Mobicule, a leading technology company, has recently launched an asset repossession module for banks and non-banking financial companies (NBFCs) to aid in the recovery of assets from defaulting borrowers. The new module is a comprehensive solution for banks and NBFCs to efficiently manage the process of asset recovery, from the identification of defaulted borrowers to the physical repossession of assets.
The module is equipped with features such as real-time tracking of field agents, GPS-based location tracking, and automated notifications to ensure a seamless and secure asset repossession process. With this technology, banks and NBFCs can also maintain a centralized database of all the assets under their purview and keep track of their movements.
This innovative solution by Mobicule is expected to revolutionize the way asset repossession is carried out in the country. The asset repossession process is crucial for banks and NBFCs, as it helps them recover their loan amounts and maintain their financial stability. The new module is expected to significantly improve the efficiency of the asset repossession process and help banks and NBFCs recover their assets in a timely and cost-effective manner.
The asset repossession module also comes with a user-friendly interface, making it easy for banks and NBFCs to manage the asset repossession process. The module also provides real-time updates to the banks and NBFCs, allowing them to monitor the progress of the repossession process and take prompt action in case of any issues.
Mobicule has a long-standing reputation for delivering innovative and high-quality technology solutions for various industries. The launch of the asset repossession module is a testament to the company’s commitment to delivering cutting-edge solutions that meet the needs of its clients.
The mCollect platform employs machine learning and artificial intelligence technology to minimise delinquency in the banking and non-banking finance businesses. mCollect will be employed when customers are proven to be in default due to its numerous capabilities, which include allocation, digital collection, disposal, feedback management, cash collection, and deposition. If this alternative is not available, the bank or NBFC can employ repossession to collect outstanding debt, prevent significant losses, and better manage delinquency.