{"id":13464,"date":"2021-11-29T11:43:43","date_gmt":"2021-11-29T10:43:43","guid":{"rendered":"https:\/\/www.atriga.com\/?p=13464"},"modified":"2022-10-31T14:11:22","modified_gmt":"2022-10-31T13:11:22","slug":"simply-assess-customers-better-how-banks-can-prevent-payment-defaults-at-an-early-stage-1-2","status":"publish","type":"post","link":"https:\/\/www.atriga.com\/en\/company\/atriga-up-to-date\/news\/simply-assess-customers-better-how-banks-can-prevent-payment-defaults-at-an-early-stage-1-2\/","title":{"rendered":"Simply assess customers better: How banks can prevent payment defaults at an early stage (1\/2)"},"content":{"rendered":"
[vc_row full_width=”stretch_row” remove_bottom_col_margin=”true” bg_type=”bg_color” bg_color_value=”#e9eef4″ el_class=”header-pic”][vc_column css=”.vc_custom_1573046173484{background-image: url(\/wp-content\/uploads\/2019\/09\/header-grafik-atriga-news.jpg?id=6602) !important;background-position: 0 0 !important;background-repeat: no-repeat !important;}” min_height=”200px”]atriga News<\/span><\/span>[\/vc_column][\/vc_row][vc_row remove_bottom_col_margin=”true”][vc_column width=”2\/3″ css=”.vc_custom_1566994559772{background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_row_inner][vc_column_inner]

Simply assess customers better: How banks can prevent payment defaults at an early stage (1\/2)<\/span><\/h1>[vc_empty_space][vc_column_text]The touchpoints between banks and customers are constantly decreasing. According to the Bundesbank, German banks closed 2,600 branches in 2020 alone, further accelerating the dismantling of their branch networks. However, the lack of contact also increases the risk of default due to fraudulent activities. These include credit rating fraud and identity theft, e-mail and website phishing and the establishment of bogus companies. With the financial lifecycle platform of the fintech axytos, potential borrowers can be better assessed and fraud attempts reliably detected and suppressed. We would like to find out from banking expert and atriga Senior Key Account Manager Michael Fait how exactly the innovative technology platform helps financial institutions.<\/strong><\/p>\n

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Fraud management and credit assessment in focus<\/strong>
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In order to reliably protect themselves against payment defaults due to fraudulent activities and risky customers, banks need a well thought-out fraud management strategy. This includes permanent identity and creditworthiness checks as well as data- and forecast-based risk and receivables management. Michael Fait knows the special challenges: “Many institutions with their legacy systems often have no possibility to use the customer information available in the IT systems for professional data analysis. Especially when it comes to checks and decisions in real time in online banking. Also, the creditworthiness of the customer is usually only checked once at the beginning of the business relationship, but changes in the course of the customer lifecycle are no longer taken into account, which can certainly lead to unpleasant surprises such as loan defaults.”[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text]\n

atriga Senior Key Account Manager Michael Fait: “Banks can use the axytos API to obtain information from over 70 external national and international data providers of their choice via just one interface.”<\/em><\/strong><\/p><\/blockquote>\n[\/vc_column_text][vc_empty_space][vc_single_image image=”12130″][vc_empty_space][vc_column_text]\n

Better and faster decisions for banks<\/strong>
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It is exactly in this environment of tension that axytos has developed a platform as a complete infrastructure, which is already successfully in use with marketable products and service offerings. Plug & Play, as a pay-per-use model completely from the cloud. Michael Fait explains what this means: “Banks can use the axytos API to obtain information from over 70 external national and international data suppliers of their choice via just one interface. This starts with all the relevant credit agencies for reliable credit checks and scoring, goes on to fraud prevention specialists, service providers for address validation, Know Your Customer processes (KYC), compliance, sanctions lists and much more. Likewise, internal data sources of the bank such as information on existing customers or black & white lists can be included within the scope of data mining solutions.” Which internal or external data sources are used in which order, for example as a cascading or parallel query, is specified by the bank individually and also dynamically. Any number of checking strategies can be stored in the axytos Customer Financial Lifecycle Management platform.[\/vc_column_text][vc_empty_space][vc_single_image image=”13502″][vc_empty_space][vc_column_text]In the second part of the interview with Michael Fait you can read, for example, how axytos deals with existing supplier contracts.<\/strong>[\/vc_column_text][vc_empty_space][vc_row_inner][vc_column_inner][vc_raw_html]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[\/vc_raw_html][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=”1\/3″ el_class=”testimonial-pic”][vc_row_inner][vc_column_inner][vc_raw_html]JTNDYSUyMGhyZWYlM0QlMjIlMjMlMjIlM0U=[\/vc_raw_html]

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\u201eInnovations optimize your receivables management. Subscribe to the atriga newsletter and be the first to know!\u201c<\/p>\n<\/div><\/div>

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\"Lasse<\/div>
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Lasse K\u00fchl<\/div>\n\n
\n\n\t\n\t\tHead of Customer Care\n\t\n<\/div><\/div><\/div><\/div><\/div><\/div>[vc_raw_html]JTNDJTJGYSUzRQ==[\/vc_raw_html][\/vc_column_inner][\/vc_row_inner]