Optimizing Debt Collection
at Financial Institutions
A recent PaymentsJournal article examines the critical role of technology in maximizing recovery, reducing charge-offs, ensuring compliance, and maintaining a balanced portfolio.
Brian Riley, Co-Head of Payments Research at Mercator Advisory Group, emphasizes the importance of taking a risk-based operational approach by deploying intuitive, scalable technology to optimize the collections and debt recovery process.
For financial institutions, rising delinquency rates and record-high credit card debt are harbingers of a changing economic landscape. Read the full article for strategies to manage risk and minimize losses using technology.
Collections & Recovery Platform
Take An In-Depth Look
Best practices for financial institutions to prepare for the impacts of a recession. It includes tips for modernizing collections technology to reduce charge-offs, managing risk with data, optimizing the bank customer experience, and more.
For banks and financial institutions, rising consumer loan delinquency rates and loan charge-offs are putting debt recovery technology in the spotlight.
In the shadow of rising delinquency rates, financial institutions are strategically investing to minimize losses and ensure the health of their portfolios.