Le Lézard
Classified in: Science and technology, Business
Subjects: CON, SRI

Poland's Ultimo SA Uses FICO AI-Powered Optimization to Advance Ethical Debt Resolution

LONDON, July 19, 2021 /PRNewswire/ -- Ultimo SA, one of the largest debt management companies in Poland and a part of B2 Holdings, will use FICO collections treatment optimization to take the ideal treatment path for each borrower. Using advanced mathematical optimization from FICO, Ultimo will be able to identify the best, most sustainable collections strategy for each borrower, from among dozens or even hundreds of potential options.

More information: https://www.fico.com/en/solutions/collections-optimization 

"Our mission is to help people get out of debt," said Marek Czysto?owski, Chief Operating Officer at Ultimo. "We are members of the Association of Financial Companies in Poland, we follow the Association's Principles of Good Debt Collection Practices, and each year we receive the Association's Ethical Audit Certificate. As an ethical debt management agency, we need the best way to serve our financial services partners and their customers, and using FICO's advanced data science will help us do just that. We are complementing Ultimo's market-leading collections expertise with innovative data science."

"Debt remediation is at the forefront of the financial services industry's response to the pandemic," said Jens Dauner, vice president of FICO overseeing the DACH region and Central Europe. "We are proud to support Ultimo's ethical debt resolution with our AI-powered optimization. There has never been a more important time to ensure every collections decision is the best possible decision."

Collections optimization helps organizations of all sizes strike a balance between loss reduction, resource challenges, and operational constraints to help maximize profitability, meet regulatory requirements, and manage customer satisfaction. It can be leveraged across the collections spectrum ? from pre-delinquency and early stage collections through later stage and recovery activities. Using collections optimization, lenders and debt collection agencies can easily and confidently choose the best decisions for account placements, settlements, channel selection, and other strategic treatment decisions.

About Ultimo

Ultimo has been in the debt management market since 2002, and is a member of the Association of Financial Companies in Poland (ZPF), an institution guarding high standards of business conduct. Since 2010, Ultimo has been licensed by the Polish Financial Supervision Authority to manage securitised debts. Since August 2014, the firm has been part of the international B2Holding Group, one of the leaders in the European debt management market. https://ultimo.pl/en/for-business-partners 

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at https://www.fico.com

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.


These press releases may also interest you

at 14:39
Vexcel Data Program, the world's largest aerial imagery program, has collected high-resolution aerial imagery of buildings and properties impacted by Hurricane Ian. The unprecedented level of destruction and scope of this...

at 11:00
Yiwu is the world's capital of commodities, Yiwugo.com is the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world. Yiwugo hosts 50,000 merchants and 10 million registered buyers, 10% of whom are...

at 10:38
CGN Europe Energy ("CGN"), a European leader in green energies, is co-organizing the open day of its wind farms located in the south of the city with Town Hall of Assac. Themed "From Wind Farms to Windmills", the 6 kilometers hike is also the first...

at 10:35
Faces & Voices of Recovery is pleased to announce Dr. Rahul Gupta as a guest speaker at the annual Recovery Leadership Summit, held this year in St. Paul, MN from October 2-5. Rahul Gupta, MD, MPH, MBA, FACP, is the first medical doctor to serve as...

at 10:01
The Janssen Pharmaceutical Companies of Johnson & Johnson...

at 09:00
Contrast Security (Contrast), the leader in code security that empowers developers to secure as they code, today announced that it has signed on as a Cybersecurity Awareness Month Champion for the second consecutive year. Contrast Security is a...

News published on 19 july 2021 at 04:00 and distributed by: