In Mumbai, an industry first for banks and NBFCs, Mobicule, a specialist in debt collection, has announced the release of its mCollect Repossession module. As a component of its debt collection and recovery product, the ground-breaking Asset Repossession Solution is a comprehension solution that maps all the intricate steps involved in the repossession of an asset.
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Mobicule is a leader in providing solutions that use mobile technologies to digitise processes and increase productivity. As a result, the introduction of the mCollect Repossession Module is seen as a logical progression of the company’s debt collection platform.
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The mCollect platform uses machine learning and artificial intelligence technologies to reduce delinquency, which still exists in the banking and NBFC industries. Due to its many features, including allocation, digital collection, disposition, feedback management, cash collection, and deposition, mCollect will be used when consumers are discovered to be in default. If this option is not available, the bank or NBFC can use repossession as a means of collecting unpaid debt, avoiding substantial losses, and managing delinquency more effectively.
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