Jocata (a subsidiary of BillDesk) is a leading digital transformation partner for the BFSI industry, enabling 50+ large financial institutions to be future ready by using modular and scalable best in class technology. Founded in 2010 & headquartered in Hyderabad, Jocata specializes in digital lending using credit automation, smart decisioning and intelligent monitoring. The purpose-built platform from Jocata powers enterprise lending programs for large banks and NBFCs. The highly configurable and low-code platform also operates in a SaaS model to enable analytics driven lending and embedded finance models for lenders, fintechs, neobanks, and marketplaces.
With our deep expertise in the credit ecosystem, we built proprietary Artificial Intelligence/Machine Learning (AI/ML) based scoring models to assess MSME and Retail borrowers (Individuals, Self-employed Professionals and Non-professionals) with ‘SME DNA’ and ‘Retail Persona Score’ respectively. We empower financial institutions with deep behavioural and predictive analytics for better underwriting decisions and the overall creation and maintenance of a data-oriented credit policy framework.
In an industry first, Jocata launched India’s first MSME Economic Activity Index -Jocata Sumpoorn in association with Small Industries Development Bank of India (SIDBI). Addressing a crucial data-gap in the MSME space, this MSME-specific high-frequency indicator is developed using actual monthly sales data (consent-enabled and anonymized) of credit-seeking MSMEs. It aims to empower financial institutions, policymakers, and economists to strategize credit flow and create tailored policies for the sustainable growth of Indian MSMEs.