UK-based debt management software Flexys has entered a collaboration with Tuum to enable banks to optimise and improve debt collection and management.

By merging their platforms, Flexys and Tuum, a core banking provider, intend to support banks in enhancing and modernising debt collection via a real-time, user-centric approach. Considering the current economic environment, where consumer debt has increased, and financial institutions face stricter regulatory requirements, manual…