Sunday, April 11, 2021
Home BUSINESS Creditas Solutions launches India’s first holistic digital collections and recoveries platform –...

Creditas Solutions launches India’s first holistic digital collections and recoveries platform – Ethera

Ethera is a quantum leap in technology that helps lenders recover loans sans human intervention 

New Delhi, March 31, 2021: Creditas Solutions, India’s leading financial technology company for delinquency management, has announced the launch of Ethera. Ethera is India’s first and only holistic digital debt collections and recoveries platform for banks and financial institutions.

The platform combines predictive and prescriptive analytics, state of the art Machine Learning algorithms and decision intelligence based marketing strategies that resolve problems traditionally faced by banks in the area of delinquency management. It offers a sophisticated customer resolution process for lenders by combining delinquency detection, financial literacy, debt collection and recovery services – all without any human intervention.

Ethera collects data from multiple sources, cleanses it, and further enriches it to understand the borrower’s financial behaviour and segments them basis their credit profiles. It then intelligently creates personalized communication campaigns for each segment by calibrating for optimal content, time, channel, frequency, and preferred language. The result – radically improves engagement rates with customers. Further, all major Indian vernacular languages are supported by the Ethera platform.

For lenders, Ethera holds the promise of new-age technology that cannot only drive up NPA resolution rates but also reduce burdens, such as complex logistics of managing field and customer service agents, manual management of multiple portfolios, and data management.

Speaking at the launch, Anshuman Panwar, Co-founder of Creditas Solutions, Given the inefficiency inherent in traditional manual collections, Creditas has developed Ethera – a fully-integrated platform for automated collections by banks. This is in line with our vision to transform the financial sector in India by deploying new-age solutions that enhance delinquency management capabilities for lenders while at the same time helping borrowers re-enter the credit mainstream in a transparent and humane fashion. The best part is that Ethera has been designed specifically to comply with the banking rules and regulations in the country and is an extremely cost-effective and scalable solution for all financial institutions”

About Creditas Solutions Pvt Ltd

Creditas is India’s leading Technology Company in the field of Delinquency Management. Established 6 years ago, Creditas works with Marquee Financial Institutions such as HDFC Bank, SBI Cards, Axis Bank and HSBC to digitally empower their delinquent customer engagement. Its AI-driven solutions have helped lenders improve recovery rates significantly while simultaneously improving the brand experience and customer loyalty.

Read: The Boom of Self Storage Facilities in COVID Era 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Will PM Modi help Jaypee Homebuyers? Strike at Jantar Mantar

Jaypee Homebuyers protest: 20 thousand homebuyers wrote a letter to Prime Minister Modi asking them to...

Terrorists have been shot, disabled for age, despite hundreds of people take care of Javed

Javed Ahmad Tak, a resident of Bijbihara of South Kashmir, is inspiring the youth of the entire region with his work. In 1997, he...

BSNL and MTNL now have Rs 10,000 crore AGR outstanding, Department of Telecom informed

According to the assessment of the Department of Telecommunications, as of FY 2016-17, AGR outstanding over...

Manoj Soni: An Ardent Entrepreneur Revolutionizing the Power Industry with Innovation

It is indeed a bliss of pride to see Indian’s rocking the world as leaders. Manoj Soni’s venture Harmonizer Solutions is ruling with technology....

How To Position Your Tech Startup To Raise Funds?

For a good and successful startup, there are two important things. First a good idea or a plan that will bring some technological advances...