In the dynamic landscape of lending, efficient and secure collection processes are paramount to success. With a proven track record in Device Financing since September 2020, our team has meticulously developed Sentiprotect to cater specifically to the distinct needs of Lending.
Our Loan Collection Infrastructure automates Collection increasing your Collection rates while reducing your lending risks and improving your bottom line as a Lender.
We are confident that this solution can significantly contribute to optimizing your collections process while ensuring compliance and borrower satisfaction.
Key Features:
Progressive Function Disabling:
SentiProtect offers a progressive function disabling feature that ensures lenders can secure their loans effectively. In the event of a default, the smartphone’s functions are gradually limited. This process begins with a wallpaper block, replacing the customer’s wallpaper with a reminder of the outstanding debtamount, prompting them to make the payment.
Social Media App Restriction:
As part of the progressive locking mechanism, SentiProtect restricts access to social media applications, encouraging borrowers to prioritize their loan repayment.
Complete Phone Lock with Contact Options:
In the final stage of the progressive locking process, SentiProtect enforces a complete phone lock, allowing the customer to access only a designated page that enables them to contact the lending organization and emergency numbers. This ensures that communication channels remain open for essential matters.
Service Categories
Collection-As-A-Service (CaaS): Sapphire will seamlessly integrate the Sentiprotect Technology to provide a comprehensive
end-to-end solution for Lenders. It’s important to note that this service does not replace the traditional loan recovery methods of the bank but rather serves as a valuable enhancement to elevate the overall collection service.
Lender Debt Collection Platform: In this category, Lenders receive a personalized dashboard and backend access to
directly activate Sentiprotect for their customers. This empowers Lenders with a more hands-on approach to debt collection while leveraging the advanced capabilities of the Sentiprotect system.
Key Benefits of SentiProtect
Enhanced Loan Security:
SentiProtect enhances loan security by providing lenders with a powerful tool to mitigate the risk of loan defaults. The progressive function disabling, including the personalized wallpaper block, serves as a compelling incentive for borrowers
to meet their repayment obligations.
Improved Risk Management:
Our solution also empowers lenders with improved risk management capabilities. By monitoring smartphone usage and implementing progressive locking, lenders gain valuable insights into borrower behavior, enabling them to make informed
lending decisions.
Cost Savings:
Reducing loan defaults translates to substantial cost savings for lenders. SentiProtect’s ability to encourage prompt payments not only safeguards the loan portfolio but also reduces the administrative and legal costs associated with handling defaults.