Moneyboxx Finance appoints Vikas Bansal to drive AI and risk analytics

Moneyboxx Finance, a BSE-listed NBFC, appoints Vikas Bansal as Chief Risk Officer to drive tech-driven underwriting, AI and risk analytics.

Moneyboxx Finance provides small-ticket business loans to micro and small enterprises in Tier-III towns & below places. Bansal served as National Credit Manager – Emerging Business and Digital Lending in his previous role at TATA Capital.

Commenting on his appointment, Mayur Modi, Co-founder, Moneyboxx Finance, said, “In addition to continuous investments in technology, we have built a strong team and are excited to onboard Vikas Bansal as Chief Risk Officer. We have a robust and highly scalable business model which is powered by entirely digital process and risk analytics and have solid branch unit economics with negligible capex and reasonable operating costs. Vikas brings with him over 20 years of experience in the financial services industry, and he will be instrumental in further driving our tech-driven underwriting, AI and analytics initiatives.”, he added.

Vikas Bansal, Chief Risk Officer, Moneyboxx added, “MSME sector is a major contributor to the socio – economic development of the country and would be a key driver to achieve the $5 trillion mark for Indian economy. This under-served sector has immense potentials which can be unlocked through innovations in technology, data analytics and risk assessment. Moneyboxx Finance Limited commenced its journey with a mission to provide easy, cost efficient and technology driven financing solutions to micro enterprises, creating positive impact not only to an enterprise but the eco system around it. I am excited to join them in this journey and look forward to build robust, dynamic Credit Underwriting & Risk Assessment systems to bring operational excellence backed by technology & data analytics.”