Show Notes
RBI’s financial stability report in July 2020 indicated that NPA’s could be as high as 14.7% of total loans by March 2021. Against this backdrop, loan collections becomes all the more important, as lenders aim to collect on overdue loans in the most cost effective manner. New age collections fintechs are aiming to solve this problem by leveraging platforms and data to make collections as simple and efficient as possible.
We caught up with Aditya Singh, who is the co-founder and Chief Commercial Officer (CCO) of CreditMate, which is aiming to solve the collections puzzle for lenders everywhere. In our conversation we discuss:
- the hypothesis and genesis of CreditMate
- an overview of what the platform offers
- an overview of how data and machine learning is used to drive efficiency
- commercial model for new age collections
- what 2021 holds for the collections industry
Do listen for a fascinating glimpse in to this often neglected but extremely important area of lending.