Your Virtual Credit Manager

DECEMBER 31, 2024

Share Don’t Let Your Company Become an Easy Target for Commercial Credit Frauds The increasing pace of B2B fraud underscores the importance of not only assessing a customer’s financial stability but also implementing practices to mitigate fraudulent transactions. via direct external communication with the customer.

Collector 130

Collector Credit and Collections Bad Debt High-Risk Accounts 130

Your Virtual Credit Manager

JANUARY 3, 2023

Email us to learn how the experts at Your Virtual Credit Manager can help you clean up your AR Ledger and increase cash flow by improving your Collection Process. Credit Analysis and Portfolio Monitoring Software: These solutions are for managing risk after the initial order has been approved.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Abrigo

MAY 30, 2023

Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. Reporting on the data is also expected to help identify small business owners’ needs and credit opportunities. But compliance deadlines are tiered.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Biz2X

FEBRUARY 27, 2024

Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA), directing financial institutions to compile, maintain, and submit specific data on credit applications and lending decisions for women-owned, minority-owned, and small businesses, with the goal of fostering transparency, accountability, and fair lending practices.

Credit and Collections 52

Credit and Collections Credit Unions Small Businesses Credit Application 52

Collenda

JANUARY 31, 2024

The Rise of ChatGPT: A Pioneering Force in Financial Sector Evolution The introduction of ChatGPT in November 2022 marked a significant milestone in the technology landscape, creating ripples not only in the professional realm but in numerous other sectors such as education.

Credit Application 52

Credit Application Transactions 52

Due

JANUARY 3, 2023

“But do they really need to know my credit score, or my past four telephone numbers, or the fact that I got a traffic ticket in 2015 (which I contested in court and won, by the way), or how many hours I logged in that part-time job a decade ago?”. It gets worse.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Emagia

MARCH 15, 2024

AI is also transforming how fraud can be detected and prevented and it is becoming an inevitable tool for mitigating customer credit risk in today’s digital age. billion in 2022. Studies estimate that the worldwide spending on AI-enabled financial fraud detection platforms will exceed $10 billion by 2027, increasing from just US$ 6.5

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52