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August 5, 2020, Wilmington, DE – Katabat, a leading global provider of debtmanagement software solutions for lenders, fintechs, and collection agencies, announced today a strategic growth investment from Tritium Partners, a growth-focused private equity firm with extensive experience investing in fintech and financialservices companies, and Terminus (..)
The debt challenge across Europe keeps unfolding, especially after many of the moratoria that were in place in the previous months ended. According to our NPL Outlook Europe 2021 report, global debt could exceed $360 trillion by 2030. In that context, lenders need to have access to state-of-the-art technology to avoid major losses.
. Debt remediation is at the forefront of the financialservices industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. We are complementing Ultimo’s market-leading collections expertise with innovative data science.”.
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. Open Banking fundamentally transforms financialservices by unlocking new insights into customers' lives.
Enhancing Support to Clients with “White-Glove” Implementation Services. Bridgeforce has a world class reputation and capability set with debtmanagement solutions, so we look forward to a strong partnership that better serves each company’s clients.”. About Bridgeforce.
About Katabat With more than a decade of experience delivering debt collection solutions to global banks and debt collection agencies, Katabat combines collections and machine learning expertise to help clients engage with customers and increase collections.
He has successfully used data to solve complex business problems across the credit life cycle including customer engagement, origination journeys, line management and optimisation of collections strategy. Armando Junior, general manager, risk and compliance at Dock (previous winner) . by Nikhil Behl.
FICO’s latest market report of UK card trends suggests that consumers managed their credit card debt to keep lines of credit open for the festive season as spend increased month on month. However, a continuing trend in those missing two or three payments will be a concern for lenders. percent Year-on-year there were 14.8
He has over 30 years’ experience working in senior roles across the technology, financialservices and publishing industries and has a passion for using technology and pioneering approaches to drive outstanding business growth and customer retention. Marcel Le Gouais, managing editor at Credit Strategy. by Nikhil Behl.
January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debtmanagement software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. About Simplicity Collections. About Terminus Capital Partners.
January 5, 2021, Wilmington, DE – Katabat, a leading global provider of debtmanagement software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. About Simplicity Collections. About Terminus Capital Partners.
Typically, the higher-risk accounts are more credit hungry, so lenders will want to be vigilant in monitoring this trend. FICO believes that inflationary impacts will be worst for those already identified as in persistent debt or potentially new candidates for that designation. Liz Ruddick.
Even before the impact of the pandemic started to disrupt our everyday lives and hammer the global economy, discussions around AI were already getting louder across banking and financialservices. Customer expectations had continued to skyrocket thanks to the services provided by tech giants and fintechs. by Bruce Curry.
There will also be further opportunities for those creditors with sophisticated debt consolidation capabilities. For instance, clearly signposting those customers that need assistance to debtmanagement companies (DMC), but subsequently offering a ‘return to brand’ agreement with the DMC when the customer is back on their financial feet.
Collections Optimization and Ethical DebtManagement at Ultimo. Debt remediation is at the forefront of the financialservices industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. Debt Collection Approaches for the Covid-19 Recovery.
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