Spocto X and Finagle Partner to Redefine Collections with AI-Powered Resilience
The lending landscape is undergoing a significant evolution. Lenders are no longer simply seeking point solutions, but thorough transformations to build lasting resilience.This shift is exemplified by the exciting new partnership between Spocto X, a leading AI-powered debt collections platform, and Finagle, a rapidly growing NBFC focused on accessible financing.
This collaboration isn’t just about implementing new technology; it’s about proactively shaping the future of credit. It’s about building systems that anticipate market changes and evolving customer expectations, ensuring lenders can connect with borrowers responsibly and effectively at scale.
A New Era of Collections: Prioritizing Borrower Dignity & Strategic Intelligence
Spocto X, backed by Yubi, brings it’s Agentic AI platform to the table, designed to move fragmented collections processes into a unified, intelligent system. This system predicts risk, orchestrates personalized engagement, and demonstrably impacts portfolio performance.
Finagle, established in 2021, recognized the need for a collections platform that combined speed with strategic intelligence as they scaled. They found that in Spocto X’s vision and ability to translate complex challenges into actionable workflows.
Key benefits of this partnership include:
* Enhanced Operational Efficiency: Streamlining the entire collections lifecycle through a consolidated, AI-driven approach.
* Responsible Lending practices: Prioritizing borrower dignity and fostering trustworthy interactions.
* Future-Proofing the Buisness: Building a responsive and adaptable credit ecosystem prepared for evolving market dynamics.
* Strategic Growth: Supporting Finagle’s commitment to technology-led growth and responsible financial inclusion.
Industry-Wide Shift Towards AI-powered Operational Models
This partnership underscores a broader trend within the financial services industry: the move towards consolidated, AI-powered operational models.It provides a practical blueprint for lenders looking to elevate efficiency and improve outcomes across the entire collections lifecycle.
“At Spocto X, we are committed to shaping this new era of collections by combining AI-driven insight with design that keeps people at the center,” stated a Spocto X representative. “Finagle’s vision and agility make them a powerful partner in building a more responsive, trustworthy, and future-ready credit ecosystem.”
Finagle’s spokesperson echoed this sentiment, emphasizing that adopting a collections platform combining speed and strategic intelligence was paramount to their scaling efforts. Spocto X’s ability to transform complexity into executable workflows proved to be a decisive factor.
Spocto X: Leading the Charge in Intelligent Debt Management
Spocto X is already making a significant impact on the Indian lending market. Here’s a snapshot of their current reach:
* 5.5 Cr+ monthly accounts managed.
* 8.9 Cr+ borrowers protected from becoming Non-Performing Assets (NPAs).
* ₹50,000 Cr+ in expected credit losses avoided for lenders.
* Trusted by 60+ financial institutions, including private banks, PSUs, NBFCs, and fintechs.
* expanding presence in the MENA region, with headquarters in DIFC.
Spocto X isn’t just a technology provider; they are collections experts dedicated to building the next generation of collections with borrower dignity at its core.
Learn more about Spocto X at www.spocto.com.
Media Contact:
Sayanee Chatterjee
[email protected]
+91 9158836036
About Finagle: Empowering Financial Access
Finagle Financial services Pvt. Ltd. is a Delhi-based NBFC established in 2021. They are dedicated to providing fast, convenient, and cost-effective financing solutions through a technology-enabled, customer-centric approach.
Finagle offers a diverse portfolio of loan products, including:
* Personal Loans
* Education Loans
* Business loans
* Commercial loans
* Secured Loans
* Unsecured loans
This comprehensive range allows Finagle to cater to a wide spectrum of credit needs across various customer segments.
This partnership between Spocto X and Finagle represents a significant step forward in the evolution of the lending industry, demonstrating the power of AI and strategic collaboration to build a more resilient, responsible, and customer-focused future.
