Troutman Sanders

NOVEMBER 23, 2021

The report also emphasizes equity concerns and the importance of continued use of analog cards for those communities that might not have smartphones capable of supporting digital credentials.

Financial services 52

Financial services Government Banks Collections 52

Troutman Sanders

JULY 12, 2021

Extensive research took place during the pandemic on fitness tracker capability to not only detect COVID-19, but also track patient recovery to provide more insight into the long-term effects of COVID-19. To read more, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

DECEMBER 28, 2020

The Use Case describes the architecture and security capabilities for remote users as they begin to adopt mobile and cloud environments. Due to the current pandemic, this new draft is “designed to help agencies preserve security as they move away from traditional network scenarios in support of the maximized telework environment[.]”

Financial services 52

Financial services Foreclosure Government Debtor 52

Troutman Sanders

MAY 5, 2022

The CFPB’s recent announcement that it will now be examining non-credit products, services, and processes for discrimination under the Bureau’s UDAAP authority raises the question of how financial services companies should go about testing various aspects of their operations for potential discrimination.

Financial services 52

Financial services 52

Qualco

OCTOBER 25, 2023

Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives. It provides real-time information, helps analyse spending patterns, assess financial health, personalise products, and detect fraud. BOOK YOUR DEMO

Credit Management 80

Credit Management Debt Recovery Retail Collection Agencies 80

Fico Collections

MAY 2, 2023

However, it's also undeniable that there is often an alignment between consumer expectations and what will help to achieve better performance for a financial service organisation. Decision and Outcome Simulation – Tools that provide simulation capabilities can speed up the response to the identification of poor customer outcomes.

Financial services 52

Financial services Banks Lender Collections 52

Fico Collections

AUGUST 10, 2021

In previous posts, I’ve explored data-related capabilities of a financial platform , such as use of external data, data ingestion , development of a characteristic library and microservices. Financial platforms must have an orchestration capability which will enable a graphical representation of the decision processes.

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Financial services Banks Loans 52

Fico Collections

OCTOBER 21, 2021

A platform approach makes competitive differentiation far easier by providing an enterprise-wide suite of core capabilities and services that are used to create the organization’s “brain and central nervous system”. A top-performing platform provides the capabilities to derive characteristics from the available data.

Trade 52

Trade Financial services Banks 52

Consumer Financial Services Law

MARCH 26, 2018

Circuit’s review focused on four aspects of the FCC Ruling, this post will limit itself to an examination of the three aspects most relevant to the consumer financial services industry. While the D.C. Before discussing the D.C. Circuit’s holding, here is a reminder of the FCC’s Ruling on the relevant issues: The Definition of an ATDS.

Financial services 40

Financial services Collection Agencies Collections Agency Trade 40

Fico Collections

AUGUST 3, 2022

Banking and financial services continue to be disrupted by leaner, new-to-market fintechs andchallenger banks, as well as shifting economic and regulatory conditions. It’s for those that can harness the power of data, analytics, AI and machine learning capabilities at speed and at scale. Thu, 08/22/2019 - 12:37.

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Banks Financial services Government 52

Fico Collections

JANUARY 19, 2023

It’s an expectation that also applies to banks and financial services firms. As a result, 2023 should see an increased focus on building capability that enables hyper-personalisation. In fact, the combination of hyper-personalization and prescriptive analytics has already proved to be a game-changer for customer offers.

Banks 52

Banks Financial services Government Collections 52

Nexa Collect

DECEMBER 12, 2021

DeFi refers to Decentralized Finance; peer-to-peer financial services on a public decentralized blockchain network, particularly Ethereum. A system that interacts buyers, sellers, borrowers, or lenders with peer-to-peer technology to access financial products or financial services bypassing middlemen such as financial institutions.

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Fico Collections

AUGUST 11, 2022

In my last post, I discussed how financial services CIOs are in a unique position to help the business realize differentiating value from its data and analytic investments ( hint: it’s not all about the data ). Prioritizing Your Next IT Investment with a Focus on Reusable Capabilities.

Banks 52

Banks Financial Institution Financial services Government 52

Public Citizen

APRIL 1, 2021

So says an indentified financial services lobbyist, quoted in Neil Haggerty's article in The American Banker,  Will Senate vote on CFPB chief come down to tiebreaker? "Even though [Chopra's] a progressive, he demonstrated he's more than capable and more than qualified," the financial services lobbyist said.

Financial services 45

Financial services Banks 45

Fico Collections

MARCH 7, 2023

In banking and financial services within North America, our research shows that AI is an even higher priority now than 12 months ago for 52% of financial services organisations. Systems used in banking and financial services are firmly in scope and could be enforced as early as the second half of 2024.

Financial services 52

Financial services Banks Government Acquisition 52

On Guard

DECEMBER 5, 2022

On tokenization, 20% say they already have a good idea about how it works and its capabilities. In any case, many industries, such as financial services, logistics, real estate and healthcare, can benefit from the use of smart contracts. By using tokens, payment orders can be easily and securely executed.

Healthcare 52

Healthcare Financial services 52

True Accord

JANUARY 5, 2022

5, 2022 — TrueAccord Corporation , a debt collection company offering ML-powered digital recovery solutions, today announced a partnership with Synapse as an expansion of its Collections-as-a-Service offering. LENEXA, Kan.,

Collections 52

Collections Financial services Credit Bureau Banks 52

On Guard

MAY 31, 2023

APIs can also extend the life cycle of existing services and platforms by connecting the functionality of a new platform to a legacy service, creating new functionality and forward compatibility.

Retrieval 52

Retrieval Credit Management Financial services Debtor 52

Fico Collections

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients.

Banks 52

Banks Credit Unions Credit Unions Financial services 52

Collection Industry News

JUNE 21, 2021

Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. The system that already exists is capable of navigating this difficult time. Source: site.

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Law Firms Financial services Lender Collections 40

On Guard

JANUARY 5, 2023

APIs can also extend the life cycle of existing services and platforms by connecting the functionality of a new platform to a legacy service, creating new functionality and forward compatibility.

Retrieval 52

Retrieval Credit Management Financial services Debtor 52

Fico Collections

DECEMBER 15, 2020

The report also spotlighted the wide adoption of AI and machine-learning across the financial services industry (my colleagues Scott Zoldi and Doug Clare have also written about our recognition in those categories).

Financial Institution 52

Financial Institution Financial services Banks 52

Fico Collections

NOVEMBER 16, 2021

This release is built on FICO ® Studio, extending the value proposition every time a new capability is added. Cloud-native capabilities in scaling, continuous integration, and deployment to drive down the total cost of service. This powerful multiplier effect gives clients a solution that is unmatched in the industry.

Financial services 52

Financial services Loans 52

Troutman Sanders

JULY 20, 2023

Per the Fed, the first release of the FedNow Service provides optional features, including fraud prevention tools, the ability to join initially as a receive-only participant, request for payment capability, and tools to support participants in their handling of payment inquiries.

Banks 52

Banks Credit Unions Credit Unions Financial Institution 52

CSA

JUNE 7, 2021

iPSL have a proven track record of digital payment processing, working with clients across the financial services sector, handling approx. Based on his experience of the programme, he recommended two other colleagues to join the programme to further bolster their capability.? 160 million transactions every year.

Financial services 52

Financial services Banks 52

Fico Collections

JANUARY 25, 2021

I will define it here for financial services and regulated companies as the business strategy and processes by which an organization establishes who a customer is and ensures that activity on their accounts is carried out by them. Customer identity management is a term that is subject to a number of definitions.

Financial Institution 98

Financial Institution Banks Financial services 98

Fico Collections

JUNE 16, 2022

In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. It’s an era of needing to adopt the capabilities that have developed during the past 14 years. Meeting Debt Collection Challenges Amid a Squeeze on Income.

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Fico Collections

AUGUST 19, 2022

billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. A natural consequence of this growing use of open banking is that more consumers have come to view such capabilities as critically important. Fri, 08/19/2022 - 15:30.

Credit Unions 52

Credit Unions Credit Unions Banks Financial Institution 52

Fico Collections

APRIL 3, 2023

With more than 20 years experience in solving challenges in finance, energy, logistics, petrochemical and other industries, he is passionate about mathematical algorithms, simplifying modeling and bringing the value of advanced analytics into the hands of business experts.

Education 97

Education Financial services Government 97

Fico Collections

APRIL 26, 2022

In comparison, financial services is very well understood. I am proud of the level of maturity in self-regulation in financial services, and hope to see more industries engage in sharing at this level,” Scott agreed, asking Cortnie, “where do you see maturity at?” Second, how high are the stakes?

Government 52

Government Financial services Education 52

PDC Flow

DECEMBER 22, 2020

For PDCflow clients with multiple locations and departments (anywhere from two - hundreds), we have expanded our software’s capabilities to address your needs. This summer, Clark Hill Law launched the Financial Services podcast, Credit Eco to go. Many organizations have some degree of complexity that must be addressed.

Education 86

Education Financial services Collection Companies Collections 86

Collection Industry News

SEPTEMBER 12, 2022

The partnership will seek further success within the California higher education sector by directly supporting students, employees, alumni and retirees of UC San Diego through community-oriented financial services and access to the full-range of benefits provided to all members of UCU. “As

Credit Unions 40

Credit Unions Credit Unions Education Financial Institution 40

Payment Savvy

MAY 10, 2024

Rooted in the belief that individuals have a right to control their financial data, Plaid’s mission goes beyond just making data accessible. By implementing robust data controls, the company ensures user privacy while granting access to over 8,000 financial services. banks, which can pose a challenge for global operations.

Banks 52

Banks Financial Institution Financial services Collections 52

Fico Collections

FEBRUARY 1, 2021

However, that doesn’t mean that this acceleration has been evenly distributed across every company in the financial services industry, nor across every part of an individual financial institution. No”, but its effectiveness will be surpassed by customer self-service, chat and other digital capabilities.

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Collections Financial Institution Collection Agent Banks 68

Fico Collections

APRIL 5, 2021

If you speak with FORTUNE Global 1000 executives from around the world, they all have the same decision management mission: they need quickly transform their traditional business capabilities to digital…. Prescriptive Analytics. Connected Decisioning. Centralized Decisioning. Organizational Pervasiveness. by Jim Neumann.

Financial services 52

Financial services Education 52

Fico Collections

JANUARY 3, 2023

Leveraging existing capabilities that drive the data and analytic insights needed for customer-centric decisioning is by far the most effective way to maximise the value of an agreed outcome for both the customer and creditor and to the satisfaction of the regulator. But policies drive the wrong outcome far too often.

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Fico Collections

NOVEMBER 3, 2022

There will also be further opportunities for those creditors with sophisticated debt consolidation capabilities. For instance, clearly signposting those customers that need assistance to debt management companies (DMC), but subsequently offering a ‘return to brand’ agreement with the DMC when the customer is back on their financial feet.

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Collections Creditors Debt Consolidation Debt Recovery 52