Take a look at the evolution of debt collection right from the ancient times in 3000BC to today's civilised and legalised methods. How times have changed!
The key differentiator of an enterprise-class debt collection system, is its ability to scale and make sense of all the data it already has, fast.
An in-depth look into the current debt collection landscape and how Juris Collect addresses industry pain points.
“The Approval Processes for Fintech Ideas Need to be Streamlined,” says See Wai Hun at Catching the Fintech Wave, 2016.
See Wai Hun was a panelist who put the spotlight on some key issues plaguing the industry. The most prominent of which is having to go through unwieldy regulations at banks and other financial institutions (FIs) on a regular basis.
Wai Hun was perfectly happy in the corporate world until she crossed paths with John Lim, a man with an entrepreneurial dream. He would later become her business partner and Juris Technologies’ chief technology officer and architect.
The Malaysian Reserve business daily discovers how Juris Technology became a catalyst in the way traditional banks manually process debt collections and recovery at the height of the financial crunch in the year 1997.
Within the new business models, there is a need for more proactive and effective collection and recovery strategies, by utilizing today’s flexible, responsive operational and IT systems to provide the agility and facilitate the respond to new and emerging risks in the market and empower the organization to deal with legacy risks inherited from earlier years.