Organizers of the Iran Lend Tech event announced at a press conference that the Lend Tech Map will be unveiled. They stated that the two-day event, scheduled for August 7-8, will clarify and outline the frameworks of this sector in Iran.
According to Iran digital economy annotation, Reza Ghorbani, a board member of the Innovation Committee at the Tehran Chamber of Commerce and co-founder of Rahkar, introduced the Chamber as a spiritual supporter of the Lend Tech event. He emphasized the need for such an event by referring to the extensive advertising seen on billboards, radio, and television, stating that the topic of microfinance has become widespread in the country, making this an opportune time to discuss it.
Maziar Nourbakhsh, Chairman of the Transformation, Innovation, and Efficiency Committee at the Tehran Chamber of Commerce, supported Ghorbani’s comments and added that the Chamber strives to support various associations. He also noted that the Chamber serves as a platform where private sector representatives can have closer access to decision-makers. Efforts have been made to discuss Lend Tech issues in committee meetings, including dealing with Central Bank regulations and other challenges faced by Lend Techs, aiming to share the views of industry players with the Central Bank.
Mina Vali, Vice President of Rahkar, mentioned that the preparations for the Lend Tech event began a year ago. A list of companies, banks, PSPs, and payment facilitators was compiled, identifying around 100 businesses in the sector. She described the Lend Tech event as an effort to bring together both major and minor players in the industry.
Reza Jamili, the event’s secretary, highlighted the unveiling of the Lend Tech Map as the most significant achievement of the upcoming event. He noted that Lend Tech presents a new opportunity for those who missed out on e-commerce in the early 2010s and that Lend Techs offer significant potential for the country’s digital economy. With 50 content sections planned, the event aims to enhance networking and create synergies between businesses and consumers. Jamili also anticipated that Lend Tech would evolve into a lifestyle, significantly impacting economic, social, and cultural spheres, with no business remaining untouched by Lend Tech in the near future.
Data monopolization was another topic discussed. Ghorbani mentioned that some entities still view data as their exclusive property and are reluctant to share it. Currently, there is only one credit rating agency with an exclusive license from the Central Bank, and Lend Techs are often directed to use this agency for credit ratings. Ghorbani observed that Lend Techs are now less concerned with customer credit ratings due to having their own data, though they sometimes receive warnings to rely solely on the official credit rating company.
Meisam Soleimani, Content Manager at Rahkar, emphasized that users should take credit ratings seriously, treating them as valuable assets. He noted that 64% of those with good credit ratings had either not paid their installments or were late in doing so, suggesting that if Lend Techs do not address this issue, they may face a downturn.
Ghorbani concluded that the formation of the Lend Tech industry in Iran would be the most significant achievement by next year and promised that the Chamber of Commerce would support this effort.
The event, organized by Rahkar Innovation Factory, will feature Lend Tech industry players such as Manisa, DigiPay, Wepod, Ertebat Farda, Abank, Kipa, Lendo, Vensi, Aghsat Market, Evam, Matin Khodro, and Alo Gesti. Additionally, universities including Amirkabir, Tarbiat Modares, Sharif Industrial, Allameh Tabatabai, and Iran University of Science and Technology will also participate.
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