Interview: Ms. Shivani Tayal, Co-founder of Lark Finserv-a fintech startup

An interview with Ms. Shivani Tayal, Co-founder of Lark Finserv-a fintech startup

In this insightful interview, we delve into the visionary work of Ms. Shivani Tayal, Co-founder of Lark Finserv. This dynamic fintech startup is transforming the lending landscape by offering streamlined, accessible Loans against Securities (LAS) through its innovative platform.

Ms. Tayal’s leadership and forward-thinking strategies are at the forefront of this revolution, promising to reshape financial accessibility for individuals and businesses alike.

Can you tell us about the inspiration behind founding Lark Finserv and what gaps in the lending ecosystem you aimed to address?

Shivani Tayal: The inspiration for founding Lark Finserv emerged during the COVID-19 pandemic, a time when many individuals and businesses faced significant liquidity crises despite holding valuable securities. It was a stark realization that, even with assets in hand, people were struggling to access the funds. 

This disconnect between asset ownership and liquidity was a critical gap in the financial ecosystem, and it highlighted the urgent need for a digital framework for loans against securities.

How does Lark Finserv differentiate itself from traditional lending institutions in providing Loans Against Securities (LAS)?

Shivani Tayal: Borrowing from traditional lenders is a daunting experience for most of the borrowers. Complicated forms, lack of transparency, and the need for in-person visits can make the process feel overwhelming. This is where Lark Finserv truly shines.

Our platform is built with the user in mind, offering a seamless and transparent experience from start to finish. We have reduced the approval times from days to minutes. Borrowers can apply for loans from the comfort of their own homes, office or any location using our interface.

We’ve removed the need for physical paperwork, replaced it with completely digital journey, and provided clear, upfront information about terms and conditions. This level of convenience and transparency is something that traditional lenders have struggled to match.

How do you ensure the security and privacy of users’ financial data on your platform?

Shivani Tayal: We at Lark, implement strong encryption protocols to protect data as it travels between the borrower’s device and our servers. Regular security audits and vulnerability assessments are conducted to identify and mitigate potential risks.

We secure all APIs used on our platform with strong authentication, rate limiting, and secure communication channels.

What role does technology play in enhancing the efficiency and accessibility of your lending services?

Shivani Tayal: Technology plays a pivotal role in transforming and enhancing the efficiency and accessibility of lending services.

Technology automates many of the manual tasks involved in loan processing, such as data entry, document verification, and credit checks. This reduces human error, speeds up the approval process, and lowers operational costs.

Digital platforms and mobile apps make lending services accessible anytime, anywhere. Borrowers no longer need to visit physical branches; they can apply for loans, check their status, and manage repayments from their devices.

Technology has enabled us to reach borrowers in remote or underserved areas where traditional banks do not have a presence.

How do you see the landscape of fintech evolving in the next few years, and where does Lark Finserv fit into that vision?

Shivani Tayal: The fintech landscape will witness rapid evolution over the next few years, driven by advances in technology, shifting consumer preferences, and increased regulatory oversight. Personalization and customer experience will continue to drive fintech innovation.

Lark Finserv shall continue enhancing its digital platforms with AI-driven personalization, user-friendly interfaces, and seamless customer journeys. By focusing on innovation and customer satisfaction, we will remain competitive in the ever-evolving market.

What future developments or features are you excited about for Lark Finserv, and how will they impact your customers?

Shivani Tayal: We will soon be launching an asset-backed card, offering a seamless and secure way for our customers to leverage their digital assets while enjoying the convenience of a card-based solution. As the financial landscape evolves, we are committed to staying at the forefront of innovation and lending against all forms of digital assets.

Ms. Shivani Tayal’s pioneering efforts at Lark Finserv underscore a significant shift in the lending industry. Her commitment to making financial solutions more accessible through technology highlights the potential for fintech to drive meaningful change.

As Lark Finserv continues to innovate, Ms. Tayal’s vision will undoubtedly shape the future of financial services, making them more inclusive and efficient.

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