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By Puja Srivastava

spocto Score: The Innovative Solution for Smarter Risk Management and Debt Recovery

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Staying ahead of the competition is crucial in today’s fast-paced and ever-changing business landscape. A critical factor determining any business’s success is its ability to mitigate risks and debts efficiently. This is where spocto comes into the picture. spocto is a risk mitigation and debt recovery company that offers an innovative and comprehensive platform to help businesses manage risks and debts effectively. One of the most unique products on its platform is the spocto Score.

spocto Score is a dynamic real-time score. It is computed using advanced machine learning algorithms and consumer data, including customer input parameters and behaviour inputs that help determine a potential customer’s creditworthiness. This means that spocto Score is not just a simple score based on credit history or payment patterns, but it considers various factors that affect a customer’s creditworthiness. This makes it a powerful tool for businesses looking to make informed customer centric decisions.

One of the critical benefits of the spocto Score is its ability to provide a dynamic real-time score that most financial institutions lack. This means businesses can get an accurate and up-to-date picture of their customers’ creditworthiness at any time. This is especially useful in today’s fast-paced business environment, where things can change rapidly.

Recent analysis has revealed that the spocto Score has registered a 2.5X times lift in both the Backtest Data and the Live Feb Allocation Test Data for one of its premier clients. 

In terms of improving overall collection efficiency, the spocto Score displayed a significant increase in RoR of up to 0.12%.

spocto Score has a deep repository of behaviour-based personas created from over 50 million customers. It is able to tap into digital touchpoints, social media touch points and leverage social media analytics to gauge a customers propensity to pay. All this while maintaining the highest compliance standards in the industry. This means that businesses can use spocto Score to identify high-value, cross-sell customers and predict the debt repayment rate of a segment of consumers. 

To conclude, the spocto Score is an innovative and powerful tool that can effectively help businesses manage risks and debts. Its dynamic real-time Score and deep repository of behaviour-based personas make it a must-have for businesses looking to stay ahead of the competition. 

If you’re a business looking to manage risks and debts effectively, spocto Score is worth considering.


By Puja Srivastava

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