New Delhi [India], February 8 (ANI/PRNewswire): IREP Credit Capital, a Non-Deposit taking Non-Banking Financial Company (NBFC-ND) recently partnered with Credgenics, a pioneering SaaS-based debt collections platform to drive digital solutions for its MSME customers in South India. Since the implementation of the project, IREP has witnessed a 3X increase in field recoveries, higher efficiencies through 50 per cent increase in number of field visits and 35 per cent field collections coming through digital payments mode. With a keen eye on deepening financial inclusion across India, IREP Credit Capital is focused on giving MSMEs more power and making it easy to get sustainable credit solutions. Credgenics CG Collect mobile application has enabled IREP Credit Capital to digitize the debt collection processes, streamline reconciliations and empower the field teams. The advanced capabilities of CG Collect app have augmented the loan allocations process, simplified visit management, reduced p
New Delhi/ Mumbai (Maharashtra) [India], October 11 (ANI/PRNewswire): IIFL Finance, one of India's largest retail-focused diversified non-banking financial companies, has partnered with Credgenics, the leading provider of SaaS-based collections and debt resolution technology solutions worldwide, to implement Credgenics' end-to-end debt collections technology platform. Digitization to drive the next level of efficiencies and profitability. ML-based strategies to strengthen customer-focused approach in collections. Credgenics AI-powered collections platform, deployed at IIFL Finance, covers a range of solutions across the collections stages from pre-due management to post-due recoveries. The platform has enabled completely digitized loan collections at IIFL with ML-based analytical capabilities to segment borrowers and roll out tailored collections strategies. With Credgenics, IIFL has implemented a multichannel strategic digital communications approach resulting in reduced bounc
New Delhi [India], August 3 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance, and FinTech lenders worldwide, announced today its expansion into Indonesia as part of its next phase of growth. Indonesia marks the firm's foray into Southeast Asia (SEA) with a proven product and a deep understanding of the debt collections business beyond the Indian demographic. Credgenics is focused to work closely with lending firms in Indonesia and help them digitize and automate their end-to-end collections processes. Credgenics is already working with over 75 lending companies in India to improve their collection rates by 20 per cent and recover up to 80 per cent across delinquent accounts. The firm has a local team in place and will be further hiring and expanding its team based in Indonesia. Commenting on the firm's Indonesia strategy, Rishabh Goel, Co-founder, and CEO of Credgenics said,