Improved NPL evaluation capability
Non-Performing Loans (NPLs) are a persistent problem for banks, with many loans becoming unpaid debts. Banks sell these NPL files to specialized operators and debt collection agencies, which need to extract as much information as possible to make accurate assessments of debt’s value and likelihood of recovery.
The manual extraction of data from NPL files is time-consuming, inaccurate, and slow, leading to missed opportunities and inaccurate evaluations. Debt recovery agencies are often unable to keep up with the large volumes of NPL files and the information needed to evaluate them.
Altilia Intelligent Automation offers a solution to automatically categorize documents and extract the over 230 relevant datapoints that were prevously read manually, to enrich NPL data tapes and streamline the NPL value assessment process.
This leads to a more informed data process, with more accurate information, which only requires a tenth of processing time a with a 90% reduction of the manual workload.
With an improved ability to evaluate likelywood of recovery and to negotiate the right price with the banks, NPL operators can now generate higher margins and profitability.
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