AMCO

Brand AMCO
Categoria Financial Services
Partner

AMCO is a major player in the impaired loan management industry, with a leading position in UTP management. With a solid track record of success accumulated over the past 20 years and stable governance, AMCO is a financial company controlled by the Ministry of Economy and Finance. It is subject to supervision by the Banca d'Italia and financial control by the Corte dei conti. In 2020, the value of NPE under management reached 34 billion euros, and the company's focus is on UTP.

Requirements

AMCO needed a single platform to centralize the management of impaired loans from different banking institutions, such as Banco di Napoli, Banca Popolare di Vicenza and Veneto Banca. Since the portfolios were managed on different information systems, it was necessary to have a system that aggregated the information to enable effective and efficient management of the loans on a single platform. The goal was to have a single reference system for all actors involved in case management, to facilitate work through judicial and extrajudicial workflows and thus improve the quality of data populating and the management of daily operations. Finally, AMCO aimed to enhance the management of the onboarding of new NPE portfolios with the aim of maximizing their recovery.
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Solutions

Amco relied on the EPC solution from RAD Informatica, a company in Dedagroup's Banking & Finance Hub. In the first phase of the project, all the core functionality of the software was installed, from judicial workflow to the implementation of the activities required to manage portfolios. During phase 2, the former Bank of Naples portfolio was integrated. The connection with the Cedacri core banking system enabled the capture of information from the former management system, creating a new function for managing the UTP portfolio. Also connected was the system for posting collections, electronic invoicing, and interfacing with info providers essential for increasing awareness in management choices. EPC's management onboarding model made it possible to acquire new portfolios and manage them within its platform quickly and unparalleled in the market.
 
 
“The partnership with RAD informatics develops precisely in the enhancement and continuous integration of the platform, on the streamlining of the processes of management of these credits and for the optimization of time and activities in support of this management.”

Stefano Micheli, Chief Operating Officer - AMCO
 
 
 
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