KollectApps is an advance integrated platform targeted BankTech entities that undertake lending and financing operations

KollectApps for BankTech, is an advance integrated platform for entities that undertake lending, financing, collections and recovery operations. KollectApps automates the Debt Collections, Recovery, Agency, Legal, Write-off, Repossession, Dialer, Data Integration, Reports and Analytics processes. 

The platform automates and streamlines the entire Collections and Recovery processes, helping organizations to analyse all borrowers, predict defaulters with scoring capabilities, settlement timeline, reduce bad debt, lower outstanding and improve cash flow. With KollectApps, Collections & Debt Recovery personnel have access to most recent information on each Customer in terms of payments, delinquencies, disputes, Promises to Pay (PTP) and so forth, so they can quickly address any Collections & Recovery issues with Customers. 

Kollect’s goals are to help to improve Collections & Recovery efficiencies within the Lending and Financing environments globally, while tightly integrating with multiple core banking and cards systems. We assist Banks and Financial Institutes to improve their overall Non-performing Loans (NPL) or Financing (NPF) processes, debt recovery rates; reduce the net flow rates; and improve overall customer experiences while seeking for timely payments. 

KollectApps also facilitates the complex full settlement computations and write-off processes easily for the Recovery groups of the organization. It leverages the BASEL II output of probability of default (PD), loss given default (LGD) and strategy codes for recovery workflow and strategies. 

KollectApps for BankTech, are used by Banks, Shariah Financing, Credit Cards, Student Loans and Distressed Asset Buyers. The lending financial products supported by KollectApps include Consumer Loans/Financing, Mortgage, Hire Purchase, Auto Financing, Overdraft, Personal Loans / Financing, Trade Financing, Cashline, Corporate & Commercial Loans / Financing, Student loans, etc. We support both the “Good Bank” and the “Bad Bank” functionalities as required.  

KollectApps is an innovative scalable system which supports hundreds of millions of Customers & Accounts and tens of thousands of users, simultaneously with the following focus:

1. Kollections and Recovery Ecosystem 
2. Workflow and Strategies Automation 
3. Segmentation, Risk and Scoring Calculations 
4. Dashboards and Analytics

KollectApps – Modules

The KollectApps modules are as follows:

KollectApps supports the entire ecosystem of the BankTech space for Collections, Recovery, Agency, Legal, Repo and External Credit Bureaus.

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