News
5 Success Tips For Debt Collection Following The Pandemic
The effects of the pandemic seem to have worn off on a lot of industries as things have started to stabilize. However, some industries, like debt collection, are still struggling to get back on track. The increased financial crisis caused during the pandemic has caused a severe strain on the debt collection industry. Now, debt…
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 MoreFacts You Need to Know About Debt Collection
No one likes to hear from a debt collector. If you have unpaid bills, you will likely get that call sooner or later. There is a significant reason people don’t like debt collection agencies’ tactics; they are stress-inducing. There are a few things that debt collectors in the UK never tell you. These can help…
Read MoreWhy Traditional Debt Collection is A Thing of The Past
Technology is taking over the financial sector by storm. With the arrival of the internet, everything is digitalized to make the industry faster. The number of transactions is increasing significantly, and the traditional debt collection methods can no longer keep up with the fast-paced digital financial world. Hence, the collections sector needs to introduce digital…
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…
Read MoreTaking on a $5 billion market: Collections Software Startup DebtCo raises €750k early-stage investment.
21 January 2022 Rijswijk based DebtCo raised €750k in early-stage investment from several investors. Automating collections activities: DebtCo’s data driven platform CollectIC, helps companies to get their unpaid invoices paid faster, waste less time on manual activities and provides a better payment experience for their clients. Endless Use cases: Less than a year since…
Read MoreDebtco launches digital collections in the UK
We are proud to announce that Debtco International is launching its digital debt collection services to the UK market. Earlier this year, Debtco launched its all-in-one collections platform CollectIC to the Dutch market. Since then, we have seen the tremendous opportunity to expand the services to other markets and so decided to bring this to…
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