Interview with Cody Owens: Optimize Collections With a Loan Management System

Mighty Finsights

Interview with Cody Owens: Optimize Collections With a Loan Management System

Host - Rory Holland

Interviewed - Cody Owens

This Episode

Rory speaks with Equabli CEO Cody Owens about his company’s end-to-end collections management platform. In a few words, Equabli helps banks and fintech lenders effectively manage collections and recovery of delinquent loans. The platform uses machine learning to optimize strategies and improve performance, resulting in cost savings and better customer outcomes. The company aims to create a healthier financial ecosystem by addressing the underserved sectors of consumer finance and improving transparency in the industry. This comes with a few challenges, namely: scaling the business at the right pace, building trust in the financial system, and overcoming the slow adoption process in the industry. Cody’s key piece of advice for someone entering the fintech space is to have conviction, build trusted relationships, and seek strategic partnerships.

Key Takeaways

1. Equabli is an end-to-end platform that helps banks and fintech lenders effectively manage collections and recovery of delinquent loans.
2. The platform uses machine learning to optimize strategies and improve performance.
3. The company aims to create a healthier ecosystem by addressing the underserved sectors of consumer finance and improving transparency in the industry.
4. Challenges for Equabli include scaling the business at the right pace, building trust in the financial system, and overcoming the slow adoption process in the industry.
5. Key advice for someone entering the fintech space is to have conviction, build trusted relationships, and seek strategic partnerships.

Chapters

00:00 Introduction and Background

04:58 Transition from Big Corp to Startup

10:24 Optimizing Recovery Strategies

16:17 Building Trust in the Financial System

About Mighty Finsights

This is 'Mighty Finsights,' the podcast where finance meets formidable insights and spirited storytelling. Each episode offers a deep dive into the challenges and achievements that define the financial landscape, providing valuable lessons in finance, innovation, and resilience. Tune in for an experience that brings finance to life through the voices of its most influential leaders.