A surge in non-performing loans (NPLs) is predicted as a result of the economic crisis brought on by the COVID-19 pandemic. Artificial intelligence may be the best technology for financial institutions to leverage when handling the forthcoming deluge.
In the decade-plus since the 2008 recession, the non-performing loans (NPLs) industry matured in many parts of the world, with loan sales and securitizations becoming commonplace for banks and a broadening pool of investors partaking in NPL transactions. But just as the NPL market hit its stride, a global pandemic threatens to disrupt the balance. How can issuers and banks navigate the post-COVID-19 NPL landscape?
