ODYSSEY: Datacultr to drive financial inclusion with its IoT solution
Datacultr, an IoT enablement platform announces the launch of its risk management solution – ODYSSEY targeted at the Financing sector in the emerging world. With ODYSSEY, Banks, Consumer finance lending & Fintech companies can provide credit to underserved people, significantly reducing their risk and NPLs.
Billions of people across the globe lack access to cheap credit, required either for working capital or various life events like births, weddings & deaths or to protect against natural and man-made disasters. Financial inclusion of these people is critical. Lending small amounts to buy a smartphone is one of the innovative ways that consumer lending & fintech companies have identified, to bring such people in the fold of organized credit. Such loans help them build a user’s profile and their credit score, allowing larger amounts to be disbursed basis favourable scores. But such loans come with their fair share of challenges, for instance, the challenge with financing smartphones is that the lender doesn’t have any real control over the asset. ODYSSEY allows them to make this device into viable collateral, by providing NBFCs with an access point to such lent out devices.
Datacultr: Cloud of Things
Datacultr’s Cloud of Things includes the following:
-Device Management
-Seamlessly manage a remote device one to many, over-the-air. The Platform enables you to configure, provision, and update devices ad-hoc or by using custom schedules. Devices are tagged to allow easy campaign creations, tags may include device’s organization, location, type, or other parameters
-Single console for complete mobile device management
-Device Discovery & Asset Monitoring
-Track the location & health of your valuable assets, securely & remotely
-Identify any unauthorised movement of your assets
-Firmware Over The Air
-The complete infrastructure you need to update your devices wirelessly
-OTA firmware updates remotely update your devices with new features, bug fixes & OS updates
-Diagnostics
-Actively monitor the health of your devices
-Schedule regular checks & maintenance
-Improve customer service and reduce servicing costs at the same time
Datacultr Data Stream Network, PaaS enables secure bi-directional communication & management between sensors, devices, and the enterprise’ backend infrastructure. With its platform, Datacultr has put together all the building blocks of IoT stitched together on one platform, so that enterprises can go to market almost 6X faster.
Datacultr continues to keep its eye on the market while developing its platform to include tools and features that help keep its customers ahead of the curve in the connected devices space.
