At Bonova Advisory we interview C-suite, Thought Leaders and Experts on latest trends within Banking and Finance. This week I had the pleasure of interviewing Atul Tandon, CEO of Opportunity International
Thank you so much for doing this with us! What is your “backstory”?
I was born in Delhi, India and came of age during the 1960s and ’70s, when India was considered a “developing country.” I was fortunate to observe the nation emerge from a struggling economy with endemic rural poverty, a moribund industrial sector and crippling foreign debt to a global leader with a thriving domestic economy, the green revolution changing India’s agriculture sector, a burgeoning middle class, and a world class technology sector complementing a strong industrial base.
The first in my family to obtain a business degree, I pursued a career in global financial services, first in India and then in the United States. Over the twenty-year period I saw banking go from clearing houses to e-commerce, cash to ATMs, and punch cards to biometrics. All this has led to a profound respect for people with passion and powerful ideas; strong, productive collaborative teams; and the propelling force of market-driven economies.
At age 40, I felt compelled to leave Wall Street and go back to serve the people I had “left behind” — the poor: helping create opportunities for them, enabling them to follow their own ideals of success, as well as to experience the fullness of life that God promises to all.
Today, I am privileged to serve Opportunity International, a global nonprofit microfinance network that helps those living in poverty start businesses, earn a living and emerge from poverty. Earlier this year, we celebrated achieving our goal of creating 20 million jobs for the poor — two years earlier than planned!
What do you think makes your company stand out during these disruptive times? Can you share a story?
Our commitment to disruptive innovation. Since 1971, Opportunity International has sustained innovation-driven growth. We are constantly developing, constantly learning, constantly testing, constantly iterating, constantly thinking of how we can better serve our clients.
Several years ago, we started serving clients through ATMs and mobile banking vehicles in rural communities. From there, our team introduced mobile money, making financial inclusion possible through a simple mobile phone as well as tablet computers. Micro insurance was born at a desk in our Chicago offices. Today the microinsurance company we built and sold to a giant private insurer, has over 56 million policies worldwide, and is growing at more than a million policies/month. Its insured customers, for the most part, are people living on less than $10 a day. Talk about scalabale innovation!
Can you share what you believe will be the “Top 5 Fintech and Banking Trends Over the Next 3 Years” (Please share a story or example for each)
Can you please give us your favorite “Life Lesson Quote”?
Margaret Mead once said, “Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.”
You are a person of great influence. If you could inspire a movement that would bring the most amount of good to the most amount of people, what would that be? You never know what your idea can trigger. 🙂
The movement already has begun: a shared striving to see an end to extreme poverty in our lifetime. No one should go to bed in a hungry world today! Everyone can earn enough to afford nutritious food, shelter and education for their children. The data tells us that we have made terrific progress. The number of extremely poor has fallen from one out of three people living in poverty in 1990 to now less than 1 in 10 do. Per the World Bank, putting our shoulder to the wheel, we can get to zero by 2030. The last mile is just ahead of us. Let us push forward!
Originally published at medium.com