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A guide to digital transformation in collections

A guide to digital transformation in collections
  17 min
A guide to digital transformation in collections
Collecting Thoughts
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This episode of Collecting Thoughts dives into the complexities of digital transformation in collections. Facing the challenge of upgrading systems while maintaining operational resilience, we explore four major headwinds: rising household debt, increased regulatory scrutiny, outdated legacy infrastructure, and the personalization gap in AI. 

Our hosts discuss how central orchestration can help banks navigate these challenges without compromising security or efficiency. By leveraging AI for hyper-personalization and ensuring a seamless customer experience, banks can transform collections from a cost center into a customer retention engine. 

 

About the author

Naeem Abraham

Naeem Abraham is leading the charge to implement our decision management tool: FitLogic. With prior experience at a top EMEA bank, Naeem’s expertise lies in credit management, data-driven decisioning, and utilizing AI/ML to improve collections performance.

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