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Bank Ecosystems: The Role of Data Ingestion

Fico Collections

In my previous blog post, I talked about how open banking can be leveraged to build a financial ecosystem and what capabilities are required to get the maximum value from it. Data needs to be fed, shared, enriched, stored and used in the banking ecosystem for several different decisions.

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12 Tips to Help Prevent Identity Theft

Credit Corp

This is less of an issue for in-person transactions, as you likely know and trust your local bank branch or credit union representative. These may include bank statements, mailed credit offers, receipts, medical bills, canceled or voided checks, and junk mail. If it’s anyone else, be sure to do your due diligence.

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What Should You Know If You Have Debts In Collections?

Taurus Collect

Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. However, it is essential to understand that most lenders usually try to collect the debt themselves before writing it off and outsourcing the task to the other party.

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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score. Which Lenders Use the FICO XD.

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Pros and Cons of Paperless Statements

Debt Guru

But banking and financial transactions might still make you leery. Whether it’s your monthly credit card or mortgage bill, your regular bank account statement, your quarterly 401(k) update, or another financially sensitive document, some of us prefer the piece of paper delivered to our mailbox. Con: Lost Access to Old Statements.

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Is Self-Service the New Standard in Debt Collection?

Re:Ceeve

For years, companies have treated the debt collection process not as an opportunity, but as a relentless process of retrieving outstanding balances at all costs. While you might be aware of CRM systems and mobile banking apps, how does this method work in the world of debt collection? Online banking. Knowledge hubs.

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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

Although 2022 saw a modest reduction in Non-Performing Exposures (NPEs) across the European Union, financial entities, including banks and servicers, are advised to proceed with heightened vigilance. In a prolonged period of recession, where the economic output is dwindling, the paradigm shifts.