LENDINGPOINT
“ AT LENDINGPOINT WE PROVIDE UNSECURED PERSONAL LOANS FOR CONSUMERS ACROSS THE CREDIT SPECTRUM , MANY OF WHOM ARE PEOPLE THE MORE TRADITIONAL BANKS DON ' T PAY ATTENTION TO . BANKS ARE VERY GOOD AT GIVING MONEY TO THOSE WHO HAVE MONEY - WE FOCUS ON SERVING THE PEOPLE WHO NEED MONEY ”
Banks are very good at giving money to those who have money - we focus on serving the people who need money ,” commented Kasibhatla .
By combining technology and proprietary algorithms , they are driving a better lending and borrowing experience by finding more reasons to say ‘ yes ’ to their customers and are now serving hundreds of thousands of people . LendingPoint also works with small business and merchant point-of-sale lending solutions to further unlock access to affordable loans .
Digitisation with a human touch Kasibhatla , who focuses on all aspects of technology from development , support , data science , and analytics , pointed out that as a relatively new company , LendingPoint has the added advantage of being cloudbased from the beginning so there has been no legacy architecture to wade through .
“ We were founded by people who believed in big data and using nontraditional data to determine people ' s creditworthiness and we have always been a cloud-based company which has been an advantage for us ,” said Kasibhatla .
“ We have never had any infrastructure on the ground and started out as a purely digital experience . But one of our interesting twists is that we also talk to consumers over the phone and listen to their challenges and try to solve them . I like to think of this