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New face on old tricks with AI debt collectors

China Daily | Updated: 2018-06-13 08:24

ARTIFICIAL INTELLIGENCE has reportedly been used by some lending platforms to collect debts. Beijing News comments:

It is reported that lending platforms are experimenting with new technologies to collect outstanding debt repayments. According to reports, the algorithms do the job in a rather "creative" way. They will search the materials and contact information of the debtors online, then having determined the contact information of known contacts of the debtors, call them one by one.

Further, some can even collect and process big data and analyze the psychology of the debtors, so as to make "tailored" measures for them, such as bombarding them with text messages and phone calls and spam emails.

New face on old tricks with AI debt collectors

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