Sale Date Ended
HSBC India aspires to build a “smart scoring” platform that considers all financial, judgemental, alternative, market, critical and non-financial parameters while evaluating a startup for debt funding. By launching ‘SYNC Challenge’ we are taking a collaborative approach keeping in mind both financial and nonfinancial parameters to create a real-time evaluation scorecard that will help us in taking a fast & right decision for lending or Debt financing.
“Build a financial model to evaluate startups for debt financing”
A one-size-fits-all approach may not work for Indian startups, especially when it comes to lending. Traditional lending parameters may not work while evaluating the startups in a right and independent manner because they have no business model and valuation. So why shouldn't the startups be evaluated for debt investment similar to equity investments?
We are on the hunt for startups who have created or are working on a platform that utilizes advanced machine learning algorithms and uses historical data which can automatically build, validate and deploy high-performing risk models. These models need to be compatible to be instantly integrated into HSNC’s existing credit scoring process. Once the model is created and validated, it should be ready for scoring calculations & real-time predictions.
HSBC may own its discretion, choose to partner with the startups who propose the winning ideas post the presentation on pitch day. The expectation from the winner will be to come up with the modeling platform that can be deployed for POC.