockchain Technology: By leveraging blockchain, co-lending platforms can ensure unparalleled security, transparency, and efficiency. Blockchain's unalterable record ensures a secure tamper-proof transaction history, fostering trust among all participants. #APIs and Digital Platforms Enhancing Co-Lending: The financial sector's transformation through API integration marks a significant evolution in service delivery, making APIs currently a well-versed tool among banks, NBFCs, and fintech firms today. Their role in facilitating seamless data exchange has become crucial for interoperability and efficient collaboration across the financial ecosystem. Coupled with the advent of #digitallending platforms that utilize APIs for seamless integration, this synergy is streamlining co-lending operations. What are your thoughts on the role of technology in transforming co-lending, do share below? -- Missed the earlier posts in the series, check below: "Unpacking Co-Lending: A Strategic Avenue for Financial Inclusion" - https://lnkd.in/d4qn5fKP "Integrating Co-Lending in Today's Financial Ecosystem" - https://lnkd.in/dCbdCGr4 "Tackling Key Challenges in Co-lending" - https://lnkd.in/dtb5bPQu Vijay Chand Amit Shah Manoj Tolani Amit Shukla #ColendingSeries

Our series on co-lending continues with an examination of the operational challenges within the model that must be overcome to maximize its potential. Risk Management and Compliance Central to co-lending's operational challenges is ensuring robust #riskmanagement and strict #compliance with regulatory standards. The partnership between traditional #banks and #fintech or #NBFCs requires a unified approach to credit risk assessment to uphold loan quality and adhere to the Reserve Bank of India (RBI)'s regulations. Balancing innovation with regulatory compliance is essential for the sustainable success of co-lending initiatives. Legacy Issues and System Compatibility Another significant operational challenge is the integration of traditional banks' legacy systems with modern fintech platforms. Legacy systems often lack the flexibility needed for seamless interaction with the advanced, technology-driven processes of fintech companies, leading to potential inefficiencies in data sharing and loan processing. Ensuring system compatibility while maintaining security and operational efficiency is critical. Data Security and Protection The importance of data security and protection cannot be overstated, especially when handling sensitive customer information. Co-lending operations must prioritize rigorous vulnerability testing, robust data encryption, and effective data storage solutions to safeguard against breaches, thereby building trust and ensuring compliance with #dataprotection laws. Cost Implications The initial and ongoing costs associated with establishing co-lending partnerships—spanning technology infrastructure, regulatory compliance, and data security—are substantial. These financial barriers can be particularly challenging for smaller NBFCs and fintech firms, making it imperative to find cost-effective solutions to participate in co-lending agreements. Additionally, the time required to operationalize engagements between parties—due to the need for system compatibility and process alignment—can be extensive, further adding to the cost. Transaction Transparency and Reconciliation A crucial aspect of co-lending operations is ensuring that both parties have a clear and transparent view of transactions, underscored by the need for automatic #reconciliation. This includes functional reconciliation, covering balances, settlements, and other financial aspects, as well as technical reconciliation regarding transaction counts and data accuracy. Implementing systems that provide real-time insights and automate these reconciliation processes is vital for maintaining trust, accuracy, and efficiency in co-lending partnerships. --- What do you think are the critical operational challenges when it comes to co-lending? Do share your thoughts/insights in the comments. Vijay Chand Amit Shah Amit Shukla Manoj Tolani #CoLending #FinancialEcosystem #DataSecurity #FintechInnovation #FinancialInclusion #DvaraSolutions #Fintech #CoLendingSeries

In our ongoing series on co-lending, we tackle some critical questions regarding its role in the current financial landscape. This post highlights how #colending is seamlessly woven into the fabric of today’s financial ecosystem, illustrating its impact on business operations and its ability to cater to the nuanced demands of consumers. The Co-lending Model in the Modern Financial Landscape In our fast-evolving financial landscape, co-lending stands out as a unique blend of the reliability found in traditional banking and the innovative agility of #fintech and #NBFCs. This model taps into the strengths of both sectors, combining banks' extensive capital with NBFCs' flexible, customer-focused approaches and last-mile reach. This integration is crafting a more inclusive financial system, offering efficient, effective and tailored credit solutions to previously underserved communities. How does co-lending benefit SMEs and MSMEs specifically? For #SMEs and #MSMEs, which often encounter obstacles in securing credit, co-lending has become a vital lifeline. This collaborative model between #banks and NBFCs facilitates faster access to competitively priced loans, aided by advanced analytics and #AI, driving not just operational sustainability but also fostering growth and innovation across the business spectrum. How does co-lending interact with Priority Sector Lending (PSL)? In the fabric of co-lending's integration into today's financial ecosystem, its relationship with #PrioritySectorLending (PSL) stands out as a massive opportunity. It plays a crucial role in amplifying the impact of PSL, which mandates that specific sectors like agriculture, MSMEs, affordable housing, and education receive sufficient financial support. In November 2023, Scheduled Commercial Banks allocated INR 23.36 lakh crore to MSMEs under PSL (RBI FSR), demonstrating that this substantial investment signals a vast opportunity for co-lending to innovate and grow within the financial ecosystem, marking a pivotal evolution in #financialinclusion efforts. Q: What opportunities does the co-lending model present? By leveraging the strengths of both traditional banks and agile fintech firms, co-lending can ensure that the vast resources earmarked under PSL are utilized in the most impactful manner. This scenario presents a new era of growth and opportunity for co-lending platforms, allowing them to expand their reach, improve their product offerings and customise their solutions to meet the unique credit needs at the grassroots. -- The co-lending model's evolution over the years reflects its adaptability and significant growth potential within the financial ecosystem. Its role in enriching PSL, combined with tech innovations in the fintech sector, positions co-lending for substantial expansion. We invite you to join this conversation to share your thoughts and insights as we build on this series. Vijay Chand Manoj Tolani Amit Shah Amit Shukla #DvaraSolutions #CoLendingSeries

Over the coming weeks, Dvara Solutions is thrilled to present an in-depth series on co-lending. We'll explore the nuances, tackle the challenges, delve into the tech infrastructure, and share insights from industry experts, shaping a comprehensive view of this evolving sector. Our opening piece, "Unpacking Co-Lending: A Strategic Avenue for Financial Inclusion" offers an insight into how co-lending is reshaping the financial landscape. 1. The Regulatory Landscape The Reserve Bank of India (RBI) has been pivotal in shaping the co-lending model (#CLM). In 2020, the RBI revised its co-lending framework, allowing all #NBFCs, including Housing Finance Companies (HFCs), to form co-lending agreements with #banks. This significant policy shift enhances operational flexibility and regulatory compliance, ensuring customer protection and adherence to KYC and AML guidelines. This regulatory evolution paves the way for innovative lending solutions, benefiting a broader customer base. 2. Co-Lending: Tapping into Synergies Co-lending, a collaboration between banks and NBFCs, harnesses their combined strengths. Banks' liquidity and NBFCs' agile lending practices together offer accessible, affordable financial products. This is especially beneficial for the #MSME sector, which, according to the UK Sinha Committee report of 2019, faces a significant credit gap of between Rs 20 and Rs 25 lakh crore. This strategic partnership allows banks to reach new market segments, while NBFCs access more affordable capital. The arrangement ensures competitive interest rates and a robust grievance redressal mechanism. Additionally, India's digital infrastructure advancements like #UPI, e-KYC, and Account Aggregators further enhance the model's success. 3. The Expanding Digital Lending Market The #digital #lending market in India, worth 270 billion USD in 2022, is on an impressive growth trajectory and it is expected to reach the 350 billion USD mark by 2023. This growth is a testament to the increasing demand for digital financial services, making co-lending an even more vital model for financial inclusion. 4. Addressing Systemic Challenges Co-lending's growth is not without its challenges, especially concerning the integration of banks' legacy systems and differing accounting standards. #Fintech solutions like middleware platforms are crucial in overcoming these hurdles by facilitating seamless integration and efficient data exchange between banks and NBFCs. As the digital divide in India narrows, co-lending is poised to be a key driver of economic growth and credit demand. Its success relies on ongoing collaboration between NBFCs and banks, and efficient and effective middleware solutions that seamlessly bridges the gap between market players that propel them forward. #CoLending #CoLendingMarket #FinancialInclusion #DigitalLending #Fintech #MSMESector #DvaraSolutions #CoLendingSeries Vijay Chand Amit Shah Amit Shukla Manoj Tolani

Madhusudhanan Srinivasan will discuss HBD's emerging role in AI and Agritech as a promising location for Global Capability Centers. Drawing on Dvara's experiences, we'll explore how HBD can capitalize on its strengths to meet global tech demands. #Dvara #DvaraSolutions #AI #ArtificialIntelligence #AIforFI #IITDharwad #Sarathi #Agritech #Techceleration2023 Karnataka Digital Economy Mission (KDEM) Dvara Holdings IIT Dharwad Indian Institute of Technology, Dharwad, India