Micro-banking solution company based on the Blockchain platform, Finance Blocks has onboarded Dipender Bhamrah, Dy. General Manager at Jio Platforms as new Product & Technology Advisor.
According to Finance Blocks, Bhamrah with over a decade-long experience in complex digital products & platforms has an inspiring vision for building large-scale blockchain products in finance & retail domains.
As the blockchain industry moves ahead blockchain solutions are taking over the mainstream headlines. “However, few critical issues still restrict the socio-economic growth in the world today. And, to ensure this overall growth, urban & rural parts of any country must be in sync in terms of technological & economic progress. This is exactly where transcending blockchain-based fintech solutions come into play,” the company said in a statement.
Speaking over his appointment, Dipender, who also brings valuable experience in fintech, blockchains & API/SDK-based products, said that “Finance Blocks is well placed in the market today – by creating the right product, identifying the right business processes to serve the under-served, and building key partnerships to ensure the availability of apt solutions.”
Through its comprehensive features, the company aims to bridge the rift between rural financial lenders & rural populations. While Adding more insights into the current RFI situation & how Finance Blocks brings a product-market fit, Dipender said, “Providing financial services in the rural sector is a challenge today, especially due to the state of rural economic activities, socio-economic dependencies & vulnerability to multiple risks. Hence, developing an inclusive & sustainable rural financial ecosystem is essential & requires ground-level understanding for which the company is well-positioned.”
Dipender, is currently building blockchain products at Jio R&D. “Blockchain creates an ecosystem for these RFIs, who currently use legacy or no software for their consumers and create digital business processes to improve credit access to serve the unbanked/underbanked, bringing trust, transparency & affordability,” Dipender said.
According to Dipender, 2022 will be when Finance Blocks will transcend RFIs operational workflow & unlock credit for its consumers.
