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European Fraud Predictions 2021: 5 Top Trends – with a Twist

Fico Collections

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 3: The UK Government Will Aggressively Prosecute Bounce Back Loan Fraud.

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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.

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Responsible AI: Are European Firms Ready for the Regulators?

Fico Collections

Up to 27% of organisations in this sector haven’t even started defining their ethical and responsible AI capabilities yet. There are wide gaps in understanding the importance of AI ethics and AI governance among key business stakeholders in this sector. Less than 20% of AI budgets are being spent on it.

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Mibanco Expands Microlending, Helps Customers During Pandemic

Fico Collections

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.

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The Role of Data in Managing Fraud and Financial Crime Today

Fico Collections

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. Unified policies and procedures, and shared governance structures, present the next level of integration.

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Department Of Education Moves To Make Owners, Investors, And Controlling Parties Responsible For College And University Liabilities

Collection Industry News

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. score below 1.5

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State of the Collections Industry in 2021

The Kaplan Group

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. Government mandated forbearance programs resulted in sharp declines in delinquencies for student loans and mortgages. That’s a 2.5% decline per year.