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i-lend in signs pact with Cove Venture

i-lend in signs pact with Cove Venture

Hyderabad, Nov 30 (UNI) City-based i-lend.in, one of the best performing company in the nascent Peer 2 Peer (P2P)/ Alternate Finance and UK-based Cove Venture entered into a strategic agreement. Under the strategic agreement, both firms will apply Artificial Intelligence, Deep and Machine Learning algorithms in the Indian Alternate Finance & P2P Lending industry to ensure more people in urban and rural India get access to credit at moderate interest. The Indian Alternate Finance and P2P Lending industry expected to grow over USD 20 Billion business in the next few years and the sector is experiencing rapid growth presently. The models will help improve the predictability by analyzing online, social and financial behaviour thereby enabling I-lend with significant accuracy. This predictability will help in pricing loans, opening up new segments and deliver better financial performance. Getting exclusive access to i-lend data helps Cove Ventures build cutting edge solutions across the fast growing finance eco-system in India. “This tie up will help building predictive, qualitative credit and e-KYC models along with our existing algorithms. It also enables us to better address financial inclusion in the urban space and bring a higher degree of transparency into loaning and lending operations and rationalise high interest rates being charged, i-lend Founder Shankar Vaddadyi told media here today. Cove Venture Founder and CEO Madhava Turumellae said “This partnership will improve our footprint in India and help us get excellent traction in the fast growing Indian financial space both from a conventional and new wave companies like I-lend. Exclusivity is critical because of the nature of the technologies and data involved and confident that these models will give a flip to the demonetization,” he added. UNI VV CS 1717

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Sensex ends up by 190 29 pts

11 Dec 2018 | 4:30 PM

Mumbai, Dec 11 (UNI) The BSE Sensex on Tuesday rose by 190.

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Gas trading hub to be set up soon to allow easy, ready access to gas suppliers: Pradhan

11 Dec 2018 | 4:13 PM

New Delhi, Dec 11 (UNI) Minister of Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said energy is a key driver of economic growth and thus, our Government’s focus has been to bring about transformational changes in the energy landscape of India to fulfill the twin objectives of energy justice and climate justice.

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Bullion Market closing rates

11 Dec 2018 | 4:12 PM

Chennai, Dec 11 (UNI) Following is the bullion markets
closing rate here today.

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ZAAP launches waterproof bluetooth speaker at Rs 1699/-

ZAAP launches waterproof bluetooth speaker at Rs 1699/-

11 Dec 2018 | 4:12 PM

New Delhi, Dec 11 (UNI) Innovative product maker ZAAP has launched waterproof bluetooth speakers 'Aqua'.

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TCS and Singapore Airlines launch new solution for airline industry to digitally transform ground operations

11 Dec 2018 | 3:48 PM

Mumbai, Dec 11 (UNI) IT major, Tata Consultancy Services and Singapore Airlines (SIA), the world's most awarded airline, announced the launch of the Intelligent Airline Operations (IAO) Solution, a first-of-its-kind operations management solution that will digitally transform airlines' ground services and operations control.

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