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. It’s the duty of a responsible lender to carry out proper credit checks and manage the accounts accordingly.

Loans 78

Loans Banks Acquisition Collections 78

Fico Collections

DECEMBER 8, 2022

Lenders must adopt a similar mindset as they manage the financial health of their consumer lending portfolios to insulate their existing assets from potential portfolio risk volatility. As we discussed in part 1 of this blog series , FICO® Resilience Index (FRI) was designed with precisely this capability in mind.

Lender 52

Lender Acquisition Loans Collections 52

Fico Collections

JUNE 11, 2021

Lenders must adopt a similar mindset as they manage the health of their consumer lending portfolios to insulate their existing book of business from potential risk volatility. As we discussed in part 1 of this blog series, FICO® Resilience Index (FRI) was designed with precisely this capability in mind.

Lender 52

Lender Acquisition Loans Collections 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

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

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

These factors and others led our experts in debt collection to address ways that lenders can manage the rising number of people in the collections queue. Bruce Curry looked forward near the start of the year and saw a number of challenges in debt collection for lenders sifting through the pandemic’s inevitable financial fall-out.

Collections 52

Collections Retrieval Lender Debtor 52

Fico Collections

NOVEMBER 15, 2022

Successfully devising Next Best Actions / Next Best Offers is a win-win for lender and customer alike. Regardless of the channel or product, providing the customer with the right offer or service at the right time via the right channel, can all be determined by analysing their behaviour with the different products they have with the lender.

Acquisition 52

Acquisition Banks Financial services Lender 52