Credgenics has been recognized as Most Innovative Technology Platform for Debt Collections - 2022 by Business Mint
Credgenics wins The Business Mint Nationwide Awards 2022 for Most Innovative Technology Platform in Debt Collections , Pioneering business excellence and technological innovation in debt recoveries, Leveraging digital-first, ML-driven debt collections capabilities
New Delhi, October 2022 - Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance companies, and FinTech lenders worldwide, has won the Nationwide Awards 2022 for ‘Most Innovative Technology Platform in Debt Collections’ amongst more than 25,000 organizations and services in 500 categories across more than 100 cities. The award has been conferred by the prestigious Business Mint, India’s leading & most credible market research company.
Credgenics is making waves across the banking and financial services industry with its market-leading debt collections technology platform. Credgenics SaaS-based platform comes with innovative digital-first and ML-powered capabilities which help lenders completely transform their approach to collections. The platform provides AI enriched, completely automated, and digitized communications capabilities across the collections life cycle that not only drive superior collections outcomes but also enhance customer experiences.
Credgenics end to end platform enables lenders to reimagine their approach to loan collections to reduce their NPAs, boost their recoveries and enhance operational efficiencies through innovative and sophisticated features. By enabling lenders to segment and offer a personalized experience to their borrowers using sophisticated ML capabilities, Credgenics platform ensures that its customers remain ahead of the technology and business transformation curve to make collections faster, super-efficient, customer-centric, and intelligent.
Mr. Rishabh Goel, Co-founder, and CEO, Credgenics, said, “It is a proud moment for Credgenics to win the Nationwide Award 2022 for Most Innovative Technology Platform in Debt Collections. This recognition reinforces our commitment to the company’s mission of disrupting collections with digital-first, data-driven, and secure technology solutions. We are working with lenders across the globe to help them reimagine debt collections for the future with the best and most advanced technology. This award demonstrates our proven capabilities in providing innovative technology solutions in debt collections for the banking and financial services industry.”
Mr. Anand Agrawal, Co-founder and CTO, Credgenics, said, With the banking and financial services industry focusing tremendously on end-to-end digitization, ML-powered strategies, and transformation in customer experiences, we are thrilled to be awarded for providing an innovative technology solution. As the pioneer in next-gen debt collections, Credgenics has enabled complete transformation of collections at leading banks and NBFCs. This award is an acknowledgment of our commitment to delivering exemplary solutions to our customers with an industry-first, customer-centric, and future-ready approach.
About Credgenics: Credgenics is the leading provider of Loan Collections and Debt Resolution technology platforms to Banks, Non-banking finance companies, FinTechs, and ARCs worldwide. The SaaS-based platform provides solutions for end-to-end collections lifecycle including digital collections, multi-channel communications, calling, predictive dialers, litigation management, digital payments, mobile-based field collections, dashboard, and analytics. Credgenics reduces the time and cost to collect, increases the collections rate, brings down the NPAs, improves operational efficiencies, and transforms the borrowers’ experiences. Credgenics works with 75+ customers and handles USD$2 bn NPA stage retail loan book value and USD$6 bn delinquent stage retail loan book value.
It manages 22 million retail loans and sends 50 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections cost by 40%, reduced collections time by 30%, and improved legal efficiencies by 60%. https://www.credgenics.com/