Collection Data In Action
Financial institutions find themselves in an incredibly challenging market as consumer debt has been steadily rising since 2013.
According to the latest Household Debt and Credit Report, released by the Federal Reserve Bank of New York, total household indebtedness was $12.96 trillion, $280 billion above the previous 2008 third quarter high. Coupled with the increase of consumer debt, statistics show that delinquency rates of several debt types continue to rise.
Many financial institutions are looking to reinforce their comprehensive collection strategy which can greatly improve collections efforts, keep down costs, and increase repayment returns/higher collections rates. Join Temenos’ Kris Frantzen and Abby Progin to see how one Temenos customer put its data to work to make a real impact on their bottom line. During the webinar we will discuss:
- How data analytics can help to refocus efforts and improve efficiency
- Best practices for a practical application of data analytics
- The value of a flexible technology solution to support data-driven collection efforts