Mastering your collections
In a recent webinar titled “Mastering Your Collections,” MeridianLink® unveiled cutting-edge strategies and technologies aimed at enhancing the collections process for financial institutions (FIs). The event spotlighted the critical need for FIs to adopt advanced solutions capable of navigating industry shifts, regulatory demands, and changing consumer behaviors.
This blog summarizes key insights from the webinar, focusing on the intersection of industry trends, technological advancements in collections, and how MeridianLink® Collect can empower FIs to enhance their collection strategy.
Snapshot of industry trends
Shedding light on the looming financial challenges of 2024, the recent MeridianLink consumer survey reveals a staggering 40% of respondents anticipate financial hurdles in the year ahead, marking a pervasive sense of unease and uncertainty.
