CXO of the Week: Rachit Chawla, Founder & CTO, Finway

Your top priority while making decisions to improve tech infra in your organization?

At Finway, we always prefer a technology which helps us to deliver solutions to our customers as per their actual financial needs. Therefore, we always welcome technological innovations which remove all sorts of communication barriers between our customers/potential customers and representatives of Finway. Secondly, the technology must be customer friendly and finally, it should help Finway in reducing the turnaround time for loan disbursals. Consequently, all of our customers are delighted by our fast and customized services and we provide loans in a record turnaround time of 24 to 72 hrs.

Challenges you face in driving digital transformation?

So far we have not experienced any big challenge while transforming Finway into a digital NBFC because our people are very much receptive and tech-savvy. As far as our customers are concerned they have both the options, i.e., reaching to us through digital platforms or availing our services through conventional gateways.

Do you feel that freshers in the industry come with only basic knowledge but don’t have the right skills to fulfil job requirements? If yes, your suggestion to students and colleges?

I don’t agree, there are some freshers who are exceptionally brighter than the other ones. A lot depends on how they are trained and nurtured during the study and at the time of internship. For a good start in the industry, freshers must be persistent in making attempt and proving their skills, and right from the beginning, they must have definite career goals and purposes.

What’s your mantra to become successful in life?

My mantra of a successful life is pursuing the passion persistently in line with a clear vision and always focusing on the mission.

What would you like to give back to the society?

Inspiring the youths for entrepreneurial success and empowering the society with financial freedom and financial literacy.

Your favourite book and what are you reading now?

1. Million Dollar Habits by Brian Tracy

2. Built to sell by John Warrillow

What do you enjoy doing in your spare time?

Activities which I do in my spare time are reading books, work out in the gym, watching TED Talks on YouTube, and playing with my adorable son.

Achievements (Awards & Recognitions)

• Finway has won Excellence in Financial Product Branding Award by Indian Brand Convention & BAM Awards 2018

• His extraordinary leadership and technological skills helped Finway in winning the Excellence in Artificial Intelligence and Finance Award by Indian Start-Up Convention & Start-Up Excellence Awards 2018

• Due to his unparalleled entrepreneurial skills, Finway won the title as the Tech Company to Watch Out For BW Disrupt TechTors

Experience

Rachit has a cumulative experience of more than 10 years in the finance industry, including stock broking, lending, wealth management, and investment advisory. Prior to kick-start his entrepreneurship journey, he was employed with Intel Corporation at EMEA Headquarters based in Swindon (United Kingdom) as Pricing Analyst. But, the charm of corporate life couldn’t supersede his businessman spirit and he returned to the home country to shape his dreams.

First Job: Intel Corporation at EMEA Headquarters based in Swindon (United Kingdom) as Pricing Analyst

Education: Graduate in Business & Management from Aston University, Birmingham, U.K.