Syntellect Profile

India continues to be one of the strongest growth stories in the region. India’s urban transformation represents a huge opportunity for domestic businesses to provide capital, technology and planning know-how. Fulfillment of this growth and expectations requires financial support in the form of loans. Loan decision making process in India is still highly skewed in favour of salaried professionals.

Syntellect was founded in 2010 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.

Backed by strong technological expertise, Syntellect’s proprietary algorithm – RightProfileTM addresses the primary issue faced by MSMEs and individuals alike, lack of financial access.

Currently, the size of India’s online loan market is INR 4,500 crores. This is estimated to grow at the rate of a staggering 90% - almost INR 9,000 crores. Tapping into this huge opportunity is RightProfile™ - a customer profiler and loan decision support system that aids in data capture and assesses, in-depth, a customer’s profile for loan readiness thereby virtually eliminating the challenges of
  1. Misguided loan eligibility
  2. Inaccurate borrower representation and
  3. Credit exclusion.
RightProfileTM evinces an exhaustive backend technology platform for both the formal and informal segment making it the first one of its kind in the industry. It is an end-to-end assessment and underwriting tool for both these segments. 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. The detailed report suggests how much loan can be given after assessing the customer holistically and not just on prima facie documentation so it is also a loan decision making tool.

RightProfileTM is industry agnostic and is customised for each enterprise, depending on their requirements and is a part of their online system. Syntellect is currently working with a leading housing finance organization.

Backed by a strong team that has in depth market knowledge and domain expertise along with understanding of the Indian MSME customer, Syntellect’s collective team experience spans the MSME, mortgage, technology & finance space. J. S. Salunkhe, ex-Chairman of LIC and LIC housing Finance is its founder Chairman. Sumedha Salunkhe Naik, 18 years of retail risk experience, is the CEO & Founder. Ashutosh Bishnoi, current MD & CEO of Mahindra Mutual Fund, is an advisor to the team.

Copyright 2012. Syntellect.