Moratorium Ends Soon. Delinquencies will show up. Are you ready?

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

Strike a balance between offering right assistance programs and resuming collections

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.

The Jumpstart program will help your Collections team:

  • Identify “At-Risk” Segment & Prioritize Assistance Programs to truly deserving customers
  • Identify good customers who are likely to revive cash flow faster
  • Achieve an increase in Collections ROI by a Reduction in Roll rates in Early Stage Delinquency
  • Deliver an Optimal Customer Experience

How does it work?

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

With an AI-infused Collections process, empower your Collections teams to:

Proactively manage risk – Risk segment customers

Accelerate insights to predict delinquencies and charge offs

Make risk-aware decisions

Jumpstart your journey today!

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Building resilience against credit losses with AI-powered FinXEdge Collect for now, and the new future

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.

Implementation guidelines:

  • Please have a data agreement in place.

  • For quick service enablement, standard inbound and outbound data extract templates are assumed.

  • Please note that additional terms & conditions may apply.

  • Any provision of products herein will be at EdgeVerve’s discretion and on a first come first serve basis and upon an enterprise accepting the relevant terms of usage applicable to the Product.

  • This is a limited period offer and EdgeVerve reserves the right to add, alter review, amend or withdraw this offer at its own discretion, at any time.

Jumpstart your journey today!

Resources

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Brochure

FinXEdge Collect

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,

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Webinar

Restructuring and managing lending and debt collection strategies in the time of COVID-19

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
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Thought Papers

A More Intelligent Approach to Debt Collections

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

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Thought Papers

How can Credit Unions Transform Debt Collections by Leveraging AI?

Credit unions are enjoying a record increase in their membership of late. Being in demand amongst new age consumers and small enterprises, U.S. credit unions reported a 1.1% increase in total membersh

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