Pio-Tech the leading provider of banking solutions in the region has recently announced the successful implementation of Deftrac® (Default Payment Tracking) the collection solution at Jordan Dubai Islamic Bank.
JDIB is a comprehensive Islamic financial institution that combines the Islamic values with the highest levels of banking services and a leading banking organization that offers its clients the best of services and personalized products to meet and exceed their expectations.
Ibrahim Abu Al-Rub Head Of Collection at JDIB said “We are very happy to deploy Pio-tech's collection solution; the solution increased the recovery of cash collected using efficient automated strategies and enforced best practices and business rules“.
Rand Hashem, Managing Director, Pio-Tech. said “We congratulate Jordan Dubai Islamic Bank for successful implementation of our collection solution, and we are always keen of providing our Customers with the highest standard of services and technology elements which are at the heart of our promise to deliver experiences which are specialized and unique”.
DefTrac® (Default Payment Tracking) is a leading, high-tech collection solution that combines the absolute tools and proficiency needed from a single, all-inclusive platform. Due to fluctuating economies, banks’ profitability and cash-flows were directly affected by increased delinquencies and charge-offs; hence the need for a smart automated solution to counter delinquent accounts. In order to help banks accelerate and control their collection process, the highly advanced DefTrac® solution has been devised to endorse the total recovery of various products, enabling banks to simply and swiftly apply collection strategies across all customer and account levels.