Credgenics wins “Most Effective Digitization” and “Most Innovative Analytics Implementation” at IBS Intelligence Global FinTech Innovation Awards 2022

• The award received 151 nominations across 94 banks from 47 countries this year
• They identify and honor technology players and banks for driving impact through innovative financial technology implementations

NEW DELHI, 29 December 2022 /PRNewswire/ — Credgenics, a leading provider of SaaS-based collections and debt resolution technology solutions worldwide, has added another accolade to its journey of success. In a recent win at the fourth edition of the prestigious IBS Intelligence Global FinTech Innovation Awards, Credgenics has been awarded in the categories – Most effective digitization / paperless initiative: Best use of tools and practices and Most innovative analysis implementation: Most agile implementation – against projects carried out for two of the banking industry’s customers within debt collection. This further strengthens the position of the disruptive technology provider as a leader in the global fintech ecosystem.

Credgenics has been at the forefront of offering future-ready technology solutions for the challenges in the debt collection industry through its unique AI-driven SaaS-based platform. It has worked closely with banks and other non-bank lending firms to digitize and automate their end-to-end collection processes. So far, Credgenics has worked with over 75+ banksNBFCs, and digital lending firms, which facilitate data-driven, customer-centric, and innovative digital solutions in loan collection.

Rishabh Goelco-founder and CEO, Credgenics, said“We are humbled to have been recognized by IBS Intelligence, an industry leading media and research platform for two of our technology implementation projects. These awards recognize the hard work and relentless focus put in by the Credgenics team in building cutting-edge technology solutions that enable an industry-first digital and insight-driven experience for borrowers and lenders.“

Anand Agrawalco-founder and CTO, Credgenics, said“It is great to be recognized at the IBS Intelligence Global FinTech Innovation Awards, after competing with the leading players in the banking and finance industry worldwide. We are extremely proud of the innovative edge and business benefits that our technology provides. These awards reinforce the competitive edge and business excellence that we have delivered to our customers.“

The IBS Intelligence Global FinTech Innovation Awards identify and honor technology players, banks and financial institutions for their excellence in driving impact through technology implementations and innovations using new technologies. The awards were competitive with 151 nominations distributed among 94 banks from 47 countries this year.

About Credgenics

Credgenics is the leading supplier of Collection of loans and Debt Resolution technology platform to banks, non-bank finance companies, FinTechs and ARCs worldwide. The SaaS-based platform offers end-to-end collection lifecycle solutions, including digital collections, multi-channel communications, dialing, predictive dialers, litigation, digital payments, mobile-based field collections, dashboards and analytics. Credgenics reduces the time and cost of collection, increases collection rates, reduces NPAs, improves operational efficiency and transforms the borrower experience. Credgenics works with 75+ clients and handles USD 2 billion NPA stage retail loan book value, and USD 6 billion default stage retail loan book value. It manages 22 million personal loans and sends 50 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collection costs by 40%, reduced collection time by 30% and improved legal efficiency by 60%.

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