SoftSettle Support
It’s been quite long since we had the first conference or debate about automating processes in the debt relief industry and while artificial intelligence (AI) has not made the magical inroads that has always been promised, it’s coming. Really, it has been a latent need, to say a dream to be fulfilled and now it is becoming a reality.
Companies have been quietly working on artificial intelligence solutions for other industries like the legal field and they’ve made significant progress. Technology has started contributing its investments in the debt resolution space and the companies supposed to be the debt resolution providers have started adopting these opportunities aided by Artificial Intelligence and much to the surprise of everybody the banks and other financial institutions are ready to resort to these opportunities as the debt relief methods.
In the years ahead, there will be significant and rapid change in the interaction between consumers and banks/collection entities for the collection and settlement of debt via web portal and mobile applications. There will always be some kind of consequence for not paying back your debt in full, where there will always be a lenience on the part of the Creditors so far as the options and tools for managing that repayment becomes dramatically easier, reachable in the palm of your hand on your smart-phone, and engaged and integrated with you as part of your daily routine.
Many consumers are struggling with debt, will instead start loving an automated Artificial Intelligence system where they can resolve their debts in silence and make payment without human intervention. Even if a proposed repayment is not the best payment available, the ability to resolve their financial conflict without human intervention will have some value and make the process earlier.
As for the financial institutions who want to try and complete mass market with future Artificial Intelligence solutions will drive prices for services down to a reduced costs or sometime no cost at all. An Artificial Intelligent debt settlement system is introduced in India and other Asian countries for the first time by SoftSettle Support only.
SoftSettle Support argues for the 24×4, round the clock discharge of services and integrating the features like synchronous and asynchronous conveniences could lead to provide the parties more opportunities and confidence and their anticipation of result might never go betrayed.