In our last blog of this series, we explore how fintech innovations are streamlining debt collections using tech solutions to improve efficiency and borrower experience.
Hey Himanshu not too many that have been documented well in the Indian context. You can check out Credgenics for one. https://www.credgenics.com/collaterals
"Tech innovations have the potential to enhance efficiency for lenders by up to 22%."
I am assuming that the innovations mentioned here includes analytics, communication and the use of LMS to manage legal steps.
Is there a case study that can tell us the impact that AI/ML and analytics has in this process?
Hey Himanshu not too many that have been documented well in the Indian context. You can check out Credgenics for one. https://www.credgenics.com/collaterals
I'll share some more soon.
Check out some work Setu did with Small Finance Lenders around the integration of Digital payments for collections.
https://blog.setu.co/articles/a-story-of-annapurna-finance-s-most-successful-digital-strategy
https://setu.co/case-studies/ujjivan/
Hey Vinith!
Thanks a lot for sharing these. I really appreciate it! :)