Positive Disruption in Enterprise Collections
Tuesday, November 27, 2018
Title: Positive Disruption in Enterprise Collections
The age old problem of collecting on charged-off accounts has challenges. Enterprises are concerned with reputational impact, and end consumers are put under financial and possibly emotional stress by having to pay a significant amount of cash all at once. There has to be a better way. Some recent industry disruptions have explored some innovative methods to solve this problem, where a unique risk model specialized at adjudicating on deep subprime consumers can help alleviate the friction. When some people think the buzz word “fintech” is just a fad, Progressa has benefited from using advanced technology to facilitate credit adjudication, fast scaling, and easy connection with diverse partners. In this session, Progressa will share some interesting learnings about the company’s evolution in risk management and technology development, particularly:
- What are the major differences between prime credit modelling and non-prime credit modelling?
- What are some of the ways to automate a process that is historically high human-touch?
- Where else could these innovative solutions be used?
- How can a focus on NPS help protect brand awareness and allow for potential customer reacquisition?
Speaker bio:
Jason Wang, CFA
Vice President, Risk Analytics
Progressa
A risk management and consumer lending veteran, Jason Wang is experienced in formulating actionable insights from data mining, and in leading innovations aided by his deep understanding of consumer credit behaviour and lending product dynamics. In his current role as Head of Risk Analytics with Progressa, Jason leads analytics in enterprise risk tolerance, predictive modeling, refinance campaigning, collection strategy, and growth initiatives. His commentary about industry trends has been frequently featured in the business section of key industry trade publications and national newspapers, and he has been regularly interviewed by Bloomberg, BNN, CTV, etc. Prior to joining Progressa, Jason held analytic leader roles at prominent organizations such as TransUnion, American Express, and CIBC. He received his MBA from New York University, and his bachelor’s degree in physics from Peking University. In addition, Wang is a CFA charterholder.
For more information, and to register for this event, please visit our website.
Location: Vantage Venues (formerly The St. Andrew's Club)
150 King St, West - 27th floor, Toronto, ON, M5H 1J9
8:30 am - 9:15 am - Continental Breakfast & Networking
9:15 am - 10:30 am – Presentation and Q&A
Paid Member Price: Free
Non-Paid Member Price: $50
