Spocto X (A Yubi Company)

Is E-commerce driving debt among young borrowers? 💳📈 Outstanding #CreditCard dues have surged to ₹2.7 trillion (June 2024), with defaults at 1.8%. Many young borrowers are relying on minimum payments and high-interest, unsecured loans for smaller purchases—reshaping India’s credit landscape. New borrowing behaviors: 👥📊 Non-metro areas are seeing a 57% rise in credit monitoring, while Gen Z’s credit awareness has jumped by 150%. Small retail loans face increased scrutiny, with a shift towards secured options for stability. Where is this trend heading? 🤔 With RBI interventions slowing #loan growth, India’s debt dynamics are rapidly evolving. Will young borrowers adapt to a new credit environment, or will #debt levels continue to rise? Explore our insights into these shifting trends! Gaurav Kumar Devarsh M. Vivek Srikantan Himanshu Kateja Sreeram Gopalakrishna Rahul Kanojia Janmit Singh Kunal J. Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Vinod RAI Anshul Malhotra Vinay Soni Akanksha Mehta #DebtRecovery #Collections #FinancialServices #spocto #Fintech #creditTrends

For lenders, managing resources efficiently can be a challenge, especially when faced with manual processes, lack of transparency, and task mismanagement. ⚠️ At Spocto X ,we took up this challenge seriously & created the 'Spocto X Allocation Engine' - a revolutionary feature designed to transform resource management for financial institutions; improving resource #allocation efficiency by 25% 📈 Why Spocto X Allocation Engine❓ ✅ Automate Resource Management: Reduce manual effort and streamline #workflows, allowing teams to focus on what matters. ✅ Real-Time Impact: Track progress and performance with clear visibility, ensuring efficient allocation and better #recovery outcomes. ✅ Seamless Integration: Equipped with advanced #AI, #ML & #NLP technologies, our engine is designed to simplify the entire collections workflow. Take control of your resource allocation and see the difference with Spocto X! Feel free to reach out to learn more - https://lnkd.in/dPePT9Hy or drop us a comment below 👇 Gaurav Kumar Bhavin Parekh Devarsh M. Krishnendu Majumdar Vivek Srikantan Himanshu Kateja Sreeram Gopalakrishna Janmit Singh Kunal J. Rahul Kanojia Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Vinod RAI Anshul Malhotra Vinay Soni Arpith Scindhia #CollectTech #ResourceManagement #DebtRecovery #Compliance #Collections #CollectCoLabs

Proud to be a part of the Yubi family! 💙 As #Yubinauts at Spocto X, we celebrated the Yubi Group Awards 2024 🏆 alongside our colleagues from Yubi, Accumn and Aspero, spanning across 7 vibrant offices all over India. It was a grand celebration of teamwork, talent, and excellence—values that drive our culture every day. 🎖 A huge congratulations to all the winners for their outstanding achievements! 👏 Together, we continue to #SimplifyCollections & #GoGetGreat! 🚀 Gaurav Kumar Devarsh M. Kapil Rohilla Chandini Mirpuri Raj Upadhayay Isha S. Meenakshi Yadav Mitesh Nijhara Niladri Sekhar Halder Giriraj Prasad Sahoo Manoj Patel S #SpoctoX #YubiGroupAwards #Yubinauts #Teamwork #Excellence

Debt collection as a practice can be traced back to thousands of years ago. While some of the earlier methods look obsolete in comparison, one can also spot a few appalling similarities. This stark reminder of how far we’ve come—and how far we still have to go in ensuring justice to both parties. Meanwhile are you still curious to know how we are redefining India's collections landscape? Feel free to reach out to learn more - https://lnkd.in/dPePT9Hy Gaurav Kumar Bhavin Parekh Devarsh M. Vivek Srikantan Himanshu Kateja Sreeram Gopalakrishna Rahul Kanojia Janmit Singh Kunal J. Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Vinod RAI Anshul Malhotra Vinay Soni #DebtRecovery #Collections #FinancialServices #EmpathyInCollections #spocto #Fintech

Transform your collections efficiency with Spocto X's - Content Management System (CMS)🚀 As a #CXO, you need a streamlined approach to borrower communications. Spocto X CMS does just that—centralizing, personalizing, and automating your collections content for maximized efficiency and engagement. ⚡ Boost collection efficiency with faster, data-driven, and integrated content delivery. 💡 Reduce operational costs with #digitization and automation. 🔒 Ensure #borrower trust through enhanced data security and compliance. Unlock the power of smarter, more seamless collections with SpoctoX CMS💯 Curious to know how we are redefining India's collections landscape? Feel free to reach out to learn more - https://lnkd.in/dPePT9Hy Gaurav Kumar Bhavin Parekh Devarsh M. Vivek Srikantan Himanshu Kateja Sreeram Gopalakrishna Janmit Singh Kunal J. Rahul Kanojia Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Vinod RAI Anshul Malhotra Vinay Soni #CollectTech #DebtRecovery #Compliance #Collections #FinancialServices #CollectCoLabs

🎊 Exciting news! 🎊 Yubi has officially opened its new office in Dubai, marking a significant milestone in our global expansion🌍 With this step, we’re strengthening our presence in the Middle East and bringing our innovative financial solutions closer to the region. Ready to fuel growth and unlock new opportunities!🚀 ( 📍Location: Zomorrodah Building , Office No 34 -B, 3rd Floor Block B Al Karama, Dubai, UAE) Gaurav Kumar | Abhishek Mehrotra | Vikas Thapar | Sivakumar Rajakkannu | Roshni S Nair Jain | Aaron Joshua Sullera | Nakul Gupta | Deeksha Shetty | Raj Upadhayay | Mathangi Sri Ramachandran | Karan Kohli | Karan Shah | Tushar Bharati Kovvuru | Joseph Nirmal | Siya Bhatia #Yubi #Dubai #FinancialSolutions #Fintech #GlobalGrowth

Collections powered by technology, or #CollectTech, is a booming market that is expected to be worth $15 Billion soon. 🚀 Driven by the power of #AI and digital transformation, and a general shift towards customer-centric, user-focused experiences, adoption of digital collections seems natural, but it is also the need of the hour. Summarizing more insights using data points sourced by the State of the Fintech Union 2024 by Boston Consulting Group (BCG) and Z47 (fka Matrix Partners India). Gaurav Kumar Bhavin Parekh Devarsh M. Krishnendu Majumdar Vivek Srikantan Himanshu Kateja Sreeram Gopalakrishna Janmit Singh Kunal J. Rahul Kanojia Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Vinod RAI Anshul Malhotra Vinay Soni #Fintech #CreditAccess #Yubi #Innovation #LendingTech #DigitalTransformation #SpoctoX #CollectTech

🚀 Simplify Debt Collection with SpoctoX's Allocation Engine Our "Smart Allocation Engine" automates resource distribution, giving lenders full control over their collections process: 🧠 Automated Segmentation – Automatically #segment portfolios and assign tasks to internal teams or external agencies through one platform. 🔄 Channel Optimization – Leverage data and #SpoctoScore to dynamically allocate resources across digital, calling, or field channels. ⏳ Customizable Allocation Periods – Define specific time frames for resource allocation to optimize #performance. 👥 Unified Management – Gain a centralized view of all allocations, channels, and agency activities for seamless oversight. Unlock efficiency, boost recovery rates, and make smarter, data-driven decisions – all with SpoctoX's advanced Allocation Engine. #DebtRecovery #Automation #Compliance #SpoctoX #ResourceManagement #Fintech Bhavin Parekh Devarsh M. Krishnendu Majumdar Vivek Srikantan Rubin Mathew Alex Rahul Kanojia Kapil Rohilla Deep Kakkad Janmit Singh Kunal J. Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan Arpith Scindhia Vinod RAI Anshul Malhotra Vinay Soni Mathangi Sri Ramachandran Kalpesh Worlikar

Weddings are expensive. If you're planning your dream wedding and feel financially strained, know that you are not alone! With most couples seeking personalized experiences on their big day, wedding loans are becoming the go-to solution for making unique celebrations a reality. Destination weddings are another key driver for availing extended credit. Summing up all about wedding loans below. Meanwhile got a question for us? Feel free to reach out - https://lnkd.in/dPePT9Hy Gaurav Kumar Bhavin Parekh Devarsh M. Vivek Srikantan Rubin Mathew Alex Rahul Kanojia Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza harsh ranjan #DebtRecovery #Compliance #Collections #FinancialServices #EmpathyInCollections #CollectCoLabs #spocto #Fintech

Harness the power of data-driven machine learning algorithms with Spocto X StratAI to ensure your campaign plans hit the mark. Our clients have experienced an impressive 40% boost in campaign success rates. It’s time to transform your strategy and elevate your marketing efforts to new heights! With Spocto X StratAI, you’ll unlock the future of marketing, empowering your team to make informed decisions, optimize campaigns in real-time and create personalized experiences that resonate with your audience. Dive into a world where technology meets creativity, and watch your marketing efforts soar to new heights. Gaurav Kumar Bhavin Parekh Devarsh M. Vivek Srikantan Rubin Mathew Alex Rahul Kanojia Kapil Rohilla Deep Kakkad Pritesh Mistry Amit S. Rajendra Saroj Salomi D’souza #DebtRecovery #Compliance #Collections #FinancialServices #EmpathyInCollections #CollectCoLabs #spocto #Fintech