Non-performing loans are an area of concern for banks especially in tough economic times. NPL portfolios will impact profitability in two areas: 1) loss of the value of the loan not recovered and 2) ongoing management using labor intensive and manual workflows.
By digitizing the management using Crowd Valley’s back office, we have seen institutions improve portfolio performance nearly overnight by directly addressing:
1. Correct Segmentation and Client Profiling. Higher quality segmentation means you can take better risks.
2. Data consolidation. Collateral data is a good example of how managers of non-performing loan portfolios can better reduce losses.
3. Collaboration. Data collaboration between teams ensures there is no value leakage.
4. Early Warning Triggers. Combining data sources and internal underwriting policies, early warning systems and forward looking models are created to provide portfolio managers with visual insight into portfolio quality.
If you are looking to capitalise on operational efficiencies within the fintech space, get in touch with us at Crowd Valley (a Grow VC Group company) to leverage our industry leading Cloud Back Office.
Read the whole article with more details on Crowd Valley News.
Est. 2009 Grow VC Group is the global leader of fintech innovations, digital and distributed finance services. Our mission is to make the finance services more effective, transparent and democratic. The Group includes leading fintech companies in their own areas.
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