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Guess Which Industry is the New Hub for Top Tech Talent — Not IT or E-Commerce
- The debt collection industry is quietly transforming, attracting tech talent from giants like Amazon and Google.
- Traditionally, debt collections were slow, inefficient, and limited by physical constraints.
- While other finance verticals shifted to digital, collections started adopting digital channels more recently.
- Tech startups like Spocto X are revolutionizing debt collections through AI-powered platforms.
- Top tech talent from institutions like IITs and Ivy League schools are driving innovation in this industry.
- Spocto X, led by Vivek Srikantan, is using AI and ML to create efficient digital infrastructure for collections.
- The shift of tech talent to debt collection shows a thirst for innovation and problem-solving at scale.
- Spocto X's platform includes intelligent automation, AI-driven campaign orchestration, and multilingual video communication.
- Challenges faced include resistance from traditional players to adopt modern AI-driven approaches.
- Tech-driven collections can enhance India's financial ecosystem and provide transparency and choice to borrowers.
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