With a lot of displacement in the workforce and ambiguity on the economy normalizing, you need to be prepared and ready when the time comes where you resume recoveries and follow ups
Traditional models would take months to start seeing the trends. FinXEdge Collect Jumpstart Program factors a COVID-19 Risk Adjustment model and has pre-built Debt Collection industry specific models that infuse AI to provide accurate customer risk segmentation.
Ingest data into FinXEdge Collect
FinXEdge Collect augments this data with their pre-built industry specific models coupled with a COVID-19 Risk adjustment model to give an AI-assisted Risk-based Segmentation of Customers
Jumpstart your collections with our actionable insights
Proactively manage risk – Risk segment customers
Accelerate insights to predict delinquencies and charge offs
Make risk-aware decisions
With banks and financial institutions implementing relief measures to help customers navigate the COVID-19 crisis, it is also important to equip lenders and collection agencies in arresting delinquencies and losses. This whitepaper recommends a two-pronged strategy to manage credit risks and strategize for the new normal. Learn more on how you can implement FinXEdge Collect and leverage its AI capabilities for your organization.
FinXEdge Collect (formerly CollectEdge) is a data-driven intelligence application powered by advanced Machine Learning that helps lenders and debt collectors reduce delinquency rates and charge-offs,
COVID-19 outbreak has disrupted life around the world, and we are yet to see how big the impact is on business and the economy. The pandemic places many challenges for banks when it comes to communica
Lenders are pursuing machine learning (ML) to grow recovery and reduce collections costs. Learn from experts the solution approaches and implementation best practices to maximize ROI