ATLANTA–(BUSINESS WIRE)–FactorTrust®, the Alternative Credit Bureau™, today announced an integration partnership with Intellaegis, whose loan servicing platform, masterQueue®, combines artificial intelligence with predictive data, such as FactorTrust’s proprietary alternative credit data, to locate lost customers or assets.
Intellaegis will use FactorTrust’s real-time data with its lender customers for collections and recovery. “Integrating FactorTrust’s proprietary data serves to strengthen our unmatched collection of traditional, alternative and niche data,” said John Lewis, CEO of Intellaegis. “Layering Factor Trust’s unique predictive data on top of mainstream data improves masterQueue’s AI to facilitate the contact management process in regard to high risk customers at the earliest delinquency stage possible. This streamlines many manual, outdated debt collection and skip tracing data gathering and data usage techniques that are centered around locating lost customers. By automating the gathering, organizing and tracking of this extremely valuable data in a secure, and equally important, full state and federal regulatory compliant manner, the opportunity to locate and speak with a lost customer to help cure their debt gives our mutual customers the data and technology to improve their current contact management process.”
In 2016, American Banker Magazine named Intellaegis the number 11 spot on the top 20 FinTech companies to watch.
“We’re pleased to partner with Intellaegis to be part of the solution to the ongoing challenge of recovery management,” said FactorTrust CEO Greg Rable. “Our alternative credit data, combined with Intellaegis’ mainstream data, helps their lender customers to maximize their efforts in locating and prioritizing accounts, and hopefully, turn them into valuable future customers by satisfying those accounts.”
FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to make informed decisions about consumers. It is differentiated from the Big 3 bureaus by its collection of unique, behavioral and transactional data points it captures on tens of millions of consumers that go untapped by traditional sources.
FactorTrust, the Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders & financial service providers opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data analytics and risk scoring solutions not available from the Big 3 bureaus. FactorTrust Alternative Credit Data and Analytics accurately predicts risk and the ability to repay near and non-prime consumer loans in real-time. The company’s solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team has delivered unique data and valuable insight to U.S. lenders for more than 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.factortrust.com. @FactorTrust
Intellaegis is a Software Development company named by American Banker as one of the Top 20 FinTech companies to watch in 2016. Their masterQueue platform provides real-time interfaces into every relevant data provider, and this allows the software, not collectors, to instantly gather phone numbers needed to contact individuals that auto lenders or their service providers have lost touch with. Using its proprietary Predictive Analytic capabilities, masterQueue places the phone numbers with the highest probability of a right party contact to the top, inserts the numbers into an easy to use callQueue, and it then injects built-in compliance tracking tools to insure their clients don’t call a number they’re not supposed to, allowing them to stay ahead of the stringent regulatory laws being proposed and enacted by the CFPB and State Legislators. @Intellaegis