Fintech company EarlySalary.com, a mobile-based firm that gives instant credit, has appointed Vivek Jain from Infosys as its new CTO. He will be based in Pune and lead the technology initiatives for the start-up.
EarlySalary had appointed Vimal Saboo of Edelweiss group as chief business officer earlier this month. This is the second strategic hiring by EarlySalary.com.
Prior to joining EarlySalary, Jain was the principal architect at Infosys and lead core banking and financial services automation and technology development and implementation.
EarlySalary.com, the Pune based company offers loans ranging from R10,000 to R1 lakh in 10 minutes.
Digital underwriting, social algorithm and machine intelligence enables instant decision making at EarlySalary. The company is also building real time payments and loans disbursal systems.
Jain said fintech was the most innovative and disruptive space in the country and is poised to change the way banking happens in India.
“EarlySalary is investing in building a strong technology layer to power real-time payments & loans, that will be leveraged by real-time decisions linked to social media based analytic,” he said.
Jain will be responsible for building real-time automation in underwriting, decision systems & payments layer.