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Introduction to an ML-Powered Debt Management Approach

Qualco

The debt challenge across Europe keeps unfolding, especially after many of the moratoria that were in place in the previous months ended. According to our NPL Outlook Europe 2021 report, global debt could exceed $360 trillion by 2030. In that context, lenders need to have access to state-of-the-art technology to avoid major losses.

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Building a powerful Early Warning Mechanism with ML and Advanced Analytics

Qualco

The global economic turmoil over the past months has pushed the financial industry into uncharted waters. The number of customers likely to face distress constantly increases and creditors are at the crossroads. The use of Machine Learning (ML) and Artificial Intelligence (AI) is building momentum in the credit management industry.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. This debt can include anything from credit cards to past due balances on office space. Writ of Garnishment.

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Can Open Banking and AI Help Us Manage At-Risk Customers?

Fico Collections

Since the start of 2021, Open Banking is now front-of-mind for far more major creditors. In fact, a number of high street banks and financial institutions are looking at ways to incorporate Open Banking affordability and transaction-based analysis directly into default scorecards, to help supplement scores and datasets.

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