• Credgenics recognized as the Leader in Retail Lending category of IBSi India SLT with the highest number of new sales order wins in 2023
•Credgenics wins the Industry Leader Special Award in the retail collections category
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New Delhi, India, June 24, 2024 – Credgenics, the leader in SaaS-based debt collections and loan resolution technology solutions worldwide, proudly announces its recognition as the Market Leader in the Retail Lending Systems category in the prestigious IBSi India Sales League Table 2024. This accolade marks the third consecutive year that Credgenics has won this esteemed position with the highest new sales order wins as recognized by IBS Intelligence, a leading UK-based financial technology research, news analysis, and advisory firm.
The annual IBS Intelligence Sales League Table (SLT) is an industry benchmark that evaluates and acknowledges the sales performance of banking technology suppliers across 20 categories. This year's SLT witnessed robust participation from over 50+ technology suppliers submitting 2,100+ deals spanning 151 countries. Credgenics emerged victorious in the highly competitive "India Domestic - Retail Banking – Lending" and "Industry Leader Special Awards - Lending Retail - Collections" categories, underscoring its dominance and innovation in the lending technology space for the banking and financial services industry.
Credgenics' remarkable success in IBSi SLT for three years in a row is attributed to its advanced product capabilities, focus on innovation, and unwavering commitment to customer satisfaction. The company pioneered an AI-powered and digital-first approach to debt collections with its integrated technology platform. The comprehensive solution has enabled more than 100 financial institutions to transform and modernize their end-to-end debt recovery and resolution processes. Credgenics leads the segment with its comprehensive solutions for integrated multi-channel communication strategy, digital collections, collection analytics, field operations, dialers, litigation management, workflow automation, ODR, and digital payments across various stages of the retail loan lifecycle.
Mr. Rishabh Goel, Co-founder and CEO, Credgenics, expressed his delight at the achievement, stating, "We are thrilled to be recognized as the Best Selling Loan Collections Platform in India for the third consecutive year by IBS Intelligence in their India Sales League Table 2024. This accolade validates our relentless pursuit of excellence and innovation in the banking technology domain. We remain committed to pushing boundaries, enhancing our platform capabilities, and delivering exceptional business value to our customers.”
Credgenics' continued success in the annual IBS Intelligence India Sales League Table reaffirms its position as a proven leader in loan collections technology. The company's dedication to innovation and its strategic focus on optimizing debt recovery processes have positioned it as the preferred partner for financial institutions worldwide.
About Credgenics: Credgenics is the leading provider of Loan Collections and Debt Resolution technology platforms to Banks, Non-banking finance companies, FinTechs, and ARCs worldwide. The AI-powered SaaS-based platform has been recognized for three consecutive years as the #1 Best Selling Loan Collections Platform in India by IBS Intelligence in their Annual Sales League Table. Credgenics works with more than 100 customers and touched an overall loan book worth USD 60 billion in FY23. It handles 11 million retail loan accounts and sends 60 million digital communications every month. With Credgenics, lenders have increased resolution rates by 20%, improved collections by 25%, reduced collections costs by 40%, reduced collections time by 30%, and improved legal efficiencies by 60%.
For more information, visit www.credgenics.com.