Navi To Expand Tech Team By 30% In 2024
Today, Navi took another significant step towards its mission of making finance simple, affordable and accessible for millions of Indians. The company announced its plan to scale its tech team by 30 per cent by 2024. This expansion will enable the team to enhance its lending, health insurance, UPI and mutual funds services, and explore new product lines.
As a part of this mandate, a batch of engineers hired through Navi’s campus recruitment programme will join the company in June 2024, with further hiring via multiple channels planned throughout the year.
A Navi spokesperson said, “As we prepare for the next stage of our growth, scaling our tech team by 30% becomes one of the strategic and a pivotal step in achieving our milestones. The expansion of our team fuels our ongoing mission to simplify finance for a billion Indians and deliver a seamless experience for our customers through the Navi app.”
Navi plans to boost its tech team to create significant improvements to its tech stack. The team will focus on advanced technologies like Generative AI, Alternative AI/ML, and Big Data capabilities to improve credit underwriting, increase underwriting volumes, detect fraud, and enhance customer support, quality assurance and sales processes.
