Neokred Launches Collectbot 3.0 to Boost AI-Driven Fraud Detection and Compliance for Banks
Collectbot 3.0 introduces an AI-driven fraud analytics layer that can classify risks, detect anomalies, and support regulatory compliance in real-time.
Bengaluru-based fintech startup Neokred has launched Collectbot 3.0, an AI-powered merchant management platform designed to help banks and enterprises strengthen fraud detection, automate compliance processes, and improve financial operations at scale.
Collectbot 3.0 is designed to provide banks and enterprises with a scalable foundation for managing payments, compliance, and fraud prevention in an increasingly digital financial landscape.
Built on a newly certified UPI acquiring switch, the latest version of the platform introduces an AI-driven fraud analytics layer that can classify risks, detect anomalies, and support regulatory compliance in real-time.
According to Neokred, Collectbot 3.0 leverages machine learning algorithms to analyse transaction data continuously, enabling banking partners to identify and isolate suspicious activities before they impact payment settlements. The company says this approach helps reduce false positives while maintaining stringent compliance standards.
"With Collectbot 3.0, we are elevating industry standards by embedding deep, proactive risk management into open banking frameworks. By combining an AI-driven analytics core with a highly robust, certified UPI switch, we aren't just facilitating payments; we are providing a highly reliable gateway that serves as a cornerstone for modern compliance and trust infrastructure," said Tarun Nazare, Neokred Co-founder.
"Our core mission has always been to build infrastructure that scales seamlessly alongside our partners' ambitions. Collectbot 3.0 achieves exactly that by giving banks the AI tools needed to maintain absolute regulatory fidelity, shifting the burden of manual oversight into a fully automated, scalable compliance and trust infrastructure," said Rohith Reji, Neokred CEO and Co-founder.
The platform also features an AI-powered compliance engine that automates audits and regulatory monitoring, a centralised merchant management console, and automated collections and settlement capabilities.
Neokred claims its certified UPI acquiring switch delivers high transaction success rates while supporting payment modes such as Collect, Intent, and Autopay.
