KollectApps for Lenders (BankTech)
KollectApps for Lenders 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.
KollectApps for Lenders (BankTech) is an advance integrated platform targeted to BankTech entities that undertake lending and financing operations
KollectApps for Lenders (BankTech), is an advance integrated platform for entities that provide lending and financing with a comprehensive ecosystem to undertake a comprehensive collections and recovery operations. KollectApps automates the Debt Collections, Recovery, Agency, Legal, Write-off, Repossession, Dialer, Data Integration, Reports and Recovery Analytics processes.
- Single platform to manage entire process of Collections, Recovery, Agency, Legal & Write-off management, bank wide
- Combine multiple product details (Loans, Credit Cards, Hire Purchase, Corporate, Commercial, Trade Finance, etc.) into single recovery platform
- Improve overall management of Non- Performing Loans / Financing (NPL / NPFs)
- Leverage AI based scoring to Collect better with generation of scores for propensity to collect & recover
- Perform profiling & segmentation of ALL accounts, not just delinquent accounts
- Work allocation and distribution to multiple teams internally, is fully automated via worklists
- Reduce Cost of Collections treatments with Customer Centric Collections & Recovery
- Automate the entire Case & Billing management of external debt collection Agencies & Law Firms
- Enable transparent and equitable case distributions internally and externally to teams for performance-based outcomes
- Facilitate flexible Rescheduling & Restructuring of the Loans / Financing via a built-in engine
- Support the retrospective calculations of the Loan interests and/or charges with built-in Ledger processor for Write-off and Judgment Accounts
- Enforce the Foreclosure legal procedures and workflows
- Support Central Bank’s requirement for Cross Product Default (link both defaulting and non-defaulting Accounts)
- Support the Repo lifecycle including management of repo Agencies, repo Agents, Store yards, Auctions and Police Reports
- Capture the police case reporting of delinquent and bad debt accounts
KollectApps for Lenders (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 for Lenders (BankTech) Integrates with Core Banking and Credit Cards systems including Silverlake, Misys (Finastra), Temenos, iFlex, Finacle, Cardlink, Ascend, BPC, FSS and Network International (NI) Cards.
We Cater For
Conventional / Universal Bank
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Cards
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Consumer Retail
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Corporate
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Commercial
Islamic Shariah Banking
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Cards
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Consumer Retail
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Corporate
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Commercial
Credit Cards only
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Cards :
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Consumer
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Corporate
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Bad Bank, Debt Buyers / Asset Rehab Companies (ARC)
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Consumer
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Corporate
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Retail Products
Government Student Loans
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Conventional Loans
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Islamic Financing
Government Housing Loans
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Customer Retail Loans
KollectApps – Architecture Framework
The KollectApps solution architecture overview is as follows:
KollectApps for Lenders – Debt Collections & Recovery Platform
KollectApps for Lenders – Modules
The KollectApps modules are as follows:
Kollections
Enterprise Debt Collections System
KollectReport
Reports, Templates & Letters Generation
KollectDialer
Dialer & Call Center Capabilities
KollectWrite-off
Financial Computation & Write-off Management
KollectRecovery
Recovery Management
KollectRepo
Comprehensive Repossession Solution
KollectAgency
Debt Collection Agency Management
KollectIntegrator
Online & Batch Integration Platform
KollectLegal
Legal Process and Law Firm Management
KollectAnalytics
Multi-dimensional Cubes & Analytics
Kollections
Enterprise Debt Collections System
KollectAgency
Debt Collection Agency Management
KollectWrite-off
Financial Computation & Write-off Management
KollectAnalytics
Multi-dimensional Cubes & Analytics
KollectDialer
Dialer & Call Center Capabilities
KollectLegal
Legal Process and Law Firm Management
KollectRepo
Comprehensive Repossession Solution
KollectRecovery
Recovery Management
KollectReport
Reports, Templates & Letters Generation
KollectIntegrator
Online & Batch Integration Platform
KollectApps supports the entire ecosystem of the BankTech space for Collections, Recovery, Agency, Legal, Repo and External Credit Bureaus.
Kollections
- Kollections
- Dynamic Worklist Generation & Assignment
- Visual Treatment Manager (Calls, SMS, Notices, etc.)
- Scoring Engine (Kollections Risk, Behavior, Profile, etc.)
- Profiling and Segmentation
- Unified Kollections of multi- products
or multi host systems - On-line Performance Monitoring
- Reports of Kollections
KollectRecovery
- Restructuring and Rescheduling Management
- Provisioning of Bad Debt (Specific and General)
- Foreclosure Management (LACA,
Registry, Land Office, etc.) - Collateral & Asset Disposal Management
- + Write-off Management with Financial
Ledger processing engine (Optional) - Post-dated Cheque Management
- Reports for Recovery
KollectLegal
- Law Firm Panel Registration
- Law Firms Engagement Contract & Fees Scale Management
- Cases Distribution to Law Firms and internal teams
- Legal Instructions and Next Step Actions management
- Legal & Case Tracking by Bank and Law Firm’s staff
- Billing and Invoice Management
- Online Application Usage and Tracking of Law Firms
- Reports for internal Legal department and Law Firms
KollectWrite-off
- Write-off and Write-back management supported
- Ledger Processor to continue to compute interests and financing charges after Core Banking stops all such computations
- Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest and Advance Payment Details
- All retrospective past multi-year calculations are done in KollectApps, not in Excel
- Advance aging calculations engine for Write-off and write-back type of Accounts
- Generate an active Statement of Account for write-off, full settlement or other types of Recovery Accounts
KollectIntegrator
- Data Extraction, Transformation, Transportation (SFTP) and Loading (ETTL) module to facilitate the integration with a multitude of Core Banking, Credit Cards and other Financial systems.
- Faceless deployment engine to run lights out in an automated environment
- Online real-time host system interface supporting ISO 8583, Web Services, Silverlake DSP
- Supports IBM WebSphere Message Broker Environment
- Web Services Integration – SOAP, WSDL, REST
KollectDialer
- Dialer Integration within the application with built in Softphone for Push Button
- Dialing
- Outbound Call Integration
- Inbound Call Integration
- Workstation Status Integration
- Campaign Call Lists
- Preview Mode
- Progressive / Predictive Mode
- Reports of Auto-Dialer Integration
KollectAgency
- Agency Panel Registration and Approval
- Agency Engagement Contract & Terms Management
- Accounts Files & Cases Distribution to Outsourced Agencies
- Billing and Invoice Management
- Online Application Usage and Tracking of Agencies
- Reports for Agencies
KollectReport
- Reports Designer
- Reporting Scheduler
- Multi-format output (xls, pdf, xml, etc.)
- Embedded into the KollectApps Software suite from Kollect
- Reporting Distribution via email
- Comprehensive Charting and visual data depiction
KollectRepo
- Repo Agencies and Repo Agents Panel
- Registration
- Contract, Billing & Invoicing Management
- Online platform for RepoAgency, RepoAgents, Storeyard and Auctions
- Bank’s platform for Repo Tracking
- Mobile app for RepoAgents to update online
- Manage all repo documents, RO notices
- Schedules 4th & 5th, Store yard inventory
- Police Reports and Auctions
- Online Reports for Banks & Repo Agents
KollectAnalytics
- Intelligent multi-dimensional analytic cubes for Collections, Recovery, Agency, Legal, Write-off, etc.
- Dashboards and aggregated Information views
- Actionable insights to patterns of behavior of each customer
- Interactive Drill-Downs, Dimensioning, Filtering Options & Intelligence Delivery
Kollections
- Kollections
- Dynamic Worklist Generation & Assignment
- Visual Treatment Manager (Calls, SMS, Notices, etc.)
- Scoring Engine (Kollections Risk, Behavior, Profile, etc.)
- Profiling and Segmentation
- Unified Kollections of multi- products
or multi host systems - On-line Performance Monitoring
- Reports of Kollections
KollectRecovery
- Restructuring and Rescheduling Management
- Provisioning of Bad Debt (Specific and General)
- Foreclosure Management (LACA,
Registry, Land Office, etc.) - Collateral & Asset Disposal Management
- + Write-off Management with Financial
Ledger processing engine (Optional) - Post-dated Cheque Management
- Reports for Recovery
KollectLegal
- Law Firm Panel Registration
- Law Firms Engagement Contract & Fees Scale Management
- Cases Distribution to Law Firms and internal teams
- Legal Instructions and Next Step Actions management
- Legal & Case Tracking by Bank and Law Firm’s staff
- Billing and Invoice Management
- Online Application Usage and Tracking of Law Firms
- Reports for internal Legal department and Law Firms
KollectWrite-off
- Write-off and Write-back management supported
- Ledger Processor to continue to compute interests and financing charges after Core Banking stops all such computations
- Payment Knock-off Rule of Apportionment toolkit for Principal, Miscellaneous Charges, Accrued Interests, Addition Penalty Interest and Advance Payment Details
- All retrospective past multi-year calculations are done in KollectApps, not in Excel
- Advance aging calculations engine for Write-off and write-back type of Accounts
- Generate an active Statement of Account for write-off, full settlement or other types of Recovery Accounts
KollectIntegrator
- Data Extraction, Transformation, Transportation (SFTP) and Loading (ETTL) module to facilitate the integration with a multitude of Core Banking, Credit Cards and other Financial systems.
- Faceless deployment engine to run lights out in an automated environment
- Online real-time host system interface supporting ISO 8583, Web Services, Silverlake DSP
- Supports IBM WebSphere Message Broker Environment
- Web Services Integration – SOAP, WSDL, REST
KollectDialer
- Dialer Integration within the application with built in Softphone for Push Button
- Dialing
- Outbound Call Integration
- Inbound Call Integration
- Workstation Status Integration
- Campaign Call Lists
- Preview Mode
- Progressive / Predictive Mode
- Reports of Auto-Dialer Integration
KollectAgency
- Agency Panel Registration and Approval
- Agency Engagement Contract & Terms Management
- Accounts Files & Cases Distribution to Outsourced Agencies
- Billing and Invoice Management
- Online Application Usage and Tracking of Agencies
- Reports for Agencies
KollectReport
- Reports Designer
- Reporting Scheduler
- Multi-format output (xls, pdf, xml, etc.)
- Embedded into the KollectApps Software suite from Kollect
- Reporting Distribution via email
- Comprehensive Charting and visual data depiction
KollectRepo
- Repo Agencies and Repo Agents Panel
- Registration
- Contract, Billing & Invoicing Management
- Online platform for RepoAgency, RepoAgents, Storeyard and Auctions
- Bank’s platform for Repo Tracking
- Mobile app for RepoAgents to update online
- Manage all repo documents, RO notices
- Schedules 4th & 5th, Store yard inventory
- Police Reports and Auctions
- Online Reports for Banks & Repo Agents
KollectAnalytics
- Intelligent multi-dimensional analytic cubes for Collections, Recovery, Agency, Legal, Write-off, etc.
- Dashboards and aggregated Information views
- Actionable insights to patterns of behavior of each customer
- Interactive Drill-Downs, Dimensioning, Filtering Options & Intelligence Delivery
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Kollect Systems is an innovative tech platform provider with BankTech and FinTech software solutions which leverage AI based decisioning and workflow technologies to help lenders perform Debt Collections & Recovery (BankTech) processes effectively and for mid-size to large scale enterprise companies (FinTech), to automate Receivables, e-Invoicing & Payments better. Kollect Decube is an online platform to manage Data governance, compliance, lineage, data catalog and data observability for managing the Data Assets of an organization.