AI debt collections
How technology and AI is disrupting the debt collections industry.
A couple of weeks ago I posted a blog that talked about why I feel traditional debt collection agencies are a thing of the past. The purpose of that post was not to belittle the industry of debt collection, more to highlight that many debt collectors still use traditional methods to recover unpaid invoices. If…
Read MoreChanging The Debt Collection Landscape – How To Empower People In Debt Collection
The debt collection industry has come a long way in the past few years. The introduction of AI debt collection, machine learning, and chatbots has shifted the tide of the debt collection landscape. Many policies have been introduced to empower people in the debt collection industry. However, there is still a long way to go…
Read MoreHow Tech And Automation Support Debt Collection At Scale
Technology is transforming how everything works in the modern world. Most Fintech industries, like lending and payments, have embraced these changes for quite some time. However, the debt collection industry lagged in terms of technological advancements. With the onset of the pandemic, digital mediums became indispensable. The debt collection industry also caught up on the…
Read MoreHow is Mobile technology Empowering Debtors to Take Back Control
The past few years were of great economic turmoil globally. A global pandemic, wars, and subsequent crises have changed a lot of things. There is a sudden increase of debtors who are not paying their dues due to financial problems. Experts feel debtors can regain control of their finances with the help of mobile technologies,…
Read MoreWhat is Digital Debt Collection And Why it Works
Digitization is happening in every industry and sector in the world. Introducing digitization has changed how industries function and what customers expect from businesses. Now, customers expect companies to communicate with them digitally and amiably. The collections industry needs to switch to digital platforms to engage customers. The debt collection industry has always had a…
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