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Sandeep Srinivasa Profile picture
Sandeep Srinivasa
@sandeepssrin
Building Credit Cards For 🇮🇳. https://t.co/wFq3Mw2XnK & Redux Credit Finance Pvt Ltd, @iitbombay, @proptiger, @tradusindia. Proudly #MakeInIndia
Mar 26 • 13 tweets • 3 min read
Something is VERY WRONG at @AxisBank credit card.
One of my cards was used for a fraudulent txn at Uber Eats Canada.
Card was reissued - suddenly fraudulent txns on new card WHICH I DONT HAVE YET.

Investigation SAK 0000 233 6061 raised at Axis Bank. They REFUSED to investigate. They said we cannot raise this complaint.
Cos it didn't go through. If it happens again after u receive it and u lose money..tell us.

Technically @AxisBank is at fault here

This is @Visa /@Mastercard" Automatic Biller Service/Updater" issue.
May 20, 2021 • 6 tweets • 2 min read
Shots fired.

Crypto notwithstanding, @ravishnaresh has landed on the singular reason for credit imbalance in India.

Only banks have unfair access to cheap capital, which they don't lend.

Here's the other non-crypto, more-digestible solution for the RBI:

Open up bond markets. But, let's take the crypto argument forward. For argument's sake, how will this work?

Create a smart contract that "debt investors" around the world can deposit their crypto into. Let's say at LIBOR rate (using a LIBOR "crypto Oracle").

That I can use to lend.
Jan 3, 2021 • 7 tweets • 2 min read
#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.
Nov 22, 2020 • 9 tweets • 3 min read
#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.