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spocto, the world’s leading debt support and risk mitigation platform, is excited to announce its strategic partnership with KisanServ, a prominent AgriTech company based out of Pune, for the deployment of spocto’s AI driven multilingual voice bot ‘Bhaasa’. Through Bhaasa, Kisanserv would be able to communicate across different languages in real-time with thousands of farmers … KisanServ partners with spocto to deploy ‘Bhaasa’: a voicebot that communicates in regional dialects

We’re constantly exploring new ways to push the boundaries of what’s possible with AI, using ChatGPT as a foundation to unlock new use cases and applications that we’ve only begun to imagine.

It is becoming something of a post-pandemic mantra in India: A lender whose portfolio of unsecured retail loans is not increasing by 50% annually is not trying hard enough. All kinds of bank and non-bank lenders are heaping credit on household balance sheets even though the consumer economy is fragile. A tiny minority is in … Repayment collection in India is a new field of tech innovation

India’s booming digital lending business is stoking demand for a new breed of startups that are aiming to build -a platform that can be used to collect loans – and, in future, insurance premiums – anywhere in the world.

It is becoming something of a post-pandemic mantra in India: A lender whose portfolio of unsecured retail loans is not increasing by 50% annually is simply not trying hard enough. All kinds of bank and nonbank lenders are heaping credit on household balance sheets even though the consumer economy is fragile: A tiny minority that … Tech Is Collecting Loans It Helped Create

This is becoming the mantra in India post-pandemic: A lender whose portfolio of unsecured retail loans isn’t growing 50% annually is simply not trying hard enough. Banks and non-bank lenders of all kinds are adding credit to household balance sheets, even though the consumer economy is fragile: a small minority who can afford luxury goods … Tech is collecting the debt that helped build it

यह भारत में महामारी के बाद का मंत्र बन रहा है: एक ऋणदाता जिसका असुरक्षित खुदरा ऋण का पोर्टफोलियो सालाना 50% नहीं बढ़ रहा है, वह पर्याप्त प्रयास नहीं कर रहा है। उपभोक्ता अर्थव्यवस्था कमजोर होने के बावजूद सभी प्रकार के बैंक और गैर-बैंक ऋणदाता घरेलू बैलेंस शीट पर क्रेडिट का ढेर लगा रहे हैं। … भारत में चुकौती संग्रह तकनीकी नवाचार का एक नया क्षेत्र है

Needless to say, collection platforms have taken giant strides to ensure a seamless flow of information to platform users and borrowers. Thanks to personalized content and user-friendly gateways, integrated and digital platforms have persuaded existing and potential customers of the platform to engage with the collection agency.

Despite credit growth reaching new heights, debt collection has remained an archaic process. While AI-led innovations by collect-tech startups promise to revolutionise the space, both banks and non-banks are loath to cede control of their collections machines.

Breaking through the glass ceiling in the male-dominated sector, women are revolutionising the financial ecosystem through the adoption of technology