35 Years + Experience in Business IT Solutions with focus in Banking, NBFC & Microfinance.
Rajeev has over 35 years of experience in Information Technology post his Engineering Degree from Birla Institute of Technology & Science (B.I.T.S., Pilani, India). Rajeev has deep domain knowledge of BFSI and Business Process Management having been involved in many innovations in the field of Banking Solutions starting from
Complete banking documents being linked to business processes starting from the Account Opening using Business Process Management Tool (Newgen’s OmniFlow).
Cheque Truncation Services – same day image based clearance.
Complete end-to-end Android based solution for customer acquisition for new account opening & loan processing
Fetching the Customers Identity Details, verification & validation based on Social Security Number (Aadhaar based eKYC in India) and other government Identity numbers like PAN (Income Tax Permanent Account Number)
Solution design for any Small Finance Banks & Payment Banks (wallet based payments)
Integrated Credit Bureau Checks for setting up control mechanism for banking frauds for Corporate & Mudra (Small – MSME) loans using Blockchain Technology
End-to-end Digital Financing – Micro Finance with no need of client to walk in to the branches of MicroFinance Institutes/ Small Banks for all kind of loans – Micro-lending: Joint Liability Group Loans, Self Help Group Loans, Individual Loans, Consumer Durable Loans, Water & Sanitation Loans, Emergency; and Education Loans for existing Loyal Clientele including Loyalty Programme
Complete Repayment Process of Loans both using cashless transaction (Clients’ Bank to Bank Account using Aadhaar-enabled Payment Services & NACH-Mandates (National Automatic Clearing House – standing instructions) and cash collection with complete control mechanism of fraud & risk mitigation process.
Set-up Internal Audit & Risk Management Process with data being captured on android mobiles/ tablets to evaluate the business quality processes deployed in the field and also automated the process for annual assessment for all the operations’ field force. The data is being used for data analytics and based on the outcome, the business processes are redefined and training needs assessed & modified to improve the business quality.
Complete Risk Control Mechanism Matrix being prepared for end-to-end business processes of micro-finance industry and how the most of the risks are mitigated and also identified the known risks vis-à-vis corrective measures to be taken.
Designing & prototype testing the solution for Life Insurance Corporation (LIC) for enabling them to settle the death insurance claims within 7-10 days due to automated business process and complete LIC policies being digitalized.
Rajeev also has good domain knowledge of Manufacturing, Retail and Geographical Information Systems (GIS) after having worked for Tata Motors, Siemens, Newgen Software Technology, Reliance Retail, Jindal Steel & Power (JSPL) & ESRI India (NIIT GIS) and managed large global SAP implementations as well.
He can be instrumental for consulting & designing solutions for Digital Financing, Manufacturing, Steel, Power & Oil Industry where SAP or any other core business application is in use and blockchain technology is required to be implemented for better digital signature control over cloud using Smart Contracts.