In the world of delinquency management, using a single analytical risk scorecard to evaluate and mitigate risk is no longer sufficient. The complexity of modern risk management requires a suite of risk scorecards that take into account a wide range of factors and provide a more comprehensive understanding of potential risks.
Principa has a wealth of experience in building and deploying chatbots for the financial services industry. Our custom-built solution is flexible and fully customisable which allows your bot to assume your brand’s persona. We can also seamlessly integrate with existing systems. Find out more.
Principa specialises in providing data driven solutions that will optimise your business’ collections strategy, improve your recovery yields, and increase your business revenue.
We are starting off with a two part blog series looking at the main requirements when considering a Collections System.
In our previous blog we introduced the value of effective account management strategies. In this blog we continue to run through different account management decision areas. In our next blog we will discuss what is needed for an effective account management strategy.
Onboarding good new customers in a very competitive market is difficult and not always that profitable. That is why prudent credit managers often look to account management strategies to reap the greater rewards. Once a customer is on-boarded and has proved herself to be an exemplary re-payer, offering her money is more of a sure thing for repayment.
Behavioural scorecards offer far better Ginis than application scorecard. This means you can afford to be more aggressive in account management.
As most of you may know by now, we are currently busy with a series of Q&A videos, so please feel free to send us your credit lifecycle related questions, or any questions relating to our products or services.
"*" indicates required fields
