Part 3/11:
Harish underscores that through advanced data engineering, M Pocket has been able to process over ₹15,000 crore worth of loans and serve a substantial youth demographic—about 10% of India’s young population—making it one of the largest loan providers in the country by transaction volume.
Challenges with the Traditional Approach
Some key limitations include:
Reliance primarily on credit bureau scores, which are inadequate for underserved populations.
High operational costs.
Inability to provide rapid, personalized decision-making.
The Role of Data Engineering in Modern Lending
Sep emphasizes that a foundational, integrated data ecosystem is critical. He advocates for:
- Eliminating data silos by integrating all repositories into a single, unified platform.