VeendHQ has reported that its AI-driven credit platform, Vida AI, successfully recovered N69 million from a total loan portfolio of N172.5 million, specifically targeting loans that were over 90 days overdue. This pilot program underscores the increasing significance of technology in enhancing loan recovery processes and managing financial portfolios. The achievement is particularly noteworthy as lenders face heightened pressures to improve recovery rates amid challenging economic conditions.
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