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 […]
The Belgian niche bank CKV has selected AroTRON Debt Management platform to manage their loans portfolio and automate their debt collection, recovery and restructuring processes, in order to make its application landscape complete and future proof. The Company CKV is an unlisted, independent, stable, Belgian niche bank that has been active throughout Belgium since 1956 […]
Have you heard about the NPL tsunami? Different players in the NPL market have expressed their worries about rapidly worsening bank asset quality and an ensuing ‘NPL tsunami’ from the COVID pandemic. Those challenges have not materialised so far and one reason for keeping them on hold is clearly the policy mix that governments have […]
On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive). The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the […]
