Credgenics, a leading debt collection platform, was ranked as India’s number one leader in Retail Lending Systems category by the UK-based research and advisory analyst firm, IBS Intelligence, in their Annual Sales League Table 2022.
The FinTech bagged the top spot as the Best Selling Retail Loan Collections Platform in India Sales League Table 2022, a reflection of its rapidly increasing market share.
Credgenics also grabbed the second spot as Regional Leader in APAC based on its large number of new sales orders, besides becoming the #1 Star Performer as SLT New Entrant in the APAC.
Running for over two decades, the annual IBSi Sales League Table ranks the leading banking technology systems for their new customer order wins worldwide during the year. It is an industry-wide neutral benchmark for banking technology system sales globally.
Credgenics enables banks and other non-banking lending companies to digitally transform their end-to-end collections processes. Its AI-powered SaaS based platform comes with innovative capabilities that bring a unique digital-first and data-driven perspective to retail loan collections.
The market-leading platform, designed by the banking domain experts, makes collections faster, super-efficient customer-centric, and intelligent. It follows an agile product roadmap approach to ensure that its customers remain ahead of the technology and business transformation curve.
Rishabh Goel, Co-founder and CEO, Credgenics, said, “We are extremely proud of winning the top leadership position in collections in India and being ranked second in the APAC. Our exemplary performance with our debutant entry is a true reflection of the overwhelming support and confidence shown by the banking and financial services industry leaders.”
“This recognition for our AI-powered platform reinforces our belief that retail loan collection is ripe for disruption. We are confident that our digital-first and data driven approach to collections will help us replicate this success in other markets,” he added.
Robin Amlot, Managing Editor, IBS Intelligence, said, “With over 1,900 technology deals from 60 suppliers across 134 countries that involved more than 1,000 banks, this year’s IBS Intelligence SLT was extremely competitive. It is amazing to see the grand entry of Credgenics in the Sales League Table.”
“Credgenics’ performance demonstrates the potential for innovative technology solutions as the banking and financial services industry continues to remain aggressive on the path of digital transformation,” he said.