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Tag: Manish Jain

  • Experian rolls out Grameen Score for rural India

    Experian rolls out Grameen Score for rural India

    MUMBAI: Scoring big in Bharat! Experian Credit Information Company of India has unveiled the Grameen Score, a fresh credit scoring model designed to make borrowing easier and fairer for India’s rural population. The move aims to bridge the gap between financial institutions and millions of rural consumers who have long remained outside the formal credit net.

    Aligned with the Government of India’s push for financial inclusion and the Reserve Bank of India’s efforts to widen access to credit, the Grameen Score helps lenders assess rural borrowers more accurately and responsibly.

    Developed with a deep understanding of India’s villages, the model considers unique rural financial patterns such as repayment behaviour on small loans, the types of credit typically used in villages and even migration trends between towns and cities. The score ranges from 300 to 900, making it simple for lenders and borrowers alike to understand.

    The Grameen Score particularly shines a spotlight on women entrepreneurs and self-help groups, helping them secure fairer loans and build stronger financial identities. For lenders, it translates into faster, data-driven decisions and a clearer picture of repayment capability.

    Commenting on the launch, Experian Credit Information Company of India  chairman Manish Jain said, “The Experian Grameen Score aligns with India’s agenda of inclusive growth. By helping institutions assess credit risk more effectively in rural areas, we are improving access to finance and building a more resilient and transparent credit ecosystem.”

    He added that the score reflects Experian’s philosophy of “innovation with purpose”, using data and analytics to enable responsible rural lending and sustainable growth.

    With this initiative, Experian aims to turn financial dreams in India’s heartlands into reality, one score at a time.

  • McKinsey pro makes atomic leap into venture capital

    McKinsey pro makes atomic leap into venture capital

    MUMBAI: Manish Jain has joined Atomic Capital as partner, swapping spreadsheets for seed rounds after nearly a decade at McKinsey & Co. The former associate partner at the blue-chip consulting firm will now hunt for high-conviction investments across India’s burgeoning startup landscape.

    At McKinsey Jain spent nearly four years as associate partner, following stints as engagement manager and associate. During his consultancy career, he advised leading conglomerates and high-growth businesses across logistics, e-commerce, industrials and technology sectors—experience that should prove valuable in his new venture capital role.

    Before donning the consultant’s hat, Jain cut his teeth at ITC, where he gained operational experience as assistant manager at the company’s second-largest food factory. There, he led a team of five functional heads managing a workforce of over 1,200 employees—reportedly becoming the firm’s youngest plant head.

    His relationship with ITC began during a summer internship in 2009, where he designed custom automation solutions that increased workforce productivity by 20 per cent at the company’s “ready-to-eat” food plant. The project impressed enough to secure him a pre-placement job offer.

    At Atomic Capital, Jain joins a firm that prides itself on backing founders “not just with capital—but with conviction, clarity, and company-building muscle.”

  • Experian report highlights Generative AI’s growing role in fraud attacks

    Experian report highlights Generative AI’s growing role in fraud attacks

    MUMBAI: Experian, has released its latest research, offering insights into how Generative AI (GenAI) is reshaping the fraud landscape. Conducted by Forrester Consulting, the study surveyed 449 senior fraud protection professionals across multiple countries, including India, uncovering a surge in fraud losses due to identity theft and the critical need for AI-driven security measures.

    The report highlights a shift from individual fraudsters to organised crime syndicates, with GenAI accelerating this transformation. In India, 85 per cent of businesses agree that GenAI has permanently altered the fraud landscape, making attacks more complex. The rapid industrialisation of fraud enables criminals to mass-produce deepfakes, synthetic identities, and large-scale scams. Alarmingly, 50 per cent of firms struggle to detect GenAI-driven fraud or quantify its financial impact. To counter this, businesses must implement AI-powered fraud prevention tools, adopt integrated security measures, and enhance fraud orchestration strategies to bolster detection and reduce costs.

    As fraud tactics evolve, businesses are recognising the need for external collaboration and advanced fraud prevention technologies. In India, 77 per cent of fraud decision-makers stress that partnerships with external organisations are vital for tackling fraud effectively. Additionally, 61 per cent support data-sharing consortia as an effective method for tracking emerging fraud trends. Encouragingly, 74 per cent of Indian firms report a positive return on investment from participating in such initiatives, underlining the benefits of collective action.

    The study underscores the importance of integrating diverse data sources into supervised and unsupervised Machine Learning (ML) models to enhance fraud detection. However, 48 per cent of Indian firms struggle with ML implementation due to a lack of training data, while 60 per cent cite poor data quality as a barrier. Developing in-house ML models is complex, making customisable, off-the-shelf ML solutions a faster and more effective alternative.

    Experian India country managing director Manish Jain commented, “At Experian, we are committed to staying ahead of emerging threats by leveraging advanced technology, data analytics, and industry consortia. Our ML-based tools, such as the Mule Risk Indicator, integrate traditional and non-traditional data points to help financial institutions identify and mitigate fraud. By promoting these advanced solutions, we empower businesses to navigate an increasingly complex fraud landscape while ensuring data security.”

    Experian EMEA & APAC chief operating officer Shail Deep, added, “The integration of ML-driven fraud prevention is no longer optional our research shows that 85 per cent of fraud experts believe GenAI has fundamentally altered the threat landscape, with over 52 per cent reporting increased fraud losses in the past year. Businesses must act now by adopting flexible, cutting-edge fraud prevention tools. At Experian, we remain focused on innovation, ensuring our technology continues to strengthen detection capabilities and create a safer digital environment for clients and consumers alike.”

     

  • Experian appoints Manish Jain as country managing director, India

    Experian appoints Manish Jain as country managing director, India

    Mumbai: Experian, a global information services company specialising in decisioning, data analytics, and technology has strengthened its senior leadership team with the appointment of Manish Jain as its new country managing director for experian in India. With a proven track record in driving business growth, fostering innovation, and leveraging technology, Manish brings a wealth of experience to lead Experian’s operations in the dynamic and evolving Indian market.  

    Manish Jain, a seasoned professional with an illustrious career spanning over two and half decades in financial services and technology, seamlessly aligns with Experian’s commitment to empower businesses and consumers with data-driven insights. Prior to joining Experian, Manish led transformative initiatives in global organisations, ensuring sustainable business expansion. With an exceptional ability to navigate complex markets and a keen understanding of industry trends, Manish is poised to drive Experian’s continued growth in India.

    As the former co-founder and CEO of Excelrate, Manish advised organisations on their growth strategies and implemented large-scale plans in the banking industry for the faster realisation of their revenue goals. Before Excelrate, he held leadership roles in the credit bureau industry for over 12 years, driving growth and earning recognition as a thought leader in the industry.

    Commenting on Manish’s appointment, Experian CEO, APAC, and EMEA Malin Holmberg said, “We are thrilled to welcome Manish Jain to augment Experian’s operations in India. We are confident that under his guidance, Experian will enhance its ability to provide market-leading solutions to our clients. His passion for leveraging technology to address business challenges aligns perfectly with Experian’s mission to harness the power of data to drive positive outcomes and transform lives.”

    “I am excited to join Experian and honoured with the prospects of partnering with the industry in shaping India’s credit eco-system, enabling individuals, businesses, and country’s aspirations. I look forward to leading the talented team at Experian to drive meaningful impact for our clients and the community at large,” said Manish Jain on his appointment.

    As the country managing director, Manish will lead Experian’s strategic initiatives, drive business growth, and cultivate strong partnerships with clients and stakeholders. His role will be instrumental in shaping Experian’s future in India, playing a crucial role in facilitating financial inclusion and empowering businesses and individuals.