Katabat

JANUARY 5, 2021

The acquisition aligns with and accelerates Katabat’s vision to be the dominant provider of debt collection software products for global consumer lenders and third-party agencies. Terms of the transaction were not disclosed.

Collections 40

Collections Acquisition Collection Agencies Collections Agency 40

Katabat

JANUARY 5, 2021

The acquisition aligns with and accelerates Katabat’s vision to be the dominant provider of debt collection software products for global consumer lenders and third-party agencies. Terms of the transaction were not disclosed.

Collections 40

Collections Acquisition Collection Agencies Collections Agency 40

Fico Collections

JUNE 23, 2022

The way organizations have grown has not been conducive to achieving a holistic view,” said Julie, noting that growth through acquisition creates “huge silos from those acquisitions that never get put together. Julie added that bank mergers and acquisitions, and retirements, open up the possibilities for change.

Acquisition 52

Acquisition Financial Institution Banks Government 52

Katabat

AUGUST 5, 2020

We see significant potential for Katabat as a leader in a market that is increasingly seeking out intelligent, compliance-minded, and data-driven work-flow management capabilities that enable a true omni-channel experience for consumer customers throughout the entire credit lifecycle.

Debt Management 52

Debt Management Collection Agencies Collections Agency Acquisition 52

Fico Collections

APRIL 26, 2023

Consumer defection and acquisition are costly, as are customers who may maintain but cease to use an account. Better detection Overwhelmingly, customers want banks to improve their fraud detection capabilities to stop scams before they happen.

Banks 52

Banks Education Financial Institution Acquisition 52

Fico Collections

JANUARY 8, 2021

FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. If you’re interested in making smarter, faster acquisition and retention decisions, we’d love to talk with you. . #2. Finding Business Opportunities From Covid-19. by FICO.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

Re:Ceeve

JUNE 23, 2020

For example, if a customer is suffering from financial hardship and their account falls into arrears, current banking collection processes simply don’t have the capability to pivot. According to Invesp , 44% of organisations place a greater emphasis on customer acquisition versus 18% who focus on retention.

Loans 78

Loans Banks Acquisition Collections 78

Nexa Collect

NOVEMBER 28, 2020

A clinic’s primary focus should be on efficiency and productivity – ensuring that members of staff are performing to the best of their capabilities so that they can provide the best quality service in the shortest period of time. How can clinics make sure that they are spending wisely here?

Healthcare 130

Healthcare Acquisition 130

On Guard

DECEMBER 9, 2022

So developments in new technologies and data acquisition and storage are moving fast. Predictive: the second dimension is predictive capability. Prescriptive: the third, final and most interesting dimension of big data is the prescriptive, or determining, capability. If this is possible, the final dimension is close at hand.

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

On Guard

DECEMBER 9, 2022

So developments in new technologies and data acquisition and storage are moving fast. Predictive: the second dimension is predictive capability. Prescriptive: the third, final and most interesting dimension of big data is the prescriptive, or determining, capability. If this is possible, the final dimension is close at hand.

Credit Management 52

Credit Management Debtor Acquisition Financial services 52

Fico Collections

DECEMBER 21, 2020

With millions of companies worldwide struggling to correctly set up their remote access capabilities , the risks of data leakage and hackers impersonating employees have risen. Prediction 5: Banks Will Emphasize Customer Retention Over Customer Acquisition.

Banks 52

Banks Loans Government Acquisition 52

Fico Collections

MARCH 17, 2022

Mibanco, the largest microfinance bank in both Peru and Latin America, has used FICO Platform’s Decisions Capability to boost its lending capacity and respond quickly to changing market conditions during the pandemic. How FICO Platform Decisions Capability Can Help Drive Better Business Outcomes. Loans That Improve Lives.

Loans 52

Loans Retail Banks Education 52

The Kaplan Group

JANUARY 7, 2021

While much of the decline is due to mergers and acquisitions, the majority of firms that simply closed were small, local firms or larger agencies with heavy overhead. This varied toolbox includes more automated strategies, such as the use of a predictive dialer, IVR capabilities and speech analytics. That’s a 2.5%

Collections 59

Collections Collection Agencies Collections Agency Student loans 59

Fico Collections

DECEMBER 2, 2020

While most banks in the region (80%) have technology that uses character recognition (OCR) to extract data from identity documents, only a third have the capabilities needed to compare a ‘selfie’ image to an identity document or to verify the real-time presence of the applicant with a ‘liveness’ check.

Banks 72

Banks Financial Institution Acquisition Financial services 72

Collection Industry News

APRIL 11, 2022

Organizations contemplating an investment or acquisition in private higher education also will want to consider this development carefully. While changes in ownership at times involve the acquisition of a distressed institution, they also may involve two strong organizations with no financial or compliance concerns.

Education 40

Education Acquisition Government Judgment 40

Fico Collections

MARCH 7, 2023

Up to 27% of organisations in this sector haven’t even started defining their ethical and responsible AI capabilities yet. In fact, a sizable proportion of one in four don’t see it becoming a core element of their strategy for another three to five years yet.

Financial services 52

Financial services Banks Government Acquisition 52

Troutman Sanders

JULY 12, 2021

On July 9, President Joe Biden issued an executive order, requiring federal regulators to increase scrutiny of mergers and acquisition within the banking industry. This brings total loan cancellation based on borrower defense by the Biden administration to over $1.5 billion for nearly 92,000 borrowers. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Acquisition 52

Acquisition Credit Unions Credit Unions Financial Institution 52

Fico Collections

JULY 9, 2021

These solutions provide great benefits once an account has been originated, however they lack effective tools for the acquisition stage of the lifecycle. This is where the latest prescreening solutions can help by offering easy-to-access, cloud-based solutions that provide the necessary tools for personalized and targeted customer campaigns.

Credit Unions 52

Credit Unions Credit Unions Acquisition Banks 52

Credit Corp

JUNE 30, 2021

The BDC has the capability to invest in both debt and equity. Propane segment grew EBITDA by 35% due to the contribution from acquisitions as well as a boost from unusually cold temperatures. Main Street Capital Corporation also invests in the private debt of middle market companies and has an asset management advisory business.

Retail 94

Retail Loans Trade Acquisition 94

Fico Collections

DECEMBER 8, 2022

As we discussed in part 1 of this blog series , FICO® Resilience Index (FRI) was designed with precisely this capability in mind. As we discussed in part 2 of this blog series , which focused on customer acquisition risk management decisions, lenders may choose to take a two-layered risk appetite approach.

Lender 52

Lender Acquisition Loans Collections 52

Fico Collections

JUNE 11, 2021

As we discussed in part 1 of this blog series, FICO® Resilience Index (FRI) was designed with precisely this capability in mind. As we discussed in part 2 of this blog series, which focused on customer acquisition decisions, lenders are more frequently adopting a two-layered risk appetite approach.

Lender 52

Lender Acquisition Loans Collections 52

Receivables Control

JUNE 17, 2019

Throw turnover, leadership changes, and mergers and acquisitions into the mix and you have the recipe for a fast-paced career! That’s not true, as a full service agency we are fully capable of supporting ourselves with the right tools. There is never a dull moment! The Downside of Change. All this change adds stress.

Retrieval 62

Retrieval Collection Agencies Collections Agency Collections 62

Fico Collections

JUNE 5, 2023

But with the help of a cloud platform architecture, companies can now turn to greater adoption of data ingestion, analytics and advanced credit risk capabilities, to help improve the acquisition process and deliver exceptional customer experiences. It's also hugely efficient.

Acquisition 52

Acquisition Trade Collections 52

Fico Collections

JULY 5, 2023

FICO Platform enables unparalleled data access, import, format and deployment capabilities to apply the right data to each decision, even when that data resides in disparate systems. Over time, the FICO Platform capabilities used to address fraud can be expanded to manage more use cases, like originations and the customer lifecycle.

Acquisition 52

Acquisition Banks Debtor Financial services 52

Fico Collections

NOVEMBER 15, 2022

While there’s a tendency to focus Next Best Actions primarily on acquisition and customer management, they’re equally applicable to collections, loss prevention and recovery. All the key requirements outlined, and the capabilities required to deliver them, are proven components of FICO Platform. See all Posts. chevron_left Blog Home.

Acquisition 52

Acquisition Banks Financial services Lender 52

Fico Collections

JUNE 23, 2023

However, existing personalization practices are maturing and major gaps are appearing in the personalization capabilities currently in place. Now seven out of 10 people expect a personalised experience.

Financial services 52

Financial services Banks Acquisition 52

Fico Collections

DECEMBER 15, 2021

Many journeys (both acquisition and servicing) are now well-established in the digital channel and customers have adopted them at an accelerated rate out of necessity during lockdowns. This insight combined with an omni-channel communication capability will increasingly be the infrastructure that institutions move towards.

Financial Institution 52

Financial Institution Banks Lender Acquisition 52

Fico Collections

JANUARY 18, 2023

Right now, top performers are focussed on building agile, flexible and scalable capabilities. Data capture at customer acquisition should not be limited to data that is required to complete the originations process. He asked, “Do you have the right tools and capabilities to do these six things well?”

Collections 52

Collections Retrieval Lender Debtor 52