CCR World Magazine

MINNEAPOLIS - FICO, the leading provider of analytics and decision management technology, today announced the results of its quarterly survey of bank risk professionals. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), found strong evidence of a credit gap for U.S. consumers as lenders expect credit availability to fall short of consumer demand through the end of 2010.

The level of bad debts owed to British companies has almost doubled within a year. The 2009 level was just 1.4%, but a year later the proportion is 2.7%. The credit crunch is most evident in private customer business, where the proportion of bad debts is 3.2%.

OSLO - The Norwegian Tax Administration has entered into an agreement with EDB for mainframe operating services. The contract runs to 2017, and represents total contract value of NOK 120 million.

Deutsche Bank today announced a number of key hires to strengthen its already successful high yield trading business in Europe.

HAMBURG – Despite the international financial and economic crisis, in 2009/10 EOS Consolidated achieved a result slightly higher than the previous year’s figure: earnings before taxes (EBT) amounted to EUR 61.6 million in the financial year 2009/10 – compared with EUR 61.1 million in 2008/09.

HAMBURG – For the sixth time in succession, Euler Hermes Rating GmbH has rated EOS Consolidated with an ‘A’. This means that the agency regards EOS’ credit standing as well above the average that prevails in the economy as a whole.

Cardiff, August 31, 2010 - Atradius Collections, the global expert in domestic and international debt collections, releases the latest edition of the International Debt Collections Handbook. The International Debt Collections Handbook is an essential tool for export-oriented UK businesses making decisions around debt recovery in foreign countries. In total the handbook covers 26 countries and covers the different stages of amicable settlement, financial regulations around collections, legal proceedings and insolvency procedures.

P&A Receivables, the leading credit management and debt recovery service provider to the IT industry, is expecting ‘a lively and frank exchange’ of opinions at its forthcoming European Credit Forum (ECF) for senior credit managers from IT vendors and distributors, which takes place in Dublin on Thursday 16th and Friday 17th September.

(MUNCIE, IND) – Ontario Systems, LLC, a leading provider of accounts receivable and revenue-cycle recovery solutions for the collection and health care industries, announces that Inland Capital Services, one of the premier debt collection agencies in the U.S., is now live on Ontario’s Collect SAVVY software. Leveraging Collect SAVVY in Ontario Systems’ Software-as-a-Service (SaaS) environment, Inland Capital Services will use Collect SAVVY to improve collections and provide intelligent tools for better business decisions, and expects to see a 40 percent increase in production within the first two months of the engagement as a result.  

READING, UK and NORWALK, CT – Adeptra, the recognized leader in automated customer contact and resolution for fraud, collections and marketing, has announced new deployments of its Decision Engine technology for banks headquartered in North America and Europe.