blog - Inkredo

blog

A collection of 28 posts

The three characteristic problems of a lender

The three characteristic problems of a lender

Lending is about finding a way to believe in repayments from the promises of ambitious borrowers. The way through is identifying the external, internal, and philosophical problems that a lending business is trying to solve.

What do micro-lenders want?

What do micro-lenders want?

I asked this question to each of our teammates for my assessment of clarity in communication. I knew I would fail miserably because I never had a simple answer to it. None of us had a simple solution. If it were simple, all of us would be speaking the same

Test Inkredo without signing up

Test Inkredo without signing up

Since we released Inkredo 2.0 [https://blog.inkredo.in/inkredo-2-0/] in the first week of June 2021, we have made a number of improvements to make it even more insightful. Here's a quick snapshot of all the updates since then. 15 new banks supported We are now analysing bank

NBFC collections: mixed revival

NBFC collections: mixed revival

Fitch Ratings observe that NBFC buffers are intact despite a decline in collections

Converting raw financial transactions into meaningful information

Converting raw financial transactions into meaningful information

An ML model that converts raw financial data from bank statements into meaningful descriptions; shows aggregated views of transactions from all entities involved.

How lenders can help mitigate GHG emissions to reduce climate risks

How lenders can help mitigate GHG emissions to reduce climate risks

FinTech companies are redesigning our current economic systems to make them more accessible to marginalised populations and make them more responsive to unforeseen negative events. Climate FinTechs are a subset of these companies; they ensure that the environment is a key stakeholder and that it gets a seat at the

Why Inkredo does not screen scrape net banking accounts

Why Inkredo does not screen scrape net banking accounts

Inkredo automates bank statement analysis. But in order to do this, our customers have to upload the bank statements themselves (either through our API endpoints or through our dashboard). Screen scraping can automate this step; a computer program (with our customers’ permission and log in details) can use bank credentials

Ethical implications of using browsing data for assessing credit worthiness

Ethical implications of using browsing data for assessing credit worthiness

This post doesn’t try to answer how browsing history can be used for assessing credit worthiness or how effective this method is. I assume it is possible and that it is accurate enough to be useful for lenders. Instead of answering the technical questions, I am trying to explore

Before taking a loan

Before taking a loan

The ultimate objective is to get the least expensive loan with fewest of restrictions. Yet achieving these objectives is not easy.

The Gift of a Loan

The Gift of a Loan

Questions to ask while lending to friends and family, and what it means for your relationship with them.

How to discreetly handle EMIs with recovery agents

How to discreetly handle EMIs with recovery agents

These are the prescribed RBI guidelines for authorised collection agents to connect with borrowers who have trouble repaying EMIs.

Winds of change in fintech lending

Winds of change in fintech lending

$700m+ of funding in pre-Series C lending cos. since 2018

Inkredo is selected for the 2020 cohort of Swiss Accelerator F10

Inkredo is selected for the 2020 cohort of Swiss Accelerator F10

Inkredo F10 participation

What is Bank Statement Analysis 101

What is Bank Statement Analysis 101

A detailed explanation of bank statement analysis — it’s past, present and future.

Interning with Inkredo as a Full Stack Developer

Interning with Inkredo as a Full Stack Developer

I was looking for Internship opportunities during summers after the end of my sophomore year in college, when I came across the Full Stack Developer profile at Inkredo on Internshala.

Emerging Gold Standard of Underwriting — Transactional data

Emerging Gold Standard of Underwriting — Transactional data

Rating agencies have been too charitable in rewarding ratings

Solving the conundrum of identifying lenders in a bank statement

Solving the conundrum of identifying lenders in a bank statement

If you were a wealth manager or a lender analysing hundreds and thousands of narrations in bank statements every month, what would be most common data points of your interest? * bank transfers * ordinary financing * tax payments * income and spending patterns * recurring transactions, and * days of non-sufficient funds (NSF) All play

Inkredo — What we actually do

Inkredo — What we actually do

During my conversation with friends, acquaintances and candidates applying for a job, I have come to a realisation that people have difficulty in expressing their understanding of what Inkredo is even after reading the blogs. Some people say that we are a data transformation company, some say that Inkredo is

Creating commercial edge from hibernating datasets

Creating commercial edge from hibernating datasets

Risk professionals, wealth managers and underwriters are in a race against time to stay ahead of the next unfavourable market shift. The good news is that there is an overwhelming amount of data available to mitigate risk today. But the increasing volume of data also presents a challenge. Rapidly converting

Why OCR-ing a bank statement is a bad idea

Why OCR-ing a bank statement is a bad idea

A lending company needs the answer to just one question when giving loans, “Will the borrower be able to repay the loan?”. Coming to a binary (yes or no) answer to that question involves a lot of work (both manual and automated). Lending companies go through various financial documents of

Modern-day challenges with document image analysis

Modern-day challenges with document image analysis

OCRs are failing at extracting all the useful data intended for analysis from user-generated images of documents

Credit gap of INR 8.33 lakh crore & untapped data on the horizon

Credit gap of INR 8.33 lakh crore & untapped data on the horizon

New fin-tech players addressing the structural issues of information asymmetry and reducing turnaround times for underwriting loans to emerging India with little or no credit history

Blood Pressure : Lab Report :: Credit Score: Bank Statement

Blood Pressure : Lab Report :: Credit Score: Bank Statement

New-age financial institutions are increasingly financing small enterprises based on cash flows instead of any collateral

The hiring process at Inkredo

The hiring process at Inkredo

India produces lakhs of engineers every year, and most of them know that coding is a sure shot way to get an impressive job. Hence hiring a programmer shouldn’t be difficult. But hiring a good programmer or figuring out how to hire a good programmer is extremely challenging. It

Designing a mobile-first financial tool for low-income geographies

Designing a mobile-first financial tool for low-income geographies

India is home to largest underbanked population in the world — 25% of the total underbanked people on the planet are in India. It’s a statement enough that existing financial tools in the market aren’t designed for those in the lower income group despite all the push by the