Global Expansion Plans Give Rise to New Executive Positions
Two key leaders take the helm during unprecedented growth streak Global expansion plans give rise to new executive positions. EverChain is pleased to announce the creation of two new executive leadership roles to support the company’s global growth and expansion. Jenn Wilson, EverChain’s Chief Compliance Officer, will assume the responsibilities of CCO and Corporate Secretary; and […]
Fintech Nexus Interviews EverChain’s Founder and Chief Executive Officer, Matthew Wratten
Fintech Nexus Interviews EverChain’s Founder and Chief Executive Officer, Matthew Wratten Listen to the Interview The debt-buying process is one that has traditionally been highly manual with Excel spreadsheets flying around and not much automation or sophistication. But that has started to change as fintech has come to debt buying and selling. My next guest […]
Are Consumer Lenders Prepared for the Debt Tsunami?
Are Consumer Lenders Prepared for the Debt Tsunami? A TSUNAMI OF DEBT IS ON THE HORIZON. IF HISTORY IS ABOUT TO REPEAT ITSELF – HOW CAN CONSUMER LENDERS PREPARE FOR THE INCREASE IN DEFAULTS? There are five factors negatively impacting the global economy (high inflation, unemployment, deep recession, mounting debt and slow economic growth). If […]
Taking Unnecessary Risks With Consumers’ PII?
ARE YOU TAKING UNNECESSARY RISKS WITH YOUR CUSTOMERS’ PII? As a lender, you are entrusted with large amounts of your customers’ PII (Personally Identifiable Information) and, according to several federal statutes protecting PII, you are responsible for the security of that data. As the originating creditor, you likely have security and access protocols in place […]
EverChain: Certified Receivables Vendor
EverChain: Certified Receivables Vendor We are pleased to announce that EverChain has once again met the requirements and earned the designation of an RMAI “Certified Receivables Vendor” (CRV). As a designated CRV, our organization will continue to uphold the policies and procedures outlined in the Receivables Management Certification Program Governance Documents. EverChain was the first […]
What is an auto deficiency balance?
With nearly 2.2 million vehicle repossessions every year and over $600 billion in auto loans in the United States, many consumers may be wondering what leads to repossession and why they still owe money even after their car has been taken away. This is called an auto deficiency balance. The goal of this Money Chat Article – […]
The 2022 State of Ransomware Report
The 2022 State of Ransomware Report Sophos has released its 2022 ransomware report based on real-world IT professionals’ experiences last year, across mid-sized organizations in 31 different countries. The study concluded that the number of attacks is up, with increasing complexity and impact. About 2/3 of organizations involved in this study indicated that they were […]
Tips for Compliantly Buying Debt
Tips for Compliantly Buying Debt This article was published in Cornerstone’s newsletter on April 19. Table of Contents 5 TIPS FOR MITIGATING RISK WHEN BUYING DEBT 1. Strategy 2. Segment 3. Security 4. Due Diligence 5. Post-Sale 5 OBSTACLES THAT PREVENT CREDITORS FROM SELLING DEBT 1. Perception of Risk: 2. Lack of Resources: 3. Lack […]
Top 25 Financial Technology CTOs of 2022
EverChain’s CTO: Top 25 Fintech Execs of 2022 Top 25 Financial Technology CTOs of 2022, On April 19, 2022, The Financial Technology Report announced the winners and EverChain is proud and excited to share that our Chief Technology Officer, Renato Marteleto was named #13 to the list! According to The Financial Technology Report, “From a […]
Debt Sales as a Recovery Option for Creditors
Recovery options for creditors If you are like most consumer lenders, you know a portion of your loan portfolio will default. As a creditor, there are three recovery options you can do when a customer fails to pay their debt: Collect: Attempt to collect internally or Assign to a law firm or third-party collection agency […]
