Why upgrade to FICO® Network 2.1 in the FICO® Analytic Cloud
According to 2020’s third quarter data collected by the Federal Reserve Bank of New York, national consumer debt rose for 24 out of the last 25 consecutive quarters and surpassed $14 trillion. As the years go by, with debt growing across industries, creditors are adapting new tools and technology to improve their collection practices. But compliance and security remain huge issues, and most creditors are actively looking for a solution that provides:
- An easy way to validate and securely exchange customer data with collection agencies and other partners
- Reliable, scalable, and cost-effective assistance while remaining compliant when exchanging data
- Less reliance on costly, internal IT infrastructure and the need for IT support that often causes delay
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