Credgenics launches debt recovery platform for asset reconstruction firms

Credgenics, a debt collection company, said on Wednesday it has launched a new version of its technology platform that will give asset reconstruction companies (ARCs) insights about small businesses.

Reliance Asset Reconstruction Company (RARC) is among the customers that have subscribed to the technology platform, said Credgenics. The platform gives information about each stage of delinquent cases, including prior communication history, to help ARCs in debt recovery.

Noida-based Credgenics said the platform uses artificial intelligence and machine learning to help ARCs evaluate communication effectiveness and make outreach plans.