Leading global risk mitigation platform spocto establishes presence in MENA

Leading global risk mitigation platform spocto establishes presence in MENA

- Operating from its first regional headquarters at Dubai Financial Centre (DIFC), spocto will offer lenders seamless, digitally-led risk mitigation and collection processes

- Endeavouring to be a part of the India-UAE Start-Up Corridor, a recent partnership between DIFC and FICCI LEAD, spocto considers the UAE to be a springboard for global ambitions

Dubai, UAE: spocto, a Yubi company, has launched in the Middle East and North Africa (MENA) with regional headquarters located in Dubai International Financial Centre (DIFC). As a leading risk mitigation platform, spocto is establishing a foothold in the region, with the UAE serving as a springboard for its global ambitions.

A trusted risk mitigation platform for lenders, spocto leverages artificial intelligence (AI) and machine learning (ML) to provide lenders with an enhanced customer experience and improved collection efficiencies while maintaining high compliance standards.

spocto’s suite of products implements more than 5,000 proprietary algorithms, applies ML and uses predictive AI to extract insights from otherwise ambiguous data. As a result, the risk mitigation platform provides lenders with seamless, digitally led processes and improves their financial safety net, which in turn reduces human dependency and bounce rates while increasing self-pay rates.

Gaurav Kumar, Founder & CEO of Yubi, said: “Expanding internationally from the