In the past, a killer app was an application that motivated significant numbers of users to adopt new technology. The new killer apps are mobile apps that allow users to access multiple services from a single interface. For example, mobile payments, banking, credit cards, investing, and a few stores might be available from one app. […]
With record numbers of bank branches closing every year, it sometimes seems that the growth of digital options will eliminate branches entirely. However, a closer inspection reveals that many customers are still reluctant to give up some branch office functions. What is more, technology may eventually start presenting new opportunities for bank branches instead of […]
An integrated software solution can help businesses raise productivity, reduce training time, and increase opportunities for improvement. It is possible to work with a variety of different tools and systems, often at a lower upfront cost. Some experienced financial professionals can use free spreadsheet software to do everything from collections to running regressions. Such employees […]
Data analytics offer new and more powerful ways to segment receivables, measure outcomes, and take cost-effective actions. Research shows that data analytics can improve the collection process, but firms need to implement that research. Working with a fintech partner is often the best solution for financial institutions and other organizations. Segmenting Receivables Collectors have always […]
Some €99.3bn of non-performing loans (NPL) sales have already been announced in 2021, which would surpass last year’s total of €77.8bn across 103 transactions, according to analysis from Deloitte.
In the EBA guidelines on management of non-performing and forborne exposures, banks are required to introduce and operationalise NPL reduction strategies. DLA Piper’s Portfolio Solutions Group has started its internal review process on EBA’s consultation process for NPL transaction data templates. DLA Piper will provide, in particular, country specific views and a diverse approach taking […]
The market for non-performing loan (NPL) transactions in the EU will benefit from improved maturity and transparency following recent legislative and regulatory initiatives. The initiatives should be favorable for the NPL market. “More transparent pricing could also motivate existing NPL sellers to sell more portfolios and more banks to start selling NPLs, both of which […]