AMCO's technological choice for the management of non-performing loans
AMCO is one of the leading operators specialized in the management of non-performing loans, with a leadership position in the management of UTPs, a successful track record developed over the past 20 years, and solid governance. AMCO is, in fact, a financial company controlled by the Ministry of Economy and Finance, subject to regulatory oversight by the Bank of Italy and financial control by the Court of Auditors. In 2020, the NPEs managed increased to 34 billion euros, with the company's focus on UTPs.
The purchase of the RAD Informatica EPC solution took place in 2018 with the aim of managing the non-performing loans of Banco di Napoli, Banca Popolare di Vicenza, and Veneto Banca on a single platform. The portfolios were managed on different IT systems, and there was a need for an information aggregator that would allow for effective and efficient management of the loans on a single platform.
There was also a need for a single reference system for all the stakeholders involved in the management of the cases, guiding them through judicial and extrajudicial workflows to improve the quality of data entry and the management of daily operations.
Finally, AMCO wanted to improve the management of onboarding new NPE portfolios with the aim of maximizing their recovery.
The project was developed in two phases. In the first phase, all the core functionalities of the software were installed, from the judicial workflow to the implementation of the necessary activities to manage the portfolios. This started from the state of the ongoing judicial procedures, thanks to the historical reconstruction of information from external legal entities.
In the second phase, the portfolio of the former Banco di Napoli was integrated. By connecting to the Cedacri core banking system, the information from the previous management system was acquired, and a new function was created for the management of the UTP portfolio. The posting system for collections, electronic invoicing, and interfaces with essential info providers were also integrated to increase awareness in managerial decision-making.
Finally, the management onboarding model of EPC allowed the acquisition of new portfolios and their management within the platform in a rapid and unparalleled manner in the market.