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A good place to see how collections impacts competitiveness is the 31-day “time bomb” under IFRS 9 in the financial services industry. To prevent accounts from rolling to Stage 2, and with its requirement for lifetime expected credit loss impairment, some creditors are looking to accelerate collections by assigning more accounts to external collection agencies.
There’s concern, however, about increased exposure to other compliance risks, since creditors are responsible for ensuring third parties treat consumers fairly and adhere to applicable laws and regulations.
Increased placements is a good thing for collection agencies, of course. Instead of throwing bodies at this opportunity, smart organizations are using analytics-driven strategies and automated processes to focus their resources on accounts where they can make the biggest impact in the shortest time, not only to prevent 31-day delinquencies but to collect and recover more.
This course provides essential knowledge about the usage of Siron™ AML for the combating of money laundering. It focuses on the aspects that are relevant for business consultants and business users, in particular how to create an effective check strategy that satisfies all legal requirements. It also explains details about ongoing risk ranking, and shows how to use Case Management in an efficient way.
This course is aimed at developers and rule writers. The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.
This course provides essential knowledge about the technical environment and processes of Siron™ AML. It focuses on the aspects that are relevant for technical consultants and IT staff, in particular general understanding of technical prerequisites, product and interface handling, and tools.
ACA's Spring Forum & Expo is the event where accounts receivable management professionals assemble for new business strategies and information. Attendees may choose from three educational tracks. In addition to ACA's popular Compliance Designations track, two new educational tracks are offered: ForwardTECH and Business Intelligence. A new direction will bring a new audience. Stop by FICO booth #15 to learn more about our solutions around collections systems and enter to win some fun giveaways.
This course provides essential knowledge about the technical environment and processes of Siron™ KYC. It focuses on the aspects that are relevant for technical consultants and IT staff, in particular installation, integration of watch lists, technical settings, processes, and error handling.
This two-part course provides a foundation for developing a Blaze Advisor system-enabled application. Part 1 is for both Business Analysts and Developers who maintain rules in the RMA. Part 2 is for Developers who need to understand the SRL generated by the RMA. Students are introduced to rule authoring, Structured Rule Language (SRL), testing, RMA generation, lifecycle management in the RMA, and rule project deployment.
This course familiarizes attendees with optimization models and techniques, and the terminology used to describe them. Participants gain an understanding of the Xpress suite, the Mosel modeling and programming language, and Xpress Workbench. Through a series of projects illustrating applications of the LP and MIP methods, students learn to implement optimization models using Xpress Optimization Suite.
This course provides knowledge how Siron™ KYC is used in KYC business processes, e.g. customer onboarding or ongoing customer screening. It explains the details of the check processes and the configuration options from the business point of view. It also shows how business rules can be built in general, and in particular be used for risk assignment.
This course provides information about the features and functionality of Siron™ ACM Alert and Case Management. It shows the user's point of view, and it explains administration and configuration options for power users.
This course provides essential knowledge about the technical environ-ment and processes of Siron™ Embargo. It focuses on the aspects that are relevant for technical consultants and IT staff, in particular general understanding of technical prerequisites, and product and interface han-dling.
This course provides information about the technical environment of Si-ron®ACM Alert and Case Management.
This course explains elements and functions of the Siron™ programming lan-guage. It focuses on those aspects needed for rule building in the Siron™ prod-uct suite and shows examples of how to use Siron™ syntax in Siron™ AML and Siron™ KYC.
Tailored communication strategies boost collections and customer satisfaction.
Phillips & Cohen Manages Global Growth While Preserving a Compassionate Approach to Estate Debt Collection with FICO Solution.
Learn how Cabot Credit Management boosted efficiency and customer satisfaction with FICO® Debt Manager™ Solution.
Makes Debt Collection Efficient and Productive with FICO Solution.
Agencies have long provided telecommunications companies with scalability for collections in a high-growth industry. Today, with markets and business models changing, your collections agencies have a growing impact — for good or ill — on y...
In today’s utilities collections environment, traditional approaches are less and less effective. New techniques and a personal touch—like customers being able to resolve late payments from their mobile device—produce higher ROI for collec...
For 60 years, FICO has worked with a broad variety of credit issuers building best practices in the recovery of debt. One area of critical importance is the outsourcing of debt to third parties.
Worldwide, more than 40% of credit-...
It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...