What is Generative AI and How Can it Enhance Debt Resolution?
7
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Gen AI is everywhere, but what exactly is it? From enhanced automation to completely revolutionised customer support and experience, find out how it’s changing the debt industry for good.
AI
Ethical AI: Building Effective Risk Mitigation Strategies in Debt Collection
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AI is revolutionising the financial sector, but with concerns over ethics, how can firms ensure proprietary and embedded tech stays secure, accurate and unbiased?
AI
The Power of Fine-tuned LLMs for Detecting and Supporting Vulnerable Customers
5
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Detecting and providing adequate support for vulnerable customers is not only a business-critical consideration for every organisation but an ethical one too. Generative AI is revolutionising this nuanced area of customer support with powerful fine-tuned LLMs. Here’s how we built our proprietary model, Olive 2.0.
AI
Generative AI: The New Frontier For Customer Service or Waning Tech Fad?
5
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With customer service in crisis and chatbots on the rise, find out how gen AI is becoming the new face of customer care for growth-orientated organisations.
AI
Ophelos launches in Spain and France!
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We’re thrilled to announce the next steps of our European expansion and partnership with Intrum, closing out 2024 by launching in both Spain and France.
Company
International Women’s Day x Ophelos: spotlight series with Anca Maszni
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IWD x Ophelos: spotlight series, our chat with Anca Maszni, Chief of Staff
Inside Ophelos
International Women’s Day x Ophelos: spotlight series with Shannon Lavery
3
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IWD x Ophelos: spotlight series, our chat with Shannon Lavery, Customer Operations Manager
Inside Ophelos
International Women’s Day x Ophelos: spotlight series with Melissa Barber
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IWD x Ophelos: spotlight series, our chat with Melissa Barber, Senior Software Engineer and Team Lead
Inside Ophelos
Ophelos joins forces with Intrum
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Read more about the acquisition.
Company
ChatGPT For Customers In Debt: Friend or Foe?
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Generative AI is capable of providing debt advice in an instant. But is it reliable? Discover some of the challenges and pitfalls.
AI
How We Prioritise and Solve Accessibility Issues at Ophelos
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It’s been a year since we began making our website accessible. Here’s what we’ve learnt.
Engineering
Building a Component Library with ViewComponent, Tailwind and Lookbook
10
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Learn how to set up and contribute to a component library with ViewComponent, Tailwind and Lookbook.
Engineering
Reframing Perceptions to Welcome Customer Complaints
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Welcoming customer complaints and transforming them into feedback benefits your business, your customers and your team.
Financial Health
How To Walk A Mile In Your Customers’ Shoes
3
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Customer support has the power to make or break the customer experience. Discover how we ensure every customer feels listened to and support
Vulnerability
Using Serverless Lambda Functions to Trigger Sidekiq Jobs
10
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Our approach to triggering Sidekiq jobs from outside Rails, using Typescript, Serverless, AWS Lambda and Redis.
Engineering
Moving from Charity Work to Debt Collection
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Discover the perhaps unexpected similarities between altruism and accounts receivable.
Inside Ophelos
4 Lessons: Building Our Data Team From Scratch
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Ophelos' Data Lead shares 4 lessons learnt while building their data team from scratch.
Analytics
The Impact of Poor Debt Collection Practices on Customers and Businesses
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Our new survey finds that inhumane, bullying collection tactics have grave impacts on customer wellbeing and present risks for businesses.
Vulnerability
Demand Forecasting: how we use it to improve customer service
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Learn how we use demand forecasting to predict future inbound enquiries and improve customer support.
Inside Ophelos
How will the New Consumer Duty transform the debt industry?
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We chatted to Risk & Regulation Advisor Erik Porter about timing, challenges and opportunities.
Vulnerability
The FCA's New Consumer Duty: what it means for your business
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The FCA's New Consumer Duty lays out the new regulations that will further benefit and protect customers.
Debt Management
Inclusion first: why accessible design matters
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In this episode, we chat to the engineering team about how to build inclusive products.
Inside Ophelos
Building a Data Lake to safely derive insight from sensitive data
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How to empower data scientists without compromising the security of sensitive data.
Company
A message to CEOs: how to help customers through the cost of living crisis
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3 questions leaders should be asking themselves to support their vulnerable customers.
Vulnerability
What is preventing innovation in the debt industry?
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Why has the debt industry been so slow to innovate? And how is tech the answer? Find out in the latest episode of Break The Cycle.
Digital
Interviewing at Ophelos: an overview of our hiring process
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Interested in joining the team? Here's everything you need to know about how we hire.
Company
We’re partnering with Inbest to help people access their benefits
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Inbest is on a mission to simplify one of the biggest hurdles for benefits claimants - knowing which ones they’re entitled to.
Financial Health
Using machine learning to create personalised communication strategies
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In episode 2 of Break The Cycle, discover how we use machine learning to tailor communication strategies to every customer.
AI
Where does debt fit into the customer journey?
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In our first episode of Break The Cycle we explore how companies can rethink the customer journey to care for customers in debt.
Debt Management
How is machine learning modernising debt collection?
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How can machine learning be applied to the archaic debt collection industry? And what problems can it solve?
AI
Encouraging your customers to engage with debt during a cost of living crisis
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Understanding how customers categorise money into different 'mental accounts' can help improve your debt resolution strategy.
Behavioural Science
Why is analytics essential for your debt resolution process?
3
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Introducing Ophelos Analytics: your one stop shop for understanding performance, customer engagement and customer demographics.
Analytics
Financial challenges faced by the LGBTQ+ community
3
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It's pride month! In this article we delve into some of the ways that discrimination in the UK still affects people's finances.
Financial Health
Announcing our £5M Seed Round Funding
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A huge thank you to every single member of our team, to our clients for their trust, and to our users who inspire us to always improve!
Company
Ophelos wins the 2022 Databricks Data Team Disruptor Award!
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We have been recognised as the company harnessing the power of data and AI to deliver solutions for some of the world's toughest problems.
Company
We’re partnering with Plend to help improve financial inclusion!
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We'll be helping ethical consumer lender Plend with their customers who fall behind on payments.
Company
Supporting people in debt who live with bipolar disorder
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As part of our series on vulnerabilities and debt, we take a look at how living with bipolar can affect a person's financial health.
Vulnerability
Turbo Charging Your Rails Forms
10
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A tutorial from Graham, our Principal Software Engineer, on how to use the Turbo framework with Rails to build intuitive, reliable forms.
Inside Ophelos
POV - You’re a Software Engineer at Ophelos
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Software engineer Katya Essina reflects upon some of the ways we've built a company culture that’s respectful, supportive and trusting.
Company
An Introduction to Accessible Design at Ophelos
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Discover our approach to creating accessible software so that everyone can easily use our platform.
Company
Energy firms need to use the cost of living crisis to rethink their collections model
4
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Here are the changes energy companies need to make to support their customers through difficult financial times.
Energy
We've partnered with Butter!
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We can't wait to work with Buy Now Pay Later firm Butter to help customers resolve debt in a more ethical, flexible and stress-free way.
Company
Using complaints and disputes to improve customer satisfaction
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Complaints are an opportunity to fix problems and prevent them from reoccurring. Here's how.
Inside Ophelos
Using machine learning to create customer-specific communications
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25% more recoveries, 28% less costs and 68% higher customer satisfaction - find out how we do it.
Company
Being remote-first improves our business. Here's how.
3
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More flexibility? Increased productivity? Better work-life balance? What's not to love!
Inside Ophelos
Tackling the taboo of debt collection with a digital approach
3
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Discover how tech can remove the shame and stigma so that both customers and businesses can have positive experiences.
Digital
How a digital-first collections strategy can help ensure conduct compliance
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Discover how an online self-serve platform can help companies gain a competitive edge while simultaneously reducing risk.
Risk Regulation
The importance of good design when caring for vulnerable customers
4
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Discover the design principles our team uses to create a seamless, stress-free journey.
Vulnerability
Chess, upside down helicopters and debt management
4
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Discover how reinforcement learning, an area of machine learning, can be used to solve complex tasks from winning games to fixing finances.
Debt Management
How flexible payment options can benefit both businesses and customers alike
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Discover how introducing more flexibility to repayment plans can prevent missed payments and broken plans.
Debt Management
How offering a digital self-serve platform can address debt collection’s pain points
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Lower cost to collect, increase compliance and improve customer satisfaction by offering individuals a DIY debt management platform.
Debt Management
We've partnered with Credit Kudos to help customers make more affordable repayment plans!
1
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Exciting news - we've chosen Credit Kudos as our Open Banking partner to make the repayment plans fairer, simpler and quicker.
Company
Choosing a debt collection agency for the 21st century
3
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Outsourcing collections be very valuable to your company, though there's a lot to consider. Here are three key elements to look out for.
Digital
Data reporting & analysis: how a reshuffle can revolutionise debt management
4
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Discover the new, innovative ways that debt agencies can share insights with their clients to benefit both the business and their customers.
Digital
How has Covid-19 affected income and spending?
4
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Whether the pandemic has allowed you to save money or taken a toll on your financial health, find out how to handle your new budget.
Budgeting
What is NLP and how can it be used to detect vulnerability?
5
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Training computers to understand language can revolutionise the customer experience and help flag up where extra help may be needed.
Vulnerability
Boosting customer engagement with digital communications
4
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Updating outbound messages with a digital-first strategy can be transformative for customer engagement and customer retention.
Digital
From vision to fruition: making our company values a reality
3
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We're putting substance behind our style, making sure that our company values drive every part of our interactions and creations.
Company
Click & collect: why traditional debt agencies must go digital to keep up
3
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Taking a digital approach can cut costs, boost customer engagement and drive customer satisfaction. We explore how.
Digital
Introducing Ophelos
5
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Hello World! We're excited to announce our launch and a $2.3 million investment round to transform the debt collection industry for good.