October, 2021

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The Five Pillars of a Decision Management Platform

Fico Collections

A platform approach makes competitive differentiation far easier by providing an enterprise-wide suite of core capabilities and services that are used to create the organization’s “brain and central nervous system”. A top-performing platform provides the capabilities to derive characteristics from the available data. Business Rules .

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Top Challenges in Risk Management: Are Your Risk Models Working?

Fico Collections

The immediate focus should be on revisiting decision strategies to make risk-targeted modifications and overlays , including changing dialler prioritisation rules, using more data at origination and increasing exposure selectively, with greater focus on a customers’ capability and desire to repay.

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How to Start Building Credit as a Recent College Grad

Credit Corp

You might not yet be able to qualify for a traditional credit card, but a secured credit card should be well within your capabilities. Keep your momentum alive by applying for a credit card, one with perks that appeal to you, and terms that you can manage. Your credit limit will probably be low, but that is ok.

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More States Follow California’s Lead To Enact Data Privacy Laws

Collection Industry News

Some companies that operate in multiple states are adopting practices that align with California’s law as a baseline, she said, and more consumers are seeing opt-out capabilities and banners about cookie-tracking on company websites.

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Avoid Wire Fraud Losses

Troutman Sanders

The 11th Circuit relied on the comments to § 4A-207, ruling: A very large percentage of payment orders issued to the beneficiary’s bank by another bank are processed by automated means using machines capable of reading orders on standard formats that identify the beneficiary by an identifying number or the number of a bank account.

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