Making debt collection a win-win deal for Lenders
Loan approval has become much easier in the recent past. But debt collection is still a daunting task which affects the productivity of lenders and slow down their operations. With increasing consumer debt, the traditional debt collection methods are no longer viable with modern customer expectation. As a lender, preparing for debt collection issues and […]
Using Artificial Intelligence for improved debt collection
With advances in Artificial Intelligence and Machine Learning, it is possible today to make loan default management hassle-free. Based on access to large volumes of unstructured data, AI can predict red flags or green lights when it comes to onboarding consumers in the first place, and where credit is first extended. This can help identify […]
