article thumbnail

Introduction to an ML-Powered Debt Management Approach

Qualco

Reinventing the way financial institutions reach out to customers is an essential step towards a more efficient debt collection process. ML can lead to an optimised debt collection process not only by picking a different contact channel but also by providing insights on when to contact the customer and with what message.

article thumbnail

Rising cost of living: Leveraging ML and advanced analytics for proactive debt management

Qualco

It is of great importance that financial organisations should invest in advanced technologies, such as Machine Learning and advanced analytics, to proactively efficiently manage the increasing debt and optimise the collection process. Want to get a full grasp on the ways they can do so?

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Katabat Speeds Digital Debt Collections with Powerful EasyCollect Mobile Payment Portal

Katabat

12, 2019 — Katabat, a leading global supplier of debt management software solutions, has launched Easy Collect, a powerful, yet easy to deploy, mobile payment portal for lenders and debt collection agencies. To learn more about our full range of debt management products, contact Katabat at info@katabat.com.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.

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. The use of Machine Learning (ML) and Artificial Intelligence (AI) is building momentum in the credit management industry.

article thumbnail

Developing Countries Paid Record $443.5 Billion on Public Debt in 2022

Collection Industry News

. “Every quarter that interest rates stay high results in more developing countries becoming distressed—and facing the difficult choice of servicing their public debts or investing in public health, education, and infrastructure. Surging interest rates have intensified debt vulnerabilities in all developing countries.

article thumbnail

Top 3 Actions for Delinquency Management Alleviating Inflation Concerns

Fico Collections

The financial institutions who were resilient during the pandemic learned from their experiences in 2008 and were better prepared for inflation. Thu, 08/22/2019 - 12:37. by Cyril Cherian. expand_less Back To Top. Wed, 11/30/2022 - 16:00. See all Posts. chevron_left Blog Home. expand_less Back To Top. Related posts.