Covid-19 pandemic has ignited an unprecedented risk for the economy. Banks and financial institutions across the globe are expected to register unusually high default rates on loans once the moratorium and forbearance imposed by the governments and the regulators are lifted.
Scientific tools such as collection and recovery scorecards offer a mechanism to predict defaults on the loan portfolio and also suggest appropriate actions to alleviate debt collection and recovery risk. In this webinar video, learn how you can use machine learning to develop collection scorecards to improve debt collection efficiency. Also, learn how to implement collection scorecards to reduce bad debts on your portfolio.