Sunday, May 26, 2024

AI & Big Data for effective debt collection

By DAC000 , in AI , at April 19, 2021

as Bloomberg reveals, evaluating Mumbai based Spocto Solutions. The five year old startup’s Voice Bots contact errant debtors, arranging payment schedules to avoid penalties or default. About a two minute read.

Comment: its a concise overview of the tech as well as it’s possibilities. I run a fairly large property business and have dealt with non performing tenants in the past, so for me that best line in the article is “The best way for a bank or a financial institution to lose a customer is to give the account to a collection agency”. Excellent.