TrueAccord notes that even with wage gains over the last several years, 40% of consumers say they “earn insufficient incomes and struggle to keep up with inflation and interest rates.” TrueAccord pointed out in a blog post that “with approximately 75% of low-income households reporting… Read More
TrueAccord’s machine learning engine, HeartBeat, reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More
Fintech TrueAccord explains why not having the right collection partner can “equate to missed recovery opportunities tomorrow.” TrueAccord looks into what makes the end of the year such an important time “to evaluate your current collections partner.” TrueAccord comments on why firms need to evaluate… Read More
The economy took a wild ride in 2022, and with interest rates continuing to rise, inflation expected to remain relatively high and household savings dwindling, 2023 could be “just as challenging,” according to an update from TrueAccord. As consumers battle high inflation and interest rates… Read More
The Saudi Central Bank (SAMA) announced the licensing of Mani, a finance debt collection company to provide debt collection service for finance institutions. The license was granted to the company after completing all requirements stipulated in the “Rules of Licensing Finance Support Activities” issued by… Read More
KapitalKontroll, an innovative Norwegian provider of debt management and collection services has partnered with Neonomics in order “to launch a fully automated debt collection system that manages all payments through Neonomics open banking platform, enabling increased efficiency and security for its customers who include an… Read More
One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication in the financial services space, announced that Thomas Overton will “join as Chief Technology Officer.” TrueML develops software using patented machine learning technology “to create… Read More
When it comes to New Year’s resolutions, improving personal finances “isn’t anything new,” according to an update from TrueAccord. But as we look ahead to 2023, TrueAccord reveals that they “see more and more Americans adding serious financial goals to their list.” A recent Ascent… Read More
Payment service provider Clik2pay is announcing a collaboration with Inovatec, North America’s leader in lending process automation. This collaboration will “make it possible for Inovatec’s clients to request payment from customers using Clik2pay’s direct-from-account payment platform.” This is done safely and securely “using Interac e-Transfer,… Read More
TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, announced it “joined the Visa Fintech Partner Connect program.” Through Visa Fintech Partner Connect, TrueAccord “is Visa Ready certified.” This certification helps technology companies “build and launch payment solutions… Read More
One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication including in the debt collection space, recently announced it has “acquired the debt collection business of Enhanced Recovery Company, LLC (ERC), a collections provider.” The… Read More
Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More
TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions, recently announced that it has served over 20 million customers in debt with “a digital-first experience.” TrueAccord’s customer-centric approach and commitment to creating a positive consumer experience is “reflected in its 4.7 Google… Read More
On May 23, 2022, the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed judgment “against a debt collection enterprise with a history of deception and harassment to pay $4 million and be permanently banned from the debt… Read More
Sila Inc., a Fintech software platform that offers payment infrastructure as a service, announced that it teamed up with TrueAccord, the debt collection firm offering intelligent, digital-first collection and recovery solutions, “to make it easier for Sila’s customers to use TrueAccord’s products and services.” Having… Read More
TrueAccord Corporation, a debt collection firm providing machine learning or ML-powered digital recovery solutions, recently announced a partnership with Synapse as “an expansion of its Collections-as-a-Service offering.” The partnership will bring the “best-in-class” collection and recovery capabilities of TrueAccord to Synapse’s fintech partners and customer… Read More
TrueAccord Corporation, which provides intelligent digital recovery and communication products and services, reveals that it has introduced Retain, a new, client-branded product that aims to address early-stage collection challenges for lenders and various other organizations with clients with “past-due delinquent accounts.” Using the firm’s patented,… Read More
One in 10 or around 10% of Buy Now Pay Later (BNPL) shoppers have been contacted by debt collection agencies, and this figure increases to one in eight for younger consumers, according to Citizens Advice. The Citizens Advice charity has shared research findings which reveal… Read More
In 2019, Todd Johnsen, Snap Finance’s senior manager of Collections Vendors, had been tasked with doing something which had never been done at Snap before: implementing a third-party collections program. Johnsen noted that at that time, the only recovery program for charge-off accounts was “a… Read More
TrueAccord Corporation, a debt collection firm providing digital-first and consumer-centric services for resolving debts, revealed on Tuesday (August 3, 2021) that it made changes to its executive leadership team. TrueAccord noted that the changes were made to support “a planned expansion of products and services.”… Read More
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