<ul><li>Lenders are turning to fintech startups for effective debt collection mechanisms.</li><li>Startups like SpoctoX, CreditNirvana, Rezolv, and Credgenics are using advanced AI-led models to predict borrower behavior and improve recovery for defaulters.</li><li>The use of AI technology in debt collection reduces costs and opens up business opportunities for new-age startups.</li><li>Venture capital firms have invested over $880 million in debt collection and resolution startups in the past three years.</li></ul>

Lenders say AI to fintech startups for debt collection

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