Profile Feature: Credy Champion Chahat!

Chahat

Journey before Credy:

This is my first job. While I was in college, I started studying about Android in the second year, and I enjoyed it so much that, after that I was unstoppable. 🙂 I took various courses in Android like Google Certification course and received Associate Android Developer Certification by Google. It was a bit difficult because I was given just 2 days to complete an entire project, but it was really useful and gained a lot of knowledge after completing it. Like many others, I was not much interested in college lectures and was working towards making a career in Android Development. Placements in college were difficult for me because we were not having many companies which were offering Android Developer position. And then came Credy & rest is history.

How Credy?

Credy was one of the companies which came for placement in our college and was providing 6 months internship, which was a mandatory part of my B Tech in IIIT Vadodara. I was quite happy after listening about Credy and liked the work they do. And finally, there was someone who was offering a position of Android Developer.

Interview experience & Thoughts before joining Credy

I was quite nervous before giving the interview but with the friendly nature of interviewers, I was completely relieved.

There were 2 rounds of interviews. I liked the friendly and supportive nature of the interviewers. They helped me while I was answering the questions and gave me the confidence to speak freely. I was asked algorithmic questions and questions on Android ranging from the basics to very advanced.

I was sure to join Credy after my interview process because these guys were not only interviewing me but were also telling me where I was wrong, how should I work on it, etc. This gave me an idea about people I would be working with and thought that I will get to learn many things while working with them.

HR was also very supportive, and she was the one who answered all of my questions before joining and cleared my doubts.

1st Day in Credy

It was 1st Jan, starting of the new year with my career and it was quite good. I was introduced to everyone and then was given some initial work to understand the work atmosphere at Credy. I spent the whole day setting up my Credy Android App environment and reading the code. Gauthama was quite helpful in resolving my doubts.

Learning curve in Credy

Learning at Credy increases day by day. Every day you get to learn something new. The most helpful thing is mentors here reviews the code and give their inputs. Abhash Anand is the one who reviews my entire code and suggests changes which would be really helpful for the development process.

Journey/Experience in Credy

I Joined Credy as an intern and it was a very good experience as I got to work on a Production Level software. There are different challenges that you face while your software is in production. But facing these challenges and overcoming those, is the time when you really become a Software Engineer. After completing 6 months of internship I got an offer for permanent employment with Credy.

Myntra of life/work:  Whatever you do, do with all your heart

Favourite part of my work is: Gradle build running

Work I dream of one day doing: Becoming CEO of the company

 

Team Outing!

Over the past several months, our team had been working hard without break. Finally, we decided to take a day off and go for a team outing.

Being the coordinator for this event, I was entrusted with the task of identifying a cool place for the outing – a place where we can lazily chug beers, play some sports, and also relax by the pool. I searched few good places, enquired and took feedback from my fellow colleagues and finally chose the Guhantara Resort, which is built a bit differently, in caves. It was around 40 km from our office.

We gathered at the office in morning and boarded the minibus from there. Few of us wanted to enjoy the thrill of bike riding, so we drove to the venue on our Royal Enfields. But the busy traffic of Bangalore will never disappoint you 😛

IMG_20180901_175828Most of our Bangalore team in one frame

We reached the resort at around 9 AM. As everyone was hungry we rushed to the dining area and had a tummy-full breakfast. There was an inordinately high turnout of visitors when we visited, it almost felt like a wedding buffet!

Guhantara offered cricket and football for the enthu guys, a dance floor for the party animals, continuous supply of beers for the beer bellies, and all sorts of other activities.

For a while, we all played cricket, football, archery, and even did horse riding. Few of us roamed around and explored caves – the caves are maze-like and if there are no other visitors around, it would have been a Bhulbhulaiya, you could get lost easily 😛 Post 3-4 hours of outdoor games, as most of us were tired, we chilled near the swimming pool chugging beers and enjoying waterfall view. As beer went in, stories started coming out, which brought crazy smiles on faces around.

IMG_20180901_123508Ops guys are Rockstars!

Then hungry faces started looking for lunch and we had lip-smacking food.

As soon as we finished lunch, we all could hear loud music of DJ, and we could not stop ourselves from going into rain dance. Everyone was dancing insanely and enjoying the music beats. John, from our customer support team, was the man of the hour – people picked him and jostled him in the air.

After the rain dance, our ever-energetic Operations team dove head-on into the pool! We spent the evening relaxing in the water, doing chit-chat and clicking pictures.

IMG-20180911-WA0007

It’s pool time!

IMG_20180901_145238Being forced to sit up for a photo. People just want to lie on the lawn after lunch! 😛

Overall, the place was bit crowded but as the whole team was together, we enjoyed a lot. Everything there had its own charm whether it was the ambience, the food or the drinks.

On our way back in the evening, the bikers among us were greeted with gentle rain. It was a thrill to ride back on the Electronic City flyover, and finally, there was no traffic and just an endless empty road with the wind hitting our faces!

It was a very special and fun-filled day – we as a family came together to celebrate our hard work.

—-

Mili Bavariya

Credy

Digital Lending – Fintech & Bank Synergy Means Customer is the Winner

Lending without powerful tech is going to be like running a business without a website.

Indian lending market is growing fast and is expected to further pick pace. Consumption fueled by rapid economic development is a key driver of this growth. The consumer credit market is expected to double in the next 5 years. Think about it – one whole new India will be added in just the next 5 years! The enablers to service this market well and to fill the unserviced gaps are technology & mobile internet. Technology has the potential to disrupt the way credit is structured, delivered and consumed in India.

We give an exposure here of how we have leveraged technology to deliver a great experience to the customer. Ultimately, the biggest differentiator for a company is the differentiation that their customers experience and enjoy.

In this article, we focus on one of the most important pillars of lending automation – the fund transfer infrastructure.

Digital Lending Infrastructure

Before we go into the details, here are some issues that are faced by most lenders / fintechs today:

  1. Friction and delay in disbursal of funds due to manual involvement, banking holidays, operational errors etc.
  2. Friction and delay in auto-debit management
  3. Difficulties in real-time reconciliation of repayments from multiple channels
  4. Paperwork and risks involved in handling cheques, loan agreements etc.

A truly digital lender should have powerful technology systems that can transfer funds in real-time, reconcile repayments from multiple channels, have fully automated auto debit management and do away with outdated instruments like cheques (RBI has recommended doing away with cheques long time back) and wet signatures. Here is what infrastructure of a digital lender may look like:

Indian Digital Lending

Credy Approach – Customer Focused Automation

Our approach at Credy has been to build automation that directly benefits the end customer. We are happy to have a strong technology-driven banker in Yes Bank. Banking products of Yes Bank are innovative, robust and work well at scale.

Here are some places where we have used technology to improve customer experience:

  • No cheques – Cheques are avoidable and inherently risky instruments, susceptible to fraud that can cause huge loss to the customer. Cases of cheque fraud in lending are not uncommon.
  • Real-time fund transfer – You would be surprised at how many of the large NBFCs and banks still use NEFT for disbursing funds, even if they are below the IMPS limit. Our in-house loan management system moves funds in real-time backed by strong authentication.
  • Multi-channel repayments – Customers should have flexibility in choosing the mode of repayments. All major payment modes like auto-debit, payment gateway, wallets, UPI etc should be allowed.
  • Real-time reconciliation – It is a bad experience when the customer has to follow-up to get a receipt for their payment. We have real-time reconciliation of repayments via different payment channels. Yes Bank provides virtual accounts where even IMPS transfers can be reconciled in real time without having to manually attribute the transaction to a customer.
  • Auto debit management – Majority of the customers have funds on EMI dates. For this large chunk of customers, paying the EMI should be as simple as, well, doing nothing! Our auto-debit (NACH) system is fully automated – from signing mandates via eNACH to placing auto debits when needed to reconciling the repayments onto our loan engine in real-time.

These are just some of the examples of how a powerful technology infrastructure can deliver superior customer experience at scale as well as bring down risk, costs and turnaround times.

Role of Banks, Regulators & Government

Banks continue to play a critical role in enhancing the technological backbone of our financial system. Players like Yes Bank, RBL etc. actively work with Fintech startups in a synergetic manner. This helps Fintechs develop innovative solutions on top of APIs provided by the banks. All this ultimately helps the end customer.

It is also encouraging to see support from RBI, government, related bodies like UIDAI, NPCI etc in powering our financial system with the necessary technological infrastructure to serve another India that is going to be added in next 5 years.