Dun & Bradstreet Technologies will use its analytical tools to predict the financial stress and bankruptcies that SME borrowers of state-owned Indian Bank are likely to face in the next 18 months.
“We will be using our predictive analytical tools to assess the financial stress, bankruptcies, propensity to pay back the loan and the ease of collection and other aspects about the small and medium enterprise (SME) borrowers of Indian Bank,” Ganesh Sethuraman, managing director, Dun & Bradstreet Technologies, told IANS on Friday.
Vivek Agarwal, the senior vice president of the company, told IANS that the SME loan accounts of Indian Bank in the western region would be taken up first for the analysis. Sethuraman said the assignment would enable the company to prove the concept and launch the fuller service for banks and financial institutions.
Once the proof of concept is established D&B will launch its service sometime around June this year. India is the fourth largest economy in the world and the estimated market for this service is around $50 million.
Source: Business Standard