Mumbai-based artificial intelligence-powered collect tech platform, Spocto, has hired a list of executives who previously worked with tech giants of the market including Amazon and Google, on its tech team.
The tech platform aims to use its experts to bolster Spocto’s capabilities in debt collection through innovation in big data, machine learning, and conversational AI.
The appointment will also help the firm expand its receivables management and delinquency prevention platform to manage more throughput month on month.
Vivek Srikantan, Ashish Khurana, and Sudarshan Radhakrishnan are among the newly appointed executives. They will be taking on the responsibilities of vice-president of engineering, senior director of engineering, and head of product excellence, respectively.
The firm was launched in 2016, but so far has resolved over $8 billion worth of delinquent loans through its AI and big data-led recovery platform.
Srikanthan carries an experience of over two decades of experience in building core tech platforms at companies such as HP, Amazon, and Google; Khurana previously transformed Zomanto’s food value chain into a more effective and scalable one; Radhakrishna worked across organizations such as Standard Chartered and all led efforts on voice AI and data science.
Co-founder and CTO of Spcoto Puja Srivastava welcomed the executives by saying, “We are delighted to welcome Vivek, Ashish, and Sudarshan into the Yubi family. Each of them comes with rich domain expertise that will enable Spocto to boost and synergize its offerings with financial institutions while making the debt collections process more humane and dignified,”
Additionally, Srivastava further said, “We will soon be a 1,000-people organization that will continue to strengthen data science and technology-based debt collections processes to ensure collect tech is seen as a paradigm shift in the loan recovery process.”