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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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.

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Responsible AI: Are European Firms Ready for the Regulators?

Fico Collections

In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations. Systems used in banking and financial services are firmly in scope and could be enforced as early as the second half of 2024.

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Katabat Expands Product Reach by Acquiring Simplicity Collection Software

Katabat

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. About Terminus Capital Partners.

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Katabat Expands Product Reach by Acquiring Simplicity Collection Software

Katabat

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. About Terminus Capital Partners.

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Katabat Attracts Significant Growth Investment from Tritium Partners and Terminus Capital Partners

Katabat

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.

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

Fico Collections

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. Debbie holds a B.A.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

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.