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#SundayMorningThoughts

My 2021 spyglass for Credit Cards in India:
Biggest challenge of 2020 for us @RedCarpetUp was - whom to approve.

Despite a 6 month loan moratorium + 3 mth supreme court lawsuit, we did 125% in issuance vs 2019, even after heavily constraining approval.
We consider our biggest success to stay firm on collections, without stepping into bad ethical territory - in the toughest moral hazard of the last 100 yrs.
We also launched our credit builder + BNPL-equivalent card. With our SME card waiting for regulatory approval.
Prediction for Regulatory unlock - we already have RBI approval for colending w/ direct assignment to unlock debt capital.
We have all SME credit cards being blessed as priority sector lending.

And have NPCI piggyback on PPI cards to cut out banks altogether.
Read 7 tweets
#SundayMorningThoughts

I have had a depressing day as we did a round of interviews for our machine learning positions
It was incredibly sad to talk to people who spent lakhs on ML courses to learn algos..and finally be shown AutoML

cloud.google.com/automl
The second thing that shocks them is the pricing of Cloud Vision for face recognition - $1 for 1000 images. Or GPT3 - about 30k INR per month. About an intern's salary.
@DataRobot costs less than a fresher data scientist for a year.

Companies will follow the money.
In this world *today*, where is the career ? Where is the money?
developers.google.com/machine-learniā€¦

"Even with all the resources of a great machine learning expert, most of the gains come from great features, not great algorithms"

P.S. AutoML does features too :(
Read 9 tweets

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