Mahindra Finance launches SME fintech challenge
Mahindra Finance has launched a global SME challenge with KPMG and fintech matchmaking service Matchi.
Companies are invited to respond with a solution that fits any of the SME-focused categories listed below.
Balaji Rangachari, head of SME finance at Mahindra Finance, says the challenge is a “step towards finding existing solutions which we can adapt to improve our customer’s experience and solve their pain points”.
The three categories are:
- Real-time credit risk assessment: Mahindra Finance says the solution could include a built in learning model with pre-defined data points customisable as per requirements; and indicators to provide information on funding eligibility, sure rejects etc.
- Risk monitoring: This is to provide an early warning system to predict the increase or decrease in stress for an SME account. The solution could include input data comprising financial/non-financial parameters; and “possibly” use external data inputs such as regulatory portals, government portals etc.
- Cash flow management: The firm wants to help customers understand the investment and liability position. The solution could include the ability to predict cash and liquidity forecasts to cover deficit and investment needs; and personalised MIS reports and configurable dashboards.
The Mahindra Finance SME Fintech Challenge will close for entries on 14 November 2016 at 23:59 CET (Central European Time).
Firms can apply at matchi.biz/mf-challenge. Full details about the categories are on that site.
At the end of the challenge, shortlisted solutions will be invited to give presentations to the final judging panel on 28 November.
