Funny conversation with a celebrity on lending:

Celebrity: Mani, I know you are in the Financial Services Industry. I have a doubt. 
Me: Yeah. Please tell me, Sir.

Celebrity: I have got a message from a bank for a personal loan
Me: Yeah. We often get promotional messages. That’s common, Sir.

Celebrity: I know that’s common. What’s uncommon is, I got a message stating, “Thank you for banking with us. We have a special personal loan offer of Rs 15,000 from XXX Bank. Click here to grab the offer.” Should I grab this offer or not? (he is laughing at me)
Me: Wrong message to you. Sometimes it happens, Sir 🙂

Questions we should ask the Financial Institutions:
1) Why would a celebrity get a Rs 15,000 loan offer? 
2) At what level is customer profiling taking place?
3) What kind of data is used for profiling?

What other questions do you have?

Follow me on Linkedin as a new post on digital lending drops at 11 am daily! #manispeaksmoney

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