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, By The Economic Times
Tech
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Signs of stress on unsecured consumer loans have seen lenders scouting for effective debt collection mechanisms through fintech startups.
Several like Yubi-owned SpoctoX, Perfios-owned CreditNirvana, Rezolv and Credgenics are using advanced technology-led models to analyse large data sets to predict borrower behaviour, pre-empt defaults by closely monitoring transaction activity on the borrower’s account, and devise effective recovery means for the defaulters.
Venture investors believe small ticket size loans, which have grown significantly over the…
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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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, By The Economic Times
Tech
Signs of stress on unsecured consumer loans have seen lenders scouting for effective debt collection mechanisms through fintech startups.
Several like Yubi-owned SpoctoX, Perfios-owned CreditNirvana, Rezolv and Credgenics are using advanced technology-led models to analyse large data sets to predict borrower behaviour, pre-empt defaults by closely monitoring transaction activity on the borrower’s account, and devise effective recovery means for the defaulters.
Venture investors believe small ticket size loans, which have grown significantly over the…
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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Previous News
Apple may shift some of its iPhone production to India: Short-term fix or a long-term pivot?
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Indians fastest growing developer community: GitHub COO
The Economic Times
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