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Aeris Augments IoT Capabilities with next-gen Asset Assurance Platform for BFSI Sector

 Aeris Communications, a preferred Internet of Things (IoT) technology partner for enterprises, today announced the launch of ‘Aeris Asset Assurance Platform’.  This is industry’s first comprehensive asset protection and repossession IoT platform for the auto financing and lending companies as well as enterprises using third party fleet services for their logistics and distribution.
 
Rishi Bhatnagar - President Aeris India
The overall commercial vehicle market has seen robust growth over the past two years – 20% in FY 2018 and 18% in FY 2019 – making India the world’s 3rd largest and fastest growing commercial vehicles market, globally. But, the repossession losses for commercial vehicles have been very high. Given the secured nature of lending, asset repossession becomes an important consideration for financers in the automotive sector.

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