HOUSTON (March 6, 2009) – Shaw Systems Associates Inc., the leading provider of business solutions to the lending industry, announced that Scotiabank has expanded its user license for COLLECTIONS.
Scotiabank has broadened its use of COLLECTIONS internally and has extended the solution out to a significant number of additional desktops. The bank leverages COLLECTIONS in its loan/lease operations area to execute bank objectives and attain advanced control over business processes. Some of these include: delinquency management, bankruptcy, repossession, charge-offs, skip tracing, re-writes, lease extensions, fraud, customer tracking, legal and specialty, and operations.
COLLECTIONS is a sophisticated collections and portfolio management application designed for banks, finance companies, credit unions, and other financial institutions. This full-featured product accommodates every phase of an account’s life cycle for loans, leases, line of credit, credit cards, mortgages, DDA, and other receivables.
Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. Through its team of 69,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal, commercial, corporate and investment banking, to more than 12.5 million customers in some 50 countries around the world.