ABIT and Debitos enable financial service providers efficiently recovery of unsecured non-performing loans

(PresseBox) - ABIT and Debitos offer financial service providers an easy way to quickly recover unsecured non-performing loans (NPLs) on the Debitos receivables exchange, using the ABIT Export.Professional NPL interface.
Debitos is Germany's first online receivables exchange, on which companies can trade any kind of receivable both individually and bundled in a portfolio. More than 200 qualified investors compete directly with each other and bid for the available receivables in a transparent auction process. With over 1,000 registered companies, Debitos is currently the largest online marketplace for trading receivables. Financial service providers in particular use the Debitos platform to recover non-performing loans as well as bankruptcy claims. They benefit especially from fast, audit-proof and revenue-maximising processes and significantly reduced costs.
In order to ensure the smooth transfer of relevant data onto the platform, the Debitos receivables exchange collaborates with ABIT GmbH, the intelligent process and receivables management specialist based in Meerbusch.
At the click of a mouse, standard reports about entire non-performing loan portfolios can be exported from the ABIT Banknology© product suite (version 2.5 SP 1 and above) using the ABIT Export.Professional NPL interface. The reports created using the interface retain the exact data required to evaluate and sell receivables on Debitos. Once vendors have offered their receivables for sale, purchasers place their bids. The highest bid wins and the vendor receives the agreed price for their receivables immediately after the trade closes. The extremely powerful ABIT Export.Professional NPL interface enables a CSV file with all information on the sales portfolio to be exported for an easy upload onto Debitos.
ABIT Banknology© for banks supports the entire loan process, from loan application through collection and recoveries to receivables handling, taking account of the supervisory banking regulations. At its core is an integrated credit process support, based on a uniform data model, which ranges from loan processing through the management of problem loans to the 'workout' (loan settlement) and loss provision in accordance with the German Commercial Code (HGB)/IFRS.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: PresseBox
Datum: 12.02.2014 - 09:20 Uhr
Sprache: Deutsch
News-ID 327064
Anzahl Zeichen: 2430

contact information:
Town:

Meerbusch and Frankfurt am Main

Kategorie:

Manufacturing & Production

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