article thumbnail

Enhancing Credit Management with Automation and Real-Time Data

Qualco

These advancements, combined with user-friendly digital platforms, can transform the entire credit industry, making it more efficient, transparent and tailored to individual client needs.

article thumbnail

Vice Media – From Billions to Bankruptcy

CICM

Now, they are close to filing bankruptcy and a group of lenders look to take over Vice Media group for £180 Million for a meagre 3.6% The Media giant faces closure of ‘Vice News Tonight’, which could result in massive redundancies to its workforce. What does this mean for Credit Managers?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building a powerful Early Warning Mechanism with ML and Advanced Analytics

Qualco

Being into effect from the 30th of June 2021, they apply to all credit institutions in Europe and state that lenders must implement Early Warning Systems (EWS) for the effective management of their portfolios. Want to get a forward-looking perspective on how machine learning can take credit management to the next level?

article thumbnail

Risk management in 2023: proactive and promising

On Guard

It’s therefore essential for finance professionals to closely monitor and manage their organisation’s cash flow. You can tackle cash flow problems through proper inventory management, tighter payment agreements with customers or applying for financing from a lender, for example.

article thumbnail

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Jimerson Firm

In reviewing a loan file after a default by a borrower, lenders should evaluate whether the loan includes an acceleration clause and whether the loan is secured by any personal guaranties. Part 2 of this series analyzed pre-foreclosure loss mitigation options for lenders dealing with hotel/restaurant mortgage defaults.

Lender 98
article thumbnail

What does the credit industry predict for the second half of 2023?

CICM

The FCA continues to develop its regulations and its expectations of lenders. And as the credit industry and its products evolve, regulation is expected to adjust to embrace this. Competition Competition in the credit industry is expected to intensify in the second half of 2023, particularly in the consumer lending market.

Lender 52
article thumbnail

Why Is Credit Important? 10 Reasons You Need a Good Score

Credit Corp

Yet, whether or not you can do so depends on factors such as the lender’s policies or the type of loan you want to pay off. Good credit can open doors, but bad credit can keep them shut. In fact, research shows one in 10 Americans were denied work because of poor credit history! The post Why Is Credit Important?

Loans 96