EXUS Collections & Recovery Blog

Marios Siappas

Recent Posts

The next 10 years for Middle Eastern banking

Posted by Marios Siappas on Thu, Apr 25, 2019 @ 09:23 AM

In the last few years, a wave of change has swept through the Middle East’s traditionally conservative banking sector.

Bumper oil revenues had kept the region’s economies afloat, and substantial public investment by governments brimful with cash had transformed nations like Saudi Arabia and the UAE into modern, wealthy economies. During the era of stable oil prices, the Middle Eastern banks were happy not to rock the boat. With this intransigence came a marked lack of disruption and change in the sector. The banks that were the largest two decades ago remain the main players today.

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Top 10 fintech innovations in Southeast Asia

Posted by Marios Siappas on Mon, Mar 25, 2019 @ 10:32 AM

Big banks had it good for a long time. There was little competition or disruption. Banking was a captive market that provided generous profits.

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Guide: Using EXUS Financial Suite data to boost your debt collections performance

Posted by Marios Siappas on Wed, Mar 20, 2019 @ 02:06 PM

Banks and collections teams have a data problem. The issue isn’t the data itself or even a lack of data. Indeed, banks with thousands of customers are swimming in data.

Instead, the challenge is data governance and management. Large banks are complex entities with more than one core banking system. And it’s not only difficult to find the right information in the right system but also to sketch a holistic portrait of individual customers.

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Cultural focus: Debt collections practices in the Middle East

Posted by Marios Siappas on Mon, Feb 11, 2019 @ 10:49 AM

A cursory internet search will reveal a number of sobering stories relating to debt collections in the Middle East, but it’s important to understand that the region is still developing. Insolvency laws are still unclear, court practices are evolving and the payment terms are often incredibly generous.

What might be further delaying progress in the region is the cultural stigma that surrounds debtors.

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5 quick digital transformation tips for banks

Posted by Marios Siappas on Thu, Jan 17, 2019 @ 04:03 PM

Digital transformation has never been more of a hot topic. 79% of North American banking leaders believe their bank’s existence will be threatened if they don’t innovate faster. However, “digital transformation” is also a loaded phrase: it can mean a lot of different things to a lot of different people, and still puzzles executives in all industries. As a result, it can be quite overwhelming, particularly for debt collections teams who have been operating via the same systems and practices for years.

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Digital transformation in European banks: How are they REALLY faring?

Posted by Marios Siappas on Thu, Jan 10, 2019 @ 10:08 AM

Digital transformation has been something of a rallying cry in European banking for years now, but do those words come with action?

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5 reasons customers hate debt collections (and what you can learn from them)

Posted by Marios Siappas on Thu, Dec 06, 2018 @ 01:34 PM

Try as we might to change customer opinion, debt collections has struggled to shake its bad reputation in both established and emerging markets. Regionally, this could be down to a multitude of factors; from cultural differences and complicated local court systems to overly aggressive collections practices. These local debt collections problems have a knock-on effect on a regional scale. There are also various shared problems faced by debt collections agencies and banks across the globe.

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