100% Committed to Bank and Credit Union Collection and Recovery

How can debt collection software for banks benefit my financial institution?

Collecting a past due debt is not unique to banking. But now more than ever, your loan officers must manage an increasingly wide range of variable and complex debts. 

Specialty loans of all types are now common, as well as rising credit card debt, overdrawn deposit accounts, and more. Increasing regulations, coupled with the demands of loan insurers, bank guarantors, and other vested parties each add rigorous compliance obligations to your bank’s collection process.  

The business goals and debt collection strategies for banks are very different from the goals and strategies of collection agencies seeking to collect on someone else’s debt, or to collect on debt that they purchased. That’s why CARM-Pro™ was created to serve as dedicated debt collection software for banking.

About the Author

Rob Daley Rob co-founded IBS in 1989, after spending six years as a lead developer for a core banking system, and three years as the SVP, MIS at St Mary’s Bank. Rob’s focus remains growing IBS staff, so we provide world class collection and recovery solutions to banks and credit unions, while expanding our partner channels beyond all main core system providers and primary ancillary product relationship partners.