Right Profile an exhaustive technology enabled underwriting platform creates an ecosystem between the lender and the loan seeker through customer profilingMumbai, July 01, 2019… Syntellect, one of the emerging fintech players, founded by dynamic woman entrepreneur Sumedha Salunkhe Naik with the objective of giving every deserving customer financial access and every discerning loan giver the ability to underwrite and take an informed decision in loan disbursement, has joined the Department of Science & Technology, Govt. of India sponsored Cultiv8 Accelerator program. Syntellect through its flagship product “Right Profile” is part of the cohort along with 10 other start-ups. Cultiv8 Accelerator Program acts as a catalyst to all the 11 startups in their Go-To-Market for their next stage of growth.Backed by strong technological expertise, Syntellect’s flagship product RightProfile™ addresses the primary issue faced by unbanked, new to banking and new to credit micro enterprises and individuals alike being segment averse lenders coupled with traditional one size fits all underwriting approaches which leaves them on the periphery of financial inclusion.RightProfile™ evinces an exhaustive backend technology platform for informal segment making it the first one of its kind in the industry. It is an end-to-end assessment and underwriting paltform for this customer segment. It helps the lending institution by providing a scientific case assessment at the customer acquisition stage and reducing the overall acquisition cost. It provides them an eco-system for rationalizing risks. RightProfile™ is loan end use agnostic and is customized for each enterprise, depending on their requirements and is a part of their integrated lending system.Mr. Kaarthick Balakrishnan, founder, Cultiv8 Accelerator Program said, “Start-ups like Syntellect are going to immensely benefit being part of Cultiv8. Participation in the program comes with advantages such as getting industry experts to help them fine tune their existing businesses, build a compelling GTM strategy, positioning their brand for improved visibility and industry connects. It is extremely encouraging that women entrepreneurs like Sumedha who operate in a very niche field of fintech with highly sophisticated AI backed platform such as Right Profile are coming forward and are a part of the cohort. I am confident that Syntellect will gainfully benefit from this 6-month programme that is focussing on the scale and growth oriented activities beyond just funding.”While commenting on the association with Cultiv8 Accelerator Program, Sumedha Salunkhe Naik, CEO & Founder, Syntellect, with over 20 years of retail risk experience “It’s my proud privilege to be part of Cultiv8 Accelerator Program Cohort 1. We couldn’t have asked for a better partner, mentor and guide in our growth journey. I am confident that we will be able to leverage immensely with our participation in the program and help us fulfil the gaps and challenges to scale up. India continues to be one of the strongest growth stories in the region.”Syntellect has created over 14000 Right Profiles so far for prominent lending institutions.The company has been hired as consultants by International Finance Corporation for one of their financial clients on affordable housing. Given their expertise in this space, Syntellect is well-poised to understand and profile the low-income customer segment.About SyntellectBacked by a strong team that has in depth market knowledge and domain expertise along with understanding of the Indian micro enterprise customer, Syntellect’s collective team experience spread over 50 years spans the MSME, mortgage, technology & finance space. Late J S Salunkhe, Chairman of LIC and LIC housing Finance is its founder Chairman and Ashutosh Bishnoi, current MD & CEO of Mahindra MF, is an advisor to the team. Isaac Nadar is the technology lead and Harshad Salaskar heads product and client engagement.About Sumedha Salunkhe Naik, CEO & Founder, SyntellectSumedha is a retail lending expert and has been in the lending & mortgage industry for 20 years and has worked with some of India’s prominent enterprises such as HDFC, India’s largest housing finance company. This 10 year stint was a defining time in her professional career. Here, she recognized the challenges faced by non-salaried people in securing a loan. This coupled with her experience in navigating and knowledge in managing sheer volume of transactions at HDFC, was the genesis of RightProfile™ in 2014. Sumedha has been recently awarded as the "Fintech Woman Entrepreneur of the Year - BW Women Entrepreneur Awards 2019".She is one of the few women entrepreneurs in the financial technology space in India and firmly believes that “You are always greater than the circumstance”. It is this belief that has led her to democratize RightProfile™ as an enterprise productFor more information please visit:
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