![]() Here’s what it’s like to spend a day in Shazia’s life. That is what motivates me to get up and go to work every day.” “It’s personally rewarding for me to see the effect of my work through customer testimonials, and hearing stories about how we’ve helped people get through the toughest financial situations in their lives. “We’re helping to democratize financial wellness for millions of Americans, and improve their credit health,” said Shazia. The role involves setting the strategic vision for the firm’s credit services unit, which primarily provides customers with guidance and recommendations on credit and financial wellness. Last April, she was promoted to GM of credit services. ![]() Having been a part of Credit Sesame for almost seven years now, Shazia has worn many hats at the firm. This allowed her to witness the evolution of the company and to grow alongside it. At that time, the company was only five years old, with around 30 to 40 employees. Three years later, Shazia’s fintech experience enabled her to join Credit Sesame’s business development team. So in 2012, she decided to pivot into the fintech world by joining Intuit Mint as a marketing manager, and helping customers with financial tasks like budgeting and paying their bills on time. But at the end of the day, her role involved “making wealthy people wealthier”, which didn’t sit well with what she felt was her personal mission, and the reason why she joined financial services. It was a good foundational opportunity for her to learn about how financial markets work. ![]() I learned a lot very quickly, and realized I wanted to empower people – like my parents and like myself – to fully understand the financial system and how it impacts not just immigrants, but millions of Americans who deserve better financial opportunities.”Īfter graduating from college, Shazia became a wealth management advisor at Ameriprise Financial, helping clients with their assets and investments. “Going to college, I had to take out my first student loan, and really figure out what borrowing and debt was all about. “Growing up in that environment of not being able to do some of the things that my friends were doing, and seeing my parents’ struggles of paying bills, and just having enough to go out on family vacations and things like that – it really gave me the motivation to educate myself on the financial system,” said Shazia. ![]() After moving into a new country, a lot of their early struggles stemmed from limited awareness and knowledge of the financial system. Her parents immigrated to the US from Tanzania, East Africa, in the 1980s. She developed an interest in financial services at an unusually young age. The Chinese government refuses to allow Ant Media to speak to Western media outlets which only serves to fuel speculation about a type of social control straight out of Orwell’s 1984.Īnt Media claims that it simply evaluates an individual’s spending habits through the Alipay system and combines this data with traditional measures of creditworthiness such as keeping up with payments on credit cards to produce a blended credit score.Shazia Virji has been in fintech for over a decade now. It’s difficult to tell whether Sesame Credit is simply a system that incorporates online and offline data to create credit scores or is part of something more sinister. What you need to know about Sesame Credit. It has been described as part compliance mechanism, part financial credibility indicator. The American Civil Liberties Union (ACLU) argue that with social credit-scoring services like Sesame Credit, the Chinese government is using modern technology such as social media and electronic purchasing data to construct a tool of social control. Where have you heard about Sesame Credit? Users with higher scores can access a range of benefits including VIP reservations with hotels and car rental companies. Sesame Credit is a Chinese social credit-scoring service developed by Ant Financial, part of the Alibaba family of companies that also includes Alipay, a third-party payment app with 350 million users. US30 US Wall Street 30 (USA 30, Dow Jones)
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