Finarkein Analytics introduces Smart Collect to address high failure rates in loan collections

Quick Summary:

Early results indicate significant improvements in collection rates and reductions in operational costs for participating lenders.

Nikhil Kurhe, Co-Founder and CEO, Finarkein Analytics, said in a statement, “As the Account Aggregator framework matures, we will see use cases beyond lending in domains such as payments and more.

Smart Collect offers real-time account monitoring to ensure customer accounts are checked for sufficient funds before scheduling presentations.

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Article Details

Author / Journalist: ET Online

Category: Business

Markets: India

Topics: Smart collect Loan collections Account Aggregator framework UPI Autopay Collection failures

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 10:08:11 (3 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 713 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23787849

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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