Credgenics ranked as top Retail Lending Vendor in IBSi’s India Domestic Sales League Table 2023

By Gloria Methri

Credgenics, one of the leading providers of SaaS-based debt collections and loan resolution technology platforms, has been recognized as the Market Leader in the Retail Lending Systems category in the IBSi India Domestic Sales League Table.

This prestigious recognition comes from the UK-based research and advisory analyst firm, IBS Intelligence in its Annual Sales League Table 2023, and marks the second consecutive year of Credgenics’ category leadership.

The IBSi Sales League Table, which has been operational for over two decades, is a renowned industry ranking that assesses and recognizes the sales performance of banking technology systems globally in terms of new order wins over the course of the year across 21 categories, including retail lending. It is widely recognized across the industry as a neutral benchmark for banking technology system sales globally.

IBSi SLT 2023 saw participation from 57 technology suppliers, submitting 1,500+ deals spanning 134 countries. The India Domestic SLT has 250 qualified deals across 14 categories and 42 products this year.

Credgenics’ superior product capabilities, emphasis on innovation, and customer-centric approach have once again catapulted it to the top of the retail loan collections market, demonstrating its unmatched commitment to meeting the sector’s changing needs.

Credgenics has created a major impact on the lending ecosystem through its AI-powered SaaS-based integrated collections technology platform, which allows lenders to digitize and automate their end-to-end recovery workflow, including multi-channel communications, collections strategy, field operations, litigation management, billing, digital payments, and reconciliation.

The company’s innovative out-of-the-box approach with a digital-first and data-driven model has helped lenders reimagine debt collection processes for the future.

Rishabh Goel, Co-founder, and CEO, Credgenics, said, “We are thrilled to hold the prestigious position of being the Best-Selling Loan Collections Platform in India for the second year in a row. This recognition reinforces our team’s unwavering dedication to quality and the trust that our customers place in us. We remain committed to driving innovation in the loan collections space, continuously enhancing our platform capabilities to deliver exceptional results, and providing value to our esteemed clients.”

“On behalf of IBSi, I extend my congratulations to Credgenics for holding the top spot in ‘Retail Lending in India Domestic SLT 2023’,” said Nikhil Gokhale, Head of Research Platforms at IBS Intelligence. “The top position is a testament to Credgenics’ deep understanding of the Indian lending ecosystem, as well as their ability to deliver tailored solutions that meet the evolving needs of borrowers and lenders alike.”

Credgenics said its achievement in securing the top position in the IBS Intelligence India Sales League Table demonstrates its ongoing commitment to product excellence, customer satisfaction, and industry thought leadership. The company’s pursuit of innovation and its focus on helping financial institutions maximise debt recovery, has cemented its position as the premier provider of loan collections technology platforms.