Qualco

MARCH 12, 2024

Debtors who are serious about protecting their real estate assets or a small business need to feel they are dealing with a real person , capable of displaying empathy while offering options based on professional expertise. Therefore, the need to recruit the right people for collections teams is real and seems largely unmet.

Collections 97

Collections Debtor Banks Loans 97

Qualco

OCTOBER 25, 2023

Credit Lifecycle Automation & Open Banking Emerging technologies and the increased availability of data resources empower lenders to make informed credit decisions and offer improved services to a wider group of customers. It enables a more empathetic approach by offering tailored solutions to vulnerable customers. BOOK YOUR DEMO

Credit Management 80

Credit Management Debt Recovery Retail Collection Agencies 80

Fico Collections

MAY 2, 2023

I sat down with UK lenders in two roundtable discussions in March to explore the different approaches being taken to Consumer Duty compliance. For lenders with multiple products, this will mean taking account of all the relationships they have with a customer, across all product lines.

Financial services 52

Financial services Banks Lender Collections 52

Fico Collections

MAY 18, 2021

At the same time, advances in open banking, data streaming, microservices and real-time, event-triggered decisions suggests that we are more capable now than ever before of effectively leveraging the data we can access.

Collections 52

Collections Lender Banks Collection Agencies 52

Fico Collections

JANUARY 3, 2023

As 2023 begins, it is clear many lenders are at a metaphorical fork in the road when it comes to devising smart, agile collections strategies that will safeguard their customers and cement long-term loyalty, simply by helping them ride out the impact of the ongoing squeeze on household incomes.

Collections 52

Collections Lender Creditworthiness Creditors 52

Fico Collections

MARCH 22, 2022

The pandemic impacted the financial situation of SME’s in various ways, including the need to suddenly adopt digital banking channels, arrange repayment deferrals and of course an increased need for lending; a need which is increasingly being targeted by new lenders offering a simplified digital lending process.

Financial Institution 52

Financial Institution Banks Loans Lender 52

Fico Collections

SEPTEMBER 3, 2020

We have served lenders in all industries, enhancing decisions with flexible strategies and rules, improving analytic sophistication, maximizing profitability, and delivering relevant, engaging customer experiences. Lenders and service providers need agile, future-proofed, extensible solutions for business users.

Loans 52

Loans Lender Retail Financial Institution 52

True Accord

JULY 27, 2020

Banks, lenders, and other financial players are accelerating their digital transformation roadmaps, shortening years’ worth of development into mere months, in an attempt to service consumers at scale while managing the complexities of our new normal and the limitations of outdated infrastructure.

Financial services 100

Financial services Financial Institution Lender Banks 100

Fico Collections

MARCH 10, 2021

In 2020, FICO released two new versions of its FICO® Score in the United States — the FICO® Score 10 suite — to help lenders predict and manage credit risk: FICO® Score 10 leverages the latest data and modeling methodologies, while remaining backward compatible with previous versions of the FICO® Score. by David Binder.

Lender 52

Lender Consumer Credit 52

Fico Collections

OCTOBER 20, 2022

FICO ® Resilience Index tools that measure consumer resiliency, benefit lenders in a recessionary environment. How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? Given the current economic cycle,” Shree explained, “lenders need to understand the overall lending environment.

Lender 52

Lender Banks Financial services Consumer Credit 52

Fico Collections

OCTOBER 20, 2022

FICO ® Resilience Index tools that measure consumer resiliency, benefit lenders in a recessionary environment. How can lenders build, manage, and secure credit portfolios in today’s uncertain market environment? Given the current economic cycle,” Shree explained, “lenders need to understand the overall lending environment.

Lender 52

Lender Banks Financial services Consumer Credit 52

Fico Collections

MAY 20, 2022

Default prediction like this would make any balance sheet owner happy – empowering lenders to more accurately predict which borrower presents a credit risk. The results were quite impressive at determining default rate risk – a reduction of up to 20 percent. Quick Access to explainability for machine learning models. How does it work?

Lender 52

Lender Banks 52

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. Collections books for many lenders reduced. Many lenders focussed on what they were actually experiencing and what they could accurately forecast.

Collections 52

Collections Creditors Debt Recovery Debtor 52

Nexa Collect

DECEMBER 12, 2021

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. The platform sets interest rates algorithmically & lenders receive higher interest rates when the demand to borrow crypto increases.

Collateral 130

Collateral Banks Financial services Financial Institution 130

Katabat

DECEMBER 2, 2019

Katabat’s SaaS solution provides SoFi a set of powerful tools that includes easy-to-use customer segmentation and workflow capabilities, as well as a highly flexible agent desktop and member websites, all designed to deliver a fully integrated member experience. “SoFi is a premier digital lender with a unique value proposition.

Personal loans 78

Personal loans Loans Collections Debt Management 78

Fico Collections

JULY 12, 2021

Lenders have benefitted from state measures which have so far helped limit near-term loan defaults. The ability to predict and pre-empt non-payment may also lead to stronger customer relationships, as lenders are viewed as being more understanding, helpful and caring. In turn, this leads to continued stakeholder satisfaction.

Collections 52

Collections Lender Repossession Banks 52

Burr Forman

JULY 30, 2020

The Firm’s Health Care Practice Group’s capabilities cover both business and trial needs for the health care industry, from physician practices, hospitals, long-term care providers, surgery centers, and home health agencies, to medical device and pharmaceutical companies and health care lenders.

Law Firms 40

Law Firms Lender 40

Fico Collections

DECEMBER 1, 2022

Generative AI has been a big buzzword lately, with slick image generation capabilities grabbing headlines. This could greatly benefit buy now pay later (BNPL) lenders, which are now exposed to high default rates due to inadequate analytics, jeopardizing open banking’s potential to better serve the underbanked in credit evaluation.

Government 98

Government Lender Banks Collections 98

Fico Collections

SEPTEMBER 7, 2022

This new standard was introduced in January 2018 and designed to help lenders and banks enhance their strategy and avoid unpleasant surprises presented in the shape of loan defaults, delinquency, or early collections processes. As it now stands, IFRS 9 has split lenders into two camps. IFRS9, Collections Strategy, Delinquency and Risk.

Collections 52

Collections Lender Banks Creditors 52

Fico Collections

MARCH 17, 2022

Mibanco, the largest microfinance bank in both Peru and Latin America, has used FICO Platform’s Decisions Capability to boost its lending capacity and respond quickly to changing market conditions during the pandemic. How FICO Platform Decisions Capability Can Help Drive Better Business Outcomes. Loans That Improve Lives.

Loans 52

Loans Retail Banks Education 52

Fico Collections

APRIL 6, 2021

Other high-street lenders are looking at similar initiatives. But getting a clear picture of customers’ true financial position, while treating at-risk borrowers appropriately, continues to pose a headache for lenders. Lenders are keen to retain existing customers – especially their most resilient. by Bruce Curry.

Lender 52

Lender Creditworthiness Government Bankruptcy 52

Fico Collections

FEBRUARY 16, 2022

As a result, banks and lenders are acutely reliant on access to the very best data, automation, and technology to help bridge the rapidly widening funding gap. The lender increased the risk models' performance by combining transactional data and machine learning insights, which helped to drive a significant spike in new SME lending. .

Trade 52

Trade Banks Collateral Lender 52

Credit Corp

MARCH 22, 2021

While a credit bureau might share your report with lenders in the country, consumer data protection laws forbid them to talk about your credit score to organizations outside the country. If you try avoiding your outstanding debt, your lender can take the legal route and sue you for non-payment of bills.

Lender 94

Lender Loans Creditors Credit Card Debt 94

Sawin & Shea

JANUARY 18, 2024

Avoiding Repossession: Filing for Chapter 13 bankruptcy provides an automatic stay , which prevents creditors, including auto lenders, from pursuing repossession or other collection actions. Securing a willing lender open to collaborate during an active Chapter 13 proves to be the largest obstacle.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Loans Bankruptcy Repossession 52

Fico Collections

JANUARY 13, 2022

Lenders face several thorny challenges of sifting through the pandemic’s inevitable financial fall-out. A mass of digital solutions and fintech innovations offering real-time Open Banking data alongside transactional insight into customer affordability and vulnerability are being touted to Tier-1 lenders.

Collections 52

Collections Lender Credit Card Debt Loans 52

Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed.

Collections 40

Collections Acquisition Collection Agencies Collections Agency 40

Katabat

JANUARY 5, 2021

January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. Terms of the transaction were not disclosed.

Collections 40

Collections Acquisition Collection Agencies Collections Agency 40

Sawin & Shea

MARCH 23, 2022

While your score will not drop simply from switching careers or employers, lenders will look at this when determining if you are eligible for opening a new line of credit—and new lines of credit will help you rebuild your score. Maintain a “reliable” income. Moving from one job to the next can indirectly affect your credit score.

Bankruptcy 105

Bankruptcy Loans Creditworthiness Lender 105

Katabat

AUGUST 5, 2020

We see significant potential for Katabat as a leader in a market that is increasingly seeking out intelligent, compliance-minded, and data-driven work-flow management capabilities that enable a true omni-channel experience for consumer customers throughout the entire credit lifecycle.

Debt Management 52

Debt Management Collection Agencies Collections Agency Acquisition 52

Fico Collections

JANUARY 19, 2023

At the same time, regulators are doubling down on their expectations of financial organisations and lenders to ensure they provide continued support to those who are deemed to be vulnerable or in financial difficulty. As a result, 2023 should see an increased focus on building capability that enables hyper-personalisation.

Banks 52

Banks Financial services Government Collections 52

Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. Furthermore, users should capitalise on the system’s advanced self-service capabilities.

Financial Institution 90

Financial Institution Debtor Loans Collateral 90

Fico Collections

DECEMBER 6, 2021

Customer-centric collections isn’t a new idea, but in the current environment it has moved from a blue-sky idea to a critical initiative for many lenders. Customers expect that lenders know everything about them, and get frustrated when collectors don’t know what they should know.

Collections 52

Collections Lender Debt Management 52

Fico Collections

OCTOBER 21, 2020

All of the gross profits from digital car sales go directly to dealers which, along with customer demand, is a big factor driving their investments in digital capabilities. Many lenders are looking to offer FICO® Falcon® Identity Proofing , which allows buyers to verify their identity at home with a selfie and any government-issued ID.

Manufacturing 52

Manufacturing Lender Government Loans 52

Katabat

APRIL 7, 2021

of the Katabat platform , its latest significant software update focused on enhanced security features, additional platform integrations, and improved client communication capabilities. This week Katabat released version 9.2 We released over 40 enhancements in response to client feedback and requests. With that in mind, the 9.2

Collections 52

Collections Debt Management Financial Institution Debt collector 52

Katabat

MARCH 23, 2021

“Bridgeforce has a world class reputation and capability set with debt management solutions, so we look forward to a strong partnership that better serves each company’s clients.”. Katabat is a recognized global leader in cloud-based debt collection managed service software products.

Debt Management 52

Debt Management Lender Collection Agencies Collections Agency 52

Katabat

JANUARY 17, 2020

Lenders began to “lean in” to the digital transformation, with talk about cutting-edge technologies and revised regulations breeding excitement rather than caution. release included enhanced security features, additional payment platform integrations, improved client communication, and better measurement capabilities. Our Katabat 9.0

Lender 52

Lender Collection Agencies Collections Agency Consumer Credit 52

Katabat

DECEMBER 27, 2019

This significant software update includes enhanced security features, additional payment platform integrations, and improved client communication capabilities. This week we released version 9.0 of the Katabat platform. We released over 160 enhancements in response to the current security climate, client feedback and requests. The 9.0

Collections 40

Collections Debt Management Financial Institution Debt collector 40