India gives this software an unusual job. Millions of people and small businesses have no credit history and no audited accounts, so banks long left them out. Digital lenders such as Bajaj Finserv, KreditBee and Kissht grew up lending to them through apps, reading bank statements and bill payments in place of a salary slip. At the same time, the world's credit bureaus, Experian, Equifax and TransUnion, run large engineering centres in Pune, Hyderabad and Bengaluru, and TransUnion CIBIL keeps the credit score that Indian lenders check before a loan.
For an engineer, lending work is data work as much as app work. A loan decision has to come back in seconds and still be explainable months later, every instalment has to be tracked for years, and the Reserve Bank of India's digital lending rules shape how borrower data is collected, stored and shared.
Lending and credit is one of the Industry Verticals of
The Market Segments follow a loan from the borrower back to the lender, through the decision that sits between them.
Apps that lend a small sum in minutes, sell credit at the checkout or pay for study abroad are here, like Bajaj Finserv, KreditBee, Kissht, Snapmint and Credila Financial Services.
A small business borrows against its sales, its property and its invoices from companies like Biz2X, Liberis, Yubi and KredX, and the firms that lease out machines and vehicles run on software from companies like Solifi.
Whether a borrower will repay is judged with the records, scores and decision engines of companies like Experian, TransUnion, Crisil, FICO and Perfios.
Indian banks, and the non-banking financial companies that lend without being banks, build their own apps and loan systems here, like HDFC Bank, Kotak Mahindra Bank, IDFC FIRST Bank, Piramal Finance and L&T Finance.
What lending and credit companies hire software engineers for, and which roles they hire, is on