Underwriting a loan is just the first step. A borrower’s debt servicing capacity remains vulnerable to changes in business cycles, income, and cash flows levels throughout the credit lifecycle. With a multitude of factors playing into it, the average collections rate in the banking industry is currently pegged below 20% – the lowest in two decades. It has never been more important to stay ahead of the curve. But the biggest challenge of all? Lack of structured collections approach, technological capabilities, and automated processes, making it difficult to efficiently collect payments.

Unlock your institution’s full collection potential and increase resolution rates cost effectively with advanced technology enablement that underpins a robust collections strategy. Say goodbye to rudimentary systems and hello to a streamlined, automated collections solution that leverages the power of advanced AI/ML analytics. Prioritize your strategies, communicate effectively with customers, and stay on top of collections with comprehensive dashboarding and reporting.