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

Qualco

By utilising advanced technologies and digital tools, financial institutions will be in a position to increasingly modernise debt collection and build a sound framework that will identify at-risk customers before they fall behind on payments. Want to get a full grasp on the ways they can do so?

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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.

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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?

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Peering Over The Edge Of The Financial Cliff

Fico Collections

At the beginning of the lockdowns a former colleague described the problem facing financial institutions as a ‘portfolio of good quality customers facing a temporary shock to their income, all they need is a bit of immediate assistance’. Financial Cliff: More Problems to Come. Financial Cliff: Rethinking Hardship.

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

Fico Collections

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. Open Banking Is Part of the Answer. by Bruce Curry.

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

Debt RR

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.