AI & Big Data for effective debt collection

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.