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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.