DEBT COLLECTIONS AND RECOVERY
Intelligent debt resolution through Open Banking
or just Start Free Trial
Manual creation and monitoring of debt management strategy is inefficient
Automated bank statement analysis helps with debt management strategy
FriendlyScore assists in optimising Collections and Recovery strategies
Remove the need for debtors to self-certify income and expenditure by extracting accurate, verified data directly from their bank account
Identify key income and expenditure patterns which factor into the affordability decision, such as an income stability and current financial obligations
Identify loan performance indicators and existing credit obligations which will help create repayment agreement
Use live Open Banking data to monitor affordability and financial markers to spot changes in a customer’s circumstances and take appropriate action
Enhance customer experience by replacing form-filling with one-click Open Banking connectivity
Comprehensively assess income and expenditure data across an individual’s portfolio of bank accounts
Predict an individual’s near-term capacity to make future repayments
Instant extraction of verified financial data and accompanying insights enables advisors to act quickly and accordingly
Open Banking updates in real time allowing advisors to continuously monitor a customer’s ability to meet repayments
Transaction data allows advisors to construct informed repayment agreements
Get in touch with us to find out more