TriVerity

Are you prepared for the rise in delinquencies this year? TriVerity provides financial institutions the support they need when managing delinquency rates in-house becomes problematic. Velera's latest blog explores their March edition of the Velera Payments Index, which revisits a past Deep Dive into delinquencies and a forecast for 2025. As delinquencies continue to rise, it's vital to reassess your collection department processes and determine if a trusted partner like TriVerity can support your staff, opening them up to focus on more customer-facing issues. "Credit card delinquencies are expected to continue to rise, with delinquency rates projected to reach 2.76% by the end of 2025 – driven by inflation, interest rates and ongoing economic uncertainty. Credit unions must be prepared to proactively support members facing financial hardship. " - Velera. ?? Read the blog: https://bit.ly/43vDUwU. ?? Download the report: https://bit.ly/4ig8jDY. #DelinquencyManagement #FinancialInstitutions

Our team Tyler Wier, Jonah Babnick and Patti Tibbetts have had a great time this week at the National Credit Union Collections Alliance (NCUCA) conference as Co-Sponsors! If you haven't spoken with them yet, they will be at booth #38! #DelinquencyManagement #FinancialInstitutions

Check out our newest blog by Connie Shoemaker, VP, Delinquency Management, TriVerity, Inc., where she discusses communication preferences by generation and how that impacts your financial institution's communication strategies. "As technology evolves, so do the communication expectations of consumers. While younger generations typically gravitate toward digital-first interactions, older generations still value personal, one-on-one interactions. Financial institutions face the challenge of how to bridge the preferences of different generations to best meet the communication needs of all borrowers." - Connie Shoemaker, VP, Delinquency Management, TriVerity. Read the blog: https://bit.ly/3XweCuE. #DelinquencyManagement #FinancialInstitutions

TriVerity greatly values our partnerships and the importance of building great relationships to continue bringing financial institutions strong and successful solutions. That's why when our esteemed estate recovery partner, DCM Services, invited our Client Service team to their office for a day of relationship-building and collaboration, we were thrilled to join them! Thank you, Christina Clark, Dawn Radecki and the DCM Services team for a wonderful day! #DelinquencyManagement #FinancialInstitutions #Collaboration

"The financial data and markets infrastructure (FDMI) industry is thriving. However, recent disruptions are motivating providers to make strategic changes to sustain their success." - Anutosh Banerjee, Laura Heaphy, Matthieu de Vergnes, Rushabh Kapashi, Promila Gurbuxani, McKinsey & Company. Read the article: https://mck.co/3QQV8gk. #DelinquencyManagement #FinancialInstitutions

Our team, Patti Tibbetts, Tyler Wier and Jonah Babnick, are gearing up to attend next week's National Credit Union Collections Alliance (NCUCA) conference as Co-Sponors! Find them at booth #38 from March 25-27. #DelinquencyManagement #FinancialInstitutions

Check out The Velera Payments Index March 2025: A Deep Dive into Delinquencies, where Velera examines differences by generations and costs, and our president, David Knowles, shares insights on delinquency trends. ?? Download Velera's Payments Index: https://bit.ly/4ig8jDY. #DelinquencyManagement #FinancialInstitutions

Wishing you a lucky and joyful St. Patrick's Day from all of us at TriVerity! May your day be filled with happiness and good fortune. ?? #StPatricksDay #DelinquencyManagement

"We’ve all been there—sitting in a strategy meeting, nodding along to a great idea, only to see it stall because execution is hard and expensive. The key to overcoming this challenge is ensuring that insights lead to real-world application—not just staying on a PowerPoint slide or, even worse, printed in a folder on your desk." - George Hofheimer, Hofheimer Strategy Advisors. Read the article: https://bit.ly/43ksX0U. #DelinquencyManagement #FinancialInstitutions

TriVerity's First-Party collections platform, offered by Velera, answers your consumer's demands, including our SMS text messaging solution. Key Benefits: ?? Increase Collection Rates ?? Higher Response Rate ?? Enhancement to Your Service Delivery ?? Create a Sense of Urgency With Your Borrowers ?? Increase Flexibility & Efficiency for the Borrower Learn more about how TriVerity's texting solution can improve your financial institution's delinquency management. https://bit.ly/3d7EGbu. #DelinquencyManagement #FinancialInstitutions