Tilbago implements AI to bolster its debt collection solution
Luzern - Tilbago AG is now using Artificial Intelligence (AI) for its legal debt collection solution. This serves to increase the productivity and revenue of debt collection processes, while reducing costs in the process as well. Over 90 percent of AI-supported recommendations lead to the successful collection of debts.
Tilbago AG is now offering tools for legal debt collection supported by Artificial Intelligence (AI). As the fintech company, which was founded in 2016 and is headquartered in Lucerne, Switzerland, states in a press release, its clients can make use of this AI solution across various levels.
For example, the AI Recovery Intelligence tool efficiently leverages the knowledge of debt collection experts for successful debt collection processes, while the AI Loss Certificate Analyzer works by evaluating the financial potential of the loss certificates of Tilbago customers. With TiLL, Tilbago offers a tool that can provide case-specific information in compliance with the Swiss Federal Statute on Debt Enforcement and Bankruptcy. The AI-supported Legal Advisers and Decision Advisers advise creditors as to how they can get their money back.
These AI-powered tools have been on offer to Tilbago customers for a few months already. The recommendations made by the AI Recovery Intelligence tool, for example, have led to successful debt collections in more than 90 percent of cases since December, according to the press release.
«As a fintech solution, we are bringing debt collection processes to a totally new level and are reshaping the future of receivables management», comments David Fuss, CEO of Tilbago, in the press release. «At the heart of these innovations is our high-performance AI technology, which realizes precise case analytics and projections, and automatically implements these in practice».
