This is a collection of articles related to the topic of debt collection best practices. These articles explain how using various state-of-the-art tools and techniques including omni-channel, machine learning, etc. can improved your collection efforts.
Our well-researched content is written by senior members of our leadership team. They are all seasoned veterans of the debt collection industry, both first and third party.
Amongst the topics covered here are:
We publish new valuable content roughly once a week. That means no endless self-serving advertorials here. Just valuable information to help you craft your strategy.
In addition, we also publish a series of white-papers on Omni-channel debt collection and Deployment strategy. Furthermore, we’ve created some very detailed and in-depth Customer success stories. Each story shows you a roadmap of how our clients achieve big results.
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May 25, 2021
I’m old enough to remember how surprised I was when I first started seeing articles about people using their cell...
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May 22, 2019
Everyone has probably heard of a Net Promoter Score (NPS), the popular measure of customer loyalty. But many people who...
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May 8, 2019
While I was writing about the CFPB Annual Report and Mike D’Andrade was writing about the CBALive and LendIt Fintech...
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March 21, 2019
When choosing enterprise collections software (or any enterprise software for that matter), a live demo can help you make a...
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January 30, 2019
In the past five years, the percentage of auto loans with 90-day-plus delinquent balances – a situation that typically results...
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January 7, 2019
In mortgage markets, good news and bad news often go hand in hand. Big challenges for lenders are often accompanied...
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January 2, 2019
Many lenders and other organizations with substantive delinquency and recovery portfolios have chosen to outsource their debt collections efforts to...
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December 17, 2018
Imagine being a manual software tester. Every day you have dozens of test cases to run, assess, and report what...
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December 6, 2018
Debt collections managers – whether working for a fintech or alternative lender, a collection agency, or in healthcare or utilities...
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November 14, 2018
Cross-selling and upselling are important ways to build relationships with customers, but it needs to be individualized and done at...
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November 7, 2018
As 2018 approached, I heard speculation that 2018 would be the year of data. No, the year of data protection....
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October 31, 2018
We’ve written before about Katabat’s commitment to agile methodology and process-driven speed. Our way of operating enables us to deliver...
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October 3, 2018
In a 2018 study of the sales operations at more than 300 companies, the CSO Insights research division of Miller...
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July 17, 2018
What is vulnerability exactly, and why does it matter to lenders? The Financial Conduct Authority (FCA), conduct regulator for more...
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June 26, 2018
I recently placed an online order with a major retailer and received the wrong items. I immediately went online to...
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May 31, 2018
One of our brand pillars at Katabat is Process-Driven Speed. Ok—speed sounds good, especially to our clients. But what does...
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May 15, 2018
In an increasingly mobile world, customers are more connected than ever. Nearly all consumers are highly digitally active across several...
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May 10, 2018
When your business receives a customer complaint, it is natural to feel defensive. However, keep in mind that most complaints...
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April 26, 2018
This is the third of a three-part series on Comprehensive Credit Reporting in Australia. Be sure to also read Part...
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April 24, 2018
There’s a reason why Nordstrom has an excellent reputation for customer experience. The retailer has been listening to what customers...
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April 17, 2018
The term “gig economy” originated in early 2009 at the height of the financial crisis. It referred to people who...
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April 12, 2018
Data is the one thing that modern banks need to succeed. That’s what Matt McAllister, CEO of Fluid PR, Inc.,...
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March 29, 2018
This is the second of a three-part series on Comprehensive Credit Reporting in Australia. Be sure to read Part 1 and...
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March 27, 2018
In the Old West, a cowboy depended on his horse to help control huge herds of cattle that wanted to...
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March 20, 2018
There are so many statistics floating around out there telling us that current customers are worth more and cost less...
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March 1, 2018
This is the first of a three-part series on comprehensive credit reporting in Australia. Be sure to also read Part 2....
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February 15, 2018
Digital services have totally transformed banking. Customer experience management today means less free pens and lollipops, and more apps. The...
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February 1, 2018
A few days ago, the retail world was abuzz with news that Lowe’s has entered into an agreement with Apple....
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January 30, 2018
Section 72 of Australia’s National Credit Code requires lenders to provide swift but careful consideration to customers who make a...
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January 25, 2018
Since I last wrote about Accenture’s report, titled “Financial Providers: Transforming Distribution Models for the Evolving Consumer,” I’ve been thinking...
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December 1, 2017
A few months ago I was in a fender bender, and the interesting thing is that I was an Uber...
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April 8, 2014
How many collections executives have been frustrated in the past by their top management’s assessment that a further investment in...
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March 14, 2014
More and more companies today are touting “superior customer experience management” capabilities. Some are talking about new contact center software,...
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February 13, 2014
Many systems installed in today’s banks have the inherent advantage of being “sunk costs”, in that users and management alike...
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November 20, 2013
I’m pondering a dilemma: one bank posts a 1300% increase in their digital collections performance over a three month period...
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July 30, 2013
July 30 2013 – Katabat today announced that the annual meeting of its European Industry Advisory Group (IAG) will take...
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