LexisNexis Risk Management, a leading provider of legal, news, business information and risk management services, and Intelligent Results, a pioneer in customer analytics software for financial services companies, announced an alliance to create a hosted solution for the collections industry that will speed operational efficiencies and increase agency revenue streams.
The $15 billion collections industry faces unprecedented challenges, including rising costs and deteriorating debt portfolios that are eroding margins for collections agencies. One way to reverse this trend is to provide agencies with comprehensive and reliable data along with analytics and modeling capabilities to increase the probability of successful portfolio collections.
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