KollectApps for Lenders (BankTech)

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

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KollectApps 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, recovery, and invoice collection services. KollectApps automates the Debt Collections, Recovery, Agency, Legal, Write-off, Repossession, Dialer, Data Integration, Reports and Recovery Analytics processes.

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
Single platform to manage entire process of Collections, Recovery, Agency, Legal & Write-off management, bank wide

KollectApps 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 and Invoice Collections Services.

We Cater For

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

Conventional / Universal Bank

Consumer Retail
Commercial
Corporate
Cards

Islamic Shariah Banking

Cards
Consumer Retail
Corporate
Commercial

Credit Cards

Cards :
Consumer
Corporate

Bad Bank / Debt Buyers / Asset Rehab Companies

Retail Products
Consumer
Corporate

Goverment Student Loan

Islamic Banking
Conventional Loan

Goverment Housing Loan

Customer Retail Loans

**Kollect*Apps*** for Lenders - Debt Collections & Recovery Platform

The process of how KollectApps Collections & Debt Recovery Platform works in cycle diagram

**Kollect*Apps*** for Lenders - Modules

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

Kollections

Enterprise debt collections system

KollectRecovery

Recovery Management

KollectDialer

Dialer & Call Center Capabilities

KollectReport

Reports, Templates & Letters Generation

KollectAgency

Debt Collection Agency Management

KollectLegal

Legal Process and Law Firm Management

KollectWrite-off

Financial Computation & Write-off Management

KollectRepo

Comprehensive Repossession Solution

KollectIntegrator

Online & Batch Integration Platform

KollectAnalytics

Multi-dimensional Cubes & Analytics

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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.