FactorTrust and Intellaegis partner to leverage complimentary platforms
Two Used Car Week exhibitors — FactorTrust and Intellaegis — announced an integration partnership on Thursday.
Executives explained the servicing platform, masterQueue, which combines artificial intelligence with predictive data is set to leverage FactorTrust’s proprietary alternative credit data to locate lost customers and assets.
Intellaegis will use FactorTrust’s real-time data with its finance company customers for collections and recovery.
“Integrating FactorTrust’s proprietary data serves to strengthen our unmatched collection of traditional, alternative and niche data,” Intellaegis chief executive officer John Lewis said. “Layering Factor Trust’s unique predictive data on top of mainstream data improves masterQueue’s AI to facilitate the contact management process in regard to high-risk customers at the earliest delinquency stage possible. “This streamlines many manual, outdated debt collection and skip tracing data gathering and data usage techniques that are centered around locating lost customers.
“By automating the gathering, organizing and tracking of this extremely valuable data in a secure, and equally important, full state and federal regulatory compliant manner, the opportunity to locate and speak with a lost customer to help cure their debt gives our mutual customers the data and technology to improve their current contact management process,” continued Lewis, who will be making multiple appearances during Repo Con at Used Car Week, which begins on Nov. 13 in Palm Springs, Calif.
In 2016, American Banker ranked Intellaegis No. 11 among the top 20 FinTech companies to watch.
“We’re pleased to partner with Intellaegis to be part of the solution to the ongoing challenge of recovery management,” FactorTrust chief executive officer Greg Rable said.
“Our alternative credit data, combined with Intellaegis’ mainstream data, helps their lender customers to maximize their efforts in locating and prioritizing accounts, and hopefully, turn them into valuable future customers by satisfying those accounts,” Rable went on to say.