Digital bad debts collection platform using machine learning

•

0 likes•139 views

Transforming bad debts collection processes with machine-learning software that analyzes digital footprint of customers, which allows collection processes to be ranked meaningfully, in turn increasing efficiency of collection and identification of defaulters.

Digital bad debts collection platform using machine learning

What are the key trends changing the insurance, pensions, and wealth management industries in Asia? And how can companies best capture growth? These topics were among those discussed at the recent Singapore FinTech Festival (SFF). Since its inception in 2016, SFF has become the premier platform for the global fintech community to engage, connect, and collaborate on issues relating to the confluence of financial services, public policy, and technology. SFF attracted 62,000 participants from over 115 countries—the largest SFF gathering ever. It featured 850 speakers, 570 exhibitors, including 25 country pavilions, and over 4,000 meeting through the business matching platform. With inflation persisting and growth slowing, many fintech firms are trying to remain viable. With that background, three key themes emerged at SFF that hold opportunities for insurance companies in Asia. First, we discussed how risks for the current generation have changed, creating new paths of growth as technology spreads across all sectors and functions in the insurance industry. The changing behavior of consumers triggers new opportunities by demanding unconventional ways of redefining customer relationships. Second, a widening pension gap caused by an aging population, the rise of self-employment, and the gig economy offers opportunities. We foresee that people caught in this gap could succumb to further risks raised by rising inflation, longer lifespans, and the rising cost of healthcare. Further, we discussed micro-pensions and micro-investments and how they would take off in the coming years. Third, Asia’s financial wealth stands at $180.6 trillion as of 2021, or roughly 40% of global wealth, and we expect continued growth. This causes more customers to get serious about financial planning. We also discussed approaches to reaching Generation Y and Z customers who require an omnichannel experience to maintain high engagement. We also had pragmatic discussions around artificial intelligence (AI) and embedded insurance. AI is still nascent, with regulators constantly figuring out how AI and machine learning play a role in insurance. Embedded insurance, meanwhile, needs to work seamlessly in the customer journey. This report covers the three main megatrends to watch in the landscape of Asia’s life and health insurance, as well as the key imperatives insurers should take to capture the significant opportunities in the market.

Taking Stock & Looking Ahead | Gender Diversity in Southeast Asia’s FinTech L...

Varun Mittal

Southeast Asia (SEA) is one of the most dynamic regions for FinTech globally. Driven by budding economies, expanding populations, rapid ecommerce penetration, and a growing middle class, FinTech investments across the 10 ASEAN nations reached US$4.3billion (S$5.7billion) during the first nine months of 2022, higher than 2018 to 2020 combined. According to Pitchbook data, the number of FinTech deals in SEA grew over 4x between 2015 to 2022 (from 56 to 225), reaching a record high in 2021, while the number of VC and PE-backed FinTech companies in the region saw similar growth. Despite a slowdown in H1 2023, FinTech will remain a key engine of growth for SEA, and therefore a key hub for talent. Given the high levels of investment in FinTech, private capital has an outsized ability to influence the status quo in Southeast Asia. If VCs were to increase diversity, equity and inclusion (DEI) across their portfolio, they could greatly impact the way businesses are led and managed in the region. Additionally, research has shown that diversity leads to better investment outcomes, with a recent study in Europe showing that VC funds managed by mixed-gender teams reported a higher annual internal rate of return (IRR), and in particular, teams predominantly composed of women outperformed all-male teams by a notable 9.3 percentage points. Further, mandates and scrutiny around DEI has increased in recent years, with institutional investors and other limited partners (LPs) beginning to bring DEI criteria into their thinking as they allocate funds to general partners (GPs). This reinforces the importance of understanding the industry’s current talent composition, both at the startup as well as at the investor level, and exploring ways the industry can enhance diversity moving forward. Combining quantitative data with interviews from several leading women founders and investors in the region, Russell Reynolds Associates partnered with the Singapore FinTech Association and FinTech Nation to develop a better understanding of the current state of gender diversity within SEA’s FinTech startup ecosystem, and to highlight challenges, opportunities, and recommendations for the path forward. State of play: gender diversity across SEA FinTech landscape Looking across funding stages and role types, from early stage to late stage to public companies, from management to board to even investors, women are heavily underrepresented within the SEA FinTech ecosystem. Across almost 2000 executives in management, board, and investor roles, only 252 are women (13%). It is worth noting that this is in line with broader SEA, across all VC-backed companies in the region (regardless of sector), women account for roughly 14% of management, board, and lead investors.

Singlife Financial Freedom Index

Varun Mittal

Financial Freedom Index - Platform Workers

Varun Mittal

Kopi time with Taimur Baig podcast E41

Varun Mittal

Varun Mittal, Partner of EY Asia Pacific Financial Services Strategy and Transaction Services, talks about all things FinTech. We begin by going over the tech foundation that has been built up over the past decade, which is now enabling a wave of innovation. Varun scans both the start-ups and big tech companies, and details his views on payments, wallets, remittance, regulation, WealthTech, e-currency, and digital banks. We discuss the role of FinTech in levelling the playing field between the wealthy and not-so-wealthy investors, and between those who have access to banking services and those who don’t. As the co-author of "Singapore – Fintech Nation of the World,” Varun is particularly passionate about Singapore’s model of strict compliance and risk mitigation, which he believes is particularly suited for success in the regulated world of FinTech.

Proof of concept kit - Payments

Varun Mittal

EY Customer Segments Banking Offerings

Varun Mittal

Incentives Management as a Service

Varun Mittal

Empowered FE Credit, one of Vietnam's oldest and largest consumer credit companies as well as other FinTech partners to implement a robo-lending platform app, $NAP, which digitalizes the entire process of customer on-boarding, loan application, know-your-customer (KYC), credit underwriting, loan approval and disbursement. With this platform application, FE Credit has been able to shorten the borrowing process from 4-5 days to less than 15 minutes, drastically increasing its appeal to customers and overcoming the challenges inherent in the traditional lending model.

The future of fin tech and financial services

Varun Mittal

Leveraging AI for data analytics and retrieval

Varun Mittal

Smart compliance via AI

Varun Mittal

Behavioral identity authentication

Varun Mittal

Smart data integration via microtasking

Varun Mittal

How EY and Credit Suisse teams brought growth opportunities to future leaders...

Varun Mittal

EY and Credit Suisse teams co-hosted the CS-EY FinTech Forum. The forum attracted over 90 participants from top financial institutions in Bangkok, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai and Singapore, as well as 25 FinTech firms with headquarters in Singapore, Indonesia and India. EY teams are committed to work with industry participants to help bring about greater FinTech integration to countries in ASEAN-6 and India.

Migrant workers as customer group of digital banks in Singapore

Varun Mittal

Gig economy workers as customer group of digital banks in Singapore

Varun Mittal

Entrepreneurs as customer group of digital banks in Singapore

Varun Mittal

The future silver economy as customer group of digital banks in Singapore

Varun Mittal

Small and medium enterprises (SMEs) as customer group of digital banks in Sin...

Varun Mittal

SINKs and DINKs as customer group of digital banks in Singapore

Varun Mittal

Singapore national service full time as customer group of digital banks in Si...

Varun Mittal

Rural agri laborers as customer group of digital banks in Singapore

Varun Mittal

Non profit organizations (NPOs) as customer group of digital banks in Singapore

Varun Mittal

Impact of Digital Banks on Incumbents in Singapore

Varun Mittal

Incumbents have to act now in order to be prepared for the digital bank launch in Singapore by 2021. The New Digital Banks (NDBs) aim to launch customer-centric, differentiated products to meet their lifestyle goals along with simple and superior user experience. The new age customers expect transparency and frictionless experience from their banks. The incumbent banks should leverage the trust and relationship built with their customers over the years. They should re-evaluate their strategy, invest in understanding customers’ needs and enable a digital experience that is at par with leading technology players in the market. Incumbents should take timely action by choosing a viable option to position their business ahead of competition and disruption!

Thailand Fintech Landscape

Varun Mittal

Proof of Concept Kit - Insurance

Varun Mittal

BeMetals Presentation_May_22_2024 .pdf

DerekIwanaka1

Improving profitability for small business

Ben Wann

In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.

Recently uploaded

BeMetals Presentation_May_22_2024 .pdf

DerekIwanaka1

Improving profitability for small business

Ben Wann

Discover the innovative and creative projects that highlight my journey throu...

dylandmeas

Exploring Patterns of Connection with Social Dreaming

Nicola Wreford-Howard

Digital Transformation and IT Strategy Toolkit and Templates

Aurelien Domont, MBA

This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy. Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt

zechu97

Project File Report BBA 6th semester.pdf

RajPriye

Cree_Rey_BrandIdentityKit.PDF_PersonalBd

creerey

amptalk_RecruitingDeck_english_2024.06.05

marketing317746

ikea_woodgreen_petscharity_cat-alogue_digital.pdf

agatadrynko

Attending a job Interview for B1 and B2 Englsih learners

Erika906060

20240425_ TJ Communications Credentials_compressed.pdf

tjcomstrang

"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬" 𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions. 𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc. Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging ⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬: ➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH ➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH ➢FreenBecky 1st Fan Meeting in Vietnam ➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS ➢ WOW K-Music Festival 2023 ➢ Winner [CROSS] Tour in HCM ➢ Super Show 9 in HCM with Super Junior ➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival ➢ Korean Vietnam Partnership - Fair with LG ➢ Korean President visits Samsung Electronics R&D Center ➢ Vietnam Food Expo with Lotte Wellfood "𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."

Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf

dylandmeas

What are the main advantages of using HR recruiter services.pdf

HumanResourceDimensi1

Brand Analysis for an artist named Struan

sarahvanessa51503

Buy Verified PayPal Account | Buy Google 5 Star Reviews

usawebmarket

Buy Verified PayPal Account Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions. PayPal Services Features- 🟢 Email Access 🟢 Bank Added 🟢 Card Verified 🟢 Full SSN Provided 🟢 Phone Number Access 🟢 Driving License Copy 🟢 Fasted Delivery Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram. 24/7 Hours Reply/Please Contact usawebmarketEmail: support@usawebmarket.com Skype: usawebmarket Telegram: @usawebmarket WhatsApp: +1‪(218) 203-5951‬ USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.

Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf

Arihant Webtech Pvt. Ltd

The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/

Cracking the Workplace Discipline Code Main.pptx

Workforce Group

Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations. Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration. Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures. In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn • Four (4) workplace discipline methods you should consider • The best and most practical approach to implementing workplace discipline. • Three (3) key tips to maintain a disciplined workplace.

Premium MEAN Stack Development Solutions for Modern Businesses

SynapseIndia

Skye Residences | Extended Stay Residences Near Toronto Airport

marketingjdass

Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers. Website Link : https://skyeresidences.com/ https://skyeresidences.com/about-us/ https://skyeresidences.com/gallery/ https://skyeresidences.com/rooms/ https://skyeresidences.com/near-by-attractions/ https://skyeresidences.com/commute/ https://skyeresidences.com/contact/ https://skyeresidences.com/queen-suite-with-sofa-bed/ https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/ https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/ https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/ https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/ https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/ #Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites

Recently uploaded (20)

BeMetals Presentation_May_22_2024 .pdf

Improving profitability for small business

Discover the innovative and creative projects that highlight my journey throu...

Exploring Patterns of Connection with Social Dreaming

Digital Transformation and IT Strategy Toolkit and Templates

ENTREPRENEURSHIP TRAINING.ppt for graduating class (1).ppt

Project File Report BBA 6th semester.pdf

Cree_Rey_BrandIdentityKit.PDF_PersonalBd

amptalk_RecruitingDeck_english_2024.06.05

ikea_woodgreen_petscharity_cat-alogue_digital.pdf

Attending a job Interview for B1 and B2 Englsih learners

20240425_ TJ Communications Credentials_compressed.pdf

Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf

What are the main advantages of using HR recruiter services.pdf

Brand Analysis for an artist named Struan

Buy Verified PayPal Account | Buy Google 5 Star Reviews

Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf

Cracking the Workplace Discipline Code Main.pptx

Premium MEAN Stack Development Solutions for Modern Businesses

Skye Residences | Extended Stay Residences Near Toronto Airport

Digital bad debts collection platform using machine learning

Recommended

Recommended

More Related Content

More from Varun Mittal

More from Varun Mittal (20)

Recently uploaded

Recently uploaded (20)