Company Research Report: CreditNirvana
Company Overview
Name: CreditNirvana
Mission of the Company: No information is available.
Foundation and Founders:
- Founded by Lending Industry Domain Experts with over 20 years of experience.
Key People in the Company: No information is available.
Headquarters: No information is available.
Number of Employees: No information is available.
Revenue: No information is available.
What is the Company Known For:
CreditNirvana is known for being one of the world’s first ML Analytics-driven and Digital First end-to-end Debt Collection Platforms, designed to improve overall collection rates and lower bounce rates with a significant reduction of collection costs.
Products
CreditNirvana provides a suite of integrated AI-based debt management products specifically designed for various industries such as Consumer & Commercial Finance, Asset Reconstruction Companies, Insurance, Telecom, Utilities, and Healthcare.
Product Offerings:
1. AI/ML Driven Collection Strategy Engine
- Description: Provides rolling next three months payment risk scores of each customer based on structured and unstructured data.
- Key Features:
- Early Warning Engine
- Bounce Predictor/Propensity to Pay Engine
- ML Action Recommendation Engine
- Computes ML Risk categories using variables like demographic, microeconomic, sentiment, and payment behavior.
2. RoboCollection – NLP Driven Omnichannel & Multilingual Digital Collection
- Description: An omnichannel and multilingual digital collection system driven by Natural Language Processing.
- Key Features: No information is available.
3. Call Centre Automation
- Description: Automates call center operations for debt collection processes.
- Key Features: No information is available.
4. ML & Rule-based Customer Allocation
- Description: Allocates customers to the best collection strategy using machine learning and predefined rules.
- Key Features: No information is available.
5. Field Collections & GPS Enabled Field Mobile App
- Description: A mobile app for field collections equipped with GPS.
- Key Features: No information is available.
6. Agency/Vendor Management
- Description: Manages agents by setting performance-based payout rules.
- Key Features:
- Automatic calculation of tentative payouts for each agent and agency.
- Performance metrics-based rules (EMI collection, amounts collected, distance traveled).
7. Legal Process Automation
- Description: Automates legal processes involved in debt collection.
- Key Features: No information is available.
8. Repossession
- Description: Facilitates the repossession processes.
- Key Features: No information is available.
9. Settlement
- Description: Manages debt settlements.
- Key Features: No information is available.
Recent Developments
Recent Developments in the Company: No information is available.
New Products Launched: No information is available.
New Features Added to Existing Products: No information is available.
New Partnerships: No information is available.
Note: Details such as the number of employees, revenue, key people, specific headquarters information, recent developments, new products, and partnerships were not provided in the available data.