Flexible payment options are essential for reaching as many customers as possible, but methods such as "buy-now-pay-later" often lead to payments never being made. In this event, businesses generally resort to debt collection agencies, but this can come across as intimidating, damage customer relationships, and prevent overdue customers from returning.
PAIR Finance leverages artificial intelligence to analyze customer interactions and behavioral data during the debt collection process in order to identify how to make customers more open to payment of their debts. The company also provides industry-specific services for credit scoring, portfolio purchasing, and customer retention, custom-designed for E-Commerce, Banking, Energy Providers, and other industries.
Debt collection is a process that has remained stagnant for decades and has not been innovated upon past simple developments such as digital payment plans. PAIR Finance has therefore found a unique niche in the market by investigating what makes customers avoid paying their debts, how to make them more open to doing so, and using machine learning to develop frictionless debt collection strategies.
Steph
Company Specialist at Welcome to the Jungle
