Lending Institutions
We understand the specific challenges faced by Banks, NBFCs and FinTechs for retail loan recovery. Our solution for each of the businesses includes:
- Identifying the reason for approaching the business, if it is linked to any life events/causalities for the borrower. This will be done by data crunching through traditional and alternate data sources.
- Our AI driven methodology maps multiple possible scenarios and provides default as well as recovery score for micro-lending. This score encapsulates the “riskiness” of the customer.
- Our downstream activities suggest the most appropriate channel based on the borrower demographics and institution which would provide maximum recovery opportunity for lender.
Lender would receive updates on the entire process on his iCanPe dashboard and can take decisions on case-to-case basis.