Current Affairs   »   Kotak Mahindra Bank launches ‘Neo Collections’...

Kotak Mahindra Bank launches ‘Neo Collections’ Digital Repayment platform

Kotak Mahindra Bank launches 'Neo Collections' Digital Repayment platform_50.1

Kotak Mahindra Bank has launched a platform named ‘Neo Collections’, which is a Do It Yourself Digital Repayment Platform for missed loan repayments. Kotak Mahindra Bank has launched the Neo Collections platform in tie-up with Creditas Solutions. The main objective of this DIY digital repayment platform is to make repayments for outstanding loans more convenient for customers.

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Powered by artificial intelligence and machine learning, the ‘Neo Collections’ platform delivers a personalised and non-intrusive experience thereby enabling customers to manage their dues seamlessly on their own through an intuitive repayment platform.

Important takeaways for all competitive exams:

  • Kotak Mahindra Bank Establishment: 2003;
  • Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
  • Kotak Mahindra Bank MD & CEO: Uday Kotak.

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