Sumeet Srivastava, CO-Founder & CEO of Spocto, shares with TechStory, how Spocto is changing age old norms of the debt recovery sector using new age technology such as artificial intelligence and machine learning.
Although the RBI guidelines seem promising, seamless debt recovery from borrowers is still a far-fetched reality for lenders. One of the major pain points of every lender is irregular payments and loan defaults by borrowers.
spocto-World’s leading full-stack debt support and risk mitigation platform, today announced the launch of spoctoX-a unified full stack debt support and risk mitigation platform that understands customers.
The venture, which has its regional headquarter in Dubai, is eyeing a $100 million revenue target from the Middle East region in the next few years.
The RBI regulations and the covid-induced lockdown helped collection-tech startups gain ground. But lenders feel it won’t be easy to replace good old legwork.
Movius, cloud-based secure mobile communications, announces that its conversational artificial intelligence (Conversational AI) platform, Curie, will partner with spocto’s debt resolution and risk mitigation platform in India and the MENA region.
The world’s leading full-stack debt support and risk mitigation platform has inaugurated India’s first Innovation Lab (SIL) dedicated to the debt collection segment of banking industries in India and the Middle East.
spocto Innovation labs aim to develop a start-up ecosystem touching close to 10,000+ enterprises to co-create, prototype and implement ideas within fintech and collections space
spocto, a full-stack debt support and risk mitigation platform has launched India’s first Innovation Lab (SIL) catering to the debt collection segment of banking industries across India and MENA.
Systematic lending, borrowing, and debt recovery have been a part of the Indian financial system for centuries. From a stringent debt system under the reign of Mauryas to a modern-day regulated banking system, we have come a long way.
