--- title: Exploring Open Banking Data in Collections & Recoveries description: In this webinar, the DirectID collections specialist, Alan Steele, will be exploring the implementation of Open Banking data to aid your Collections & Recoveries strategy. image: https://blog.atto.co/hubfs/Webinar-4.02.jpg --- [![5dd3eb0822bee1190149139b\_DirectID-RGB-White-p-500](https://uploads-ssl.webflow.com/5d9c48a81d570753a2de5b92/5dd3eb0822bee1190149139b_DirectID-RGB-White-p-500.png "5dd3eb0822bee1190149139b_DirectID-RGB-White-p-500")](https://directid.theidco.com) - [Solutions](https://www.direct.id/insights) - [Affordability](https://www.direct.id/products/insights-affordability) - [Income verification](https://www.direct.id/products/insights-income-verification) - [Categorisation & classification](https://www.direct.id/products/insights-categorisation-classification) - [Emerging financial distress](https://www.direct.id/products/insights-emerging-financial-distress) - [SME financial health](https://www.direct.id/products/insights-sme-financial-health) - [Bank account verification](https://www.direct.id/use-cases/bank-account-verification) - [Use Cases](https://www.direct.id/use-cases) - [Credit risk decisioning](https://www.direct.id/use-cases#credit-risk-decisioning) - [Risk modelling](https://www.direct.id/use-cases#risk-modelling) - [Origination & onboarding](https://www.direct.id/use-cases#origination-onboarding) - [Portfolio risk management](https://www.direct.id/use-cases#portfolio-risk-management) - [Collections & recoveries](https://www.direct.id/use-cases#collection-recoveries) - [Company](https://www.direct.id/resources) - [About](https://www.direct.id/about) - [Careers](https://www.direct.id/company/careers) - [Contact](https://www.direct.id/about/contact) - [Blog](https://blog.theidco.com/) - [Customer Stories](https://blog.theidco.com/customers) - [Coverage](https://www.direct.id/about/bank-data-coverage) - [Developer Docs](https://docs.direct.id/) - [Book A Demo](https://www.direct.id/demo) # Exploring Open Banking Data in Collections & Recoveries Presented by Liam Thomson [DirectID Webinars](https://blog.atto.co/webinars) [Collections](https://blog.atto.co/webinars/tag/collections) [Lending](https://blog.atto.co/webinars/tag/lending) **On the 4th of February at 2pm (GMT)**, DirectID hosted the first webinar of the year entitled **‘*Exploring Open Banking data in Collections & Recoveries*’**. In recent years, we’ve worked closely with debt collection firms and entities, leading to the identification of 3 key challenges that hinder efficient portfolio management: - The problematic nature of verifying Income and Expenditure when reliant of self-asserted affordability - Debtor reluctancy to engage in the collections process - Increasing the performance of the debt book With our 10+ years of experience working with bank data, we shared our knowledge on the practicalities and implications of using consumer financial data to overcome the key challenges faced by the sector. In this webinar, our collections specialist, Alan Steele, explored the implementation of Open Banking data in a Collections & Recoveries strategy. If you are having trouble viewing the registration form below, please click [here.](https://www.crowdcast.io/e/exploring-open-banking) powered by Crowdcast   *Blog published Jan 24, 2020 - Written by [Liam Thomson](https://blog.atto.co/webinars/author/liam-thomson)* [Collections](https://blog.atto.co/webinars/tag/collections) [Lending](https://blog.atto.co/webinars/tag/lending) ## Related Webinars [View more webinars](https://blog.atto.co/webinars) ## [Redefining Credit Risk: Insights for Lenders](https://blog.atto.co/webinars/redefining-credit-risk-insights-for-lenders) Liam Thomson Join the demo of our award-winning credit risk insights platform. We'll be dissecting the relevant use cases and showcasing its unrivalled capabilities. [View this webinar](https://blog.atto.co/webinars/redefining-credit-risk-insights-for-lenders) ## [Validating Assumptions on the use of Open Banking Data](https://blog.atto.co/webinars/validating-assumptions-on-the-use-of-open-banking-data) Liam Thomson Join an interactive discussion with credit union executives hosted by James Varga, CEO of DirectID and Constant AI President, Carissa Robb. [View this webinar](https://blog.atto.co/webinars/validating-assumptions-on-the-use-of-open-banking-data) ## [Covering the Full Credit Lifecycle: A Story of Bank Data](https://blog.atto.co/webinars/covering-the-full-credit-lifecycle) Liam Thomson In this webinar, we will explore using bank data to help lenders make accurate, timely, and confident decisions at every stage of the credit risk lifecycle [View this webinar](https://blog.atto.co/webinars/covering-the-full-credit-lifecycle) # Subscribe to our blog Subscribe today and we'll keep you up to date with the latest FinTech blogs, product updates, customers stories and news headlines. 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