All posts by Laura Burrows
The open banking revolution is transforming the financial services landscape, offering banks and financial institutions unprecedented access to consumer-permissioned data. However, during our recent...
Effective collection strategies are critical for the financial health of credit unions. Unlike traditional banks, credit unions often emphasize member relationships and community values,...
With the noticeable uptick in delinquencies, credit unions face more significant hurdles in effectively managing overdue accounts. In this challenging financial landscape, it’s imperative...
With rising consumer debt and an increasing number of consumers defaulting on loans, effective debt recovery strategies have never been more critical. Skip-tracing is the first-step...
Open banking has been leveraged for years in the U.S. The anticipated U.S. regulation under section 1033 of the Dodd-Frank Act, combined with the...
Reduced costs Advanced analytics can significantly reduce operational costs by streamlining the collection process and targeting accounts with higher recovery potential. Automated processes and optimized...
Open banking is revolutionizing the financial services industry by encouraging a shift from a closed model to one with greater transparency, competition, and innovation....
While bots have many helpful purposes, they have unfortunately become a tool for malicious actors to gain fraudulent access to financial accounts, personal information...
Join us as we dive into the world of decisioning and optimization during our upcoming tech showcase, where we’ll be demoing our innovative debt...
This article was updated on February 13, 2024. Traditional credit data has long been a reliable source for measuring consumers’ creditworthiness. While that’s not...
This article was updated on January 31, 2024. Debt. For many, it’s a struggle – and a constant one. In fact, total consumer debt...
Fraud is a serious concern for everyone, including businesses and individuals. In fact, according to our 2023 U.S. Identity and Fraud Report, nearly two-thirds (64%)...
Financial institutions are under increasing pressure to grow deposits and onboard more demand deposit accounts (DDA). But as demand increases, so do fraud attempts...
Over the past few decades, the financial industry has gone through significant changes. One of the most notable changes is the use of alternative...
This article was updated on November 9, 2023. Automation, artificial intelligence and machine learning are at the forefront of the continued digital transformation within...