Logate is developing prediction and recommendation models for loan tracking that will improve debt collection in the banking industry.

Under the funding of the Innovation Fund of Montenegro, the project aims to provide an upgrade to the existing Loan Tracking System (LTS) that will predict the probability of debtors being late with loan repayments. The AI functionality will improve the debt collection processes and allow banks to make more precise decisions.

The end customers will also benefit as the feature will help banks become more proactive in customer relationship management and offer debt restructuring options.

Progress and accomplishments of the project will be posted on this page.