Payments Journal:
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.
ADDITIONAL TOPICS INCLUDE:
- Post-pandemic credit trends
- Effective risk modeling
- Collections team staffing
- And more
Collections & Recovery Platform
Take An In-Depth Look
5 Tools Financial Institutions Can Use to Prepare for a Recession
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.
The Pandemic Paradox: Collections & Recovery in the New Normal
For banks and financial institutions, rising consumer loan delinquency rates and loan charge-offs are putting debt recovery technology in the spotlight.
Collections & Debt Recovery: Tactics in the New Normal
In the shadow of rising delinquency rates, financial institutions are strategically investing to minimize losses and ensure the health of their portfolios.
