penagihan utang di Indonesia
Debt collections

From Archaic to Digital: The Potential For Remodelling Debt Collections in Indonesia

Indonesia is working to establish itself as one of the top 10 economies in the world by 2045. A McKinsey reportⁱ¹ has predicted that approximately 90 million Indonesian citizens will join the consumer class by 2030 – a number higher than all emerging nations except China and India. In addition, government data indicates that Indonesia’s GDP is expected to grow…

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Online Dispute Resolution
Arbitration

Expediting debt settlements using the Online Dispute Resolution framework

The debt recovery process entails a lender sending out reminders, collecting payments, and, if necessary, initiating legal action against the party that defaults. Disputes will inevitably arise regarding the legal side of debt recovery. However, due to the overwhelming number of cases that are already on the docket, the traditional legal strategy of having cases resolved in court does not…

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Debt Collections Platform
Debt collections

The future of collections is digital-first and data-driven

Over the past decade, the financial services sector has evolved tremendously, thanks to developments such as access to smartphones, internet penetration, simpler digital payments, data sharing, financial inclusion initiatives, and the rise of FinTechs. One resulting trend is the advent of new lending models that didn’t exist earlier. For instance, a person seeking a loan to pay for an expensive…

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automation in banking industry
Loan collections

Are your Loan Collection Mechanisms Future-Ready?

Are your Loan Collection Mechanisms Future-Ready? As the world tries to return to a semblance of normalcy in a post-pandemic world, the lending industry is seeing some respite. A recent Moody’s report¹ expects growth in bank loans to accelerate to 12-13% in FY 23 aided by increasing corporate earnings and easing of funding constraints for NBFCs. An Icra report² predicts an 8.9-10.2 per cent…

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Debt Recovery Software
Debt recovery

Reviving Finances: The Power of Debt Recovery Software

Introduction Debt Recovery Software is a process in which a loan goes unpaid continuously. To save the loan from becoming a bad loan or non-performing asset, the creditor hires a collection agency or a Debt Recovery Software, a third party that helps in the legal recovery of the loan. Loan Recovery Platform verifies every claim of creditors, and then a…

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