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Banks must do more, with less, in a challenging environment
In the pursuit of growth, many banks have increased their acquisition efforts and loosened credit risk policies. As a result, the number of accounts going to collections and the amount of debt entering recovery have both grown, and loss provisioning requirements add incremental pressure.
For many collections and recovery shops, staying effective and efficient is a huge challenge, especially with flat or shrinking headcount. Plus, outdated systems and processes can lead to lower job performance and higher attrition, along with more customer friction.
The FICO Collections and Recovery Ecosystem for Unsecured Lending offers a sophisticated, flexible debt management infrastructure that helps you:
The foundation of FICO’s Collections and Recovery Ecosystem for Unsecured Lending is the seamless integration of our world-class analytics and strategy development tools and robust decision execution environments. This integration facilitates a "learning loop" that empowers business users to quickly understand the performance of their current treatment strategies and to develop, test and deploy refined challenger strategies that will drive more satisfying customer experiences and more profitable business outcomes.
Time: 11am Singapore / 2pm Sydney / 8:30am Delhi Duration: 60 minute complimentary webinar
Join our webinar to learn how your business can take control of its digital transformation. Through decades of experience in helping enterprises around the world digitize their operations, FICO’s technologies and unique methodology have enabled clients to achieve the transformation they’re seeking.
Horario: 11 AM CET
Si bien es cierto que nuestro sistema bancario se enfrenta a una situación sin precedentes, no es menos cierto, que entidades financieras de otros países han sufrido ya episodios equiparables que nos pueden servir como referencia a la hora de tomar medidas.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
In the current global crisis, banks will have to put even more scrutiny on lending decisions as a response to rising risk. But as we saw for example during the financial crisis, many will do so in a blunt way that hurts consumers and their financing needs. What is needed is greater transparency, agility and decision precision — which mathematical optimization can provide.
Solving your biggest and most complex business problems.
FICO Optimization Community
A highly automated accounts receivable management system to help control costs, boost revenue and stay compliant.
FICO Collections & Recovery Community
Make more profitable customer and account decisions.
FICO TRIAD Community
One direct, efficient and secure desktop connection to creditors, partners, agencies and data sources.
Gives credit grantors unprecedented visibility and control of accounts placed with agencies, attorneys, debt buyers and internal recovery departments.
Collection and recovery can be tough, and it’s not getting easier. Agencies are dealing with budget and headcount constraints, as well as pressure to make digital transformations with existing resources. At the same time, there’s an expect...
Modernizing your collection system or continuing on your existing system is a question every organization faces—particularly now as technology has truly advanced. There’s been a sharp acceleration in modernization of collections systems, a...
Affordability checks, specifically for indebted customers, no doubt has a huge impact, on all the parties involved. In order to drive a right outcome for customers, creditors and debt management servicers - there has to be a better way tha...