This paper is published in Volume-10, Issue-1, 2024
Area
Economics , Technology
Author
Ananya Bhatnagar
Org/Univ
Amity Pushp Vihar, New Delhi, Delhi, India
Pub. Date
03 February, 2024
Paper ID
V10I1-1192
Publisher
Keywords
Technology, Debt, Planned Defaulters

Citationsacebook

IEEE
Ananya Bhatnagar. Role of technology in finding planned defaulters, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Ananya Bhatnagar (2024). Role of technology in finding planned defaulters. International Journal of Advance Research, Ideas and Innovations in Technology, 10(1) www.IJARIIT.com.

MLA
Ananya Bhatnagar. "Role of technology in finding planned defaulters." International Journal of Advance Research, Ideas and Innovations in Technology 10.1 (2024). www.IJARIIT.com.

Abstract

The paper focuses on the role of technology in finding planned defaulters. With the fast-paced advent of financial technology, it is imperative that technology plays a key role in enhancing customer experience esp. around security and preventing default. The paper identifies the role of technology in identifying planned defaulters and how it can be adapted and used to prevent such mishaps from happening in the future. A quantitative survey has been undertaken, which shows fast adoption of fintech solutions by Merchants/small-scale businesses. The survey also highlights the concern of risk associated with fraud and how well the Merchants can adapt to tech solutions to prevent such incidents, thereby enabling technology to play a firm role in identifying planned defaulters. The paper summarizes current methods used to find planned defaulters by fintech companies and what should be done further in this area. The paper also lays out the future scope of research work.