FDIC Warns on Third-Party Technology Risk

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Avoiding Risky Relationships by Filling in the Gaps This month the Federal Deposit Insurance Corporation (FDIC) published a financial institutions letter detailing observations and concerns related to technology service provider contracts. In a nutshell, insufficient and unclear contract terms create risks for financial institutions. More specifically, the FDIC letter highlights concerns related to business continuity … Read more

CFPB Submits Annual Report: Confirms Our Views on Debt Collection Industry and the Role of Omnichannel Capabilities

debt collection trends

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have released their joint annual report on the Fair Debt Collection Practices Act (FDCPA). It’s something that debt collection industry stakeholders generally monitor for insight into industry trends. This year’s report confirms the clear trend of rising delinquencies. While still at historically low … Read more

Katabat Names Kelly Dickerson COO

kelly dickerson

Appointment reflects continued growth and success WILMINGTON, Del.—March 28, 2018—Katabat, a leading provider of debt management software for top global lenders, announced today that Kelly Dickerson has been appointed to the position of Chief Operating Officer. Dickerson joined Katabat in December 2017 as Head of Product Strategy. Citing the firm’s continued success and the continually … Read more

Effective File Monitoring: Undervalued Yet Critical

When choosing enterprise collections software (or any enterprise software for that matter), a live demo can help you make a thorough assessment before you purchase. It’s a good way to answer the many questions you likely have about features and ease of use. Other key factors like system security can be independently certified. However, back-office … Read more

Katabat 8.2 Debt Collection Software Release Enhances Client Data Exchanges

Katabat's API functionality

Katabat has rolled out Katabat 8.2, with software updates that enhance the rich data exchange between our clients and our platform. The 8.2 upgrades include: Introduction of Payment and Funding Account APIs that provide real-time payment views. Data Exchange enhancements that add configurability for additional client-defined fields to our standard import process. Ability to capture … Read more

Veteran Entrepreneurs Gain Valuable Support from DC-area Business Community

Katabat was honored to be a part of this year’s Muster DC hosted by Bunker Labs! Bunker Labs is a non-profit network of military veteran entrepreneurs devoted to helping other veterans and their spouses realize their full business potential. Each year they bring their Muster Across America Tour to cities across the U.S. Muster DC, … Read more

6 Takeaways: RMA International’s 2019 Conference

Aria Las Vegas

I spent several days in Las Vegas last week at the Receivables Management Association conference, which was a great place to meet current and prospective clients. There were a lot of great discussions including the state of regulation at both the federal and local level and potential debt-buying opportunities (i.e., which markets represent the most … Read more

Application Security Manager (ASM) Provides Layer of Data Security

ASM

Avoiding data breaches is a top priority for most companies. The threats are real, and information-security teams across the globe are looking for the best way to protect their applications, data, and infrastructure from a variety of threats, vulnerabilities, and the many different forms of attack vectors. These threats never stop – and worse, they … Read more

With Auto Loan Collections, the Motor is Running

debt collections

In the past five years, the percentage of auto loans with 90-day-plus delinquent balances – a situation that typically results in a repossession of the vehicle — increased by 77.7% to about $22.6 billion, according to a Finder.com analysis of the New York Federal Reserve’s most recent Household Debt and Credit Report. That’s bad news for … Read more