How they describe themselves: Global Debt Registry is the clearinghouse for the debt market, providing the definitive independent source of debt ownership information. Our process standardizes and digitizes chain of title tracking in a secure, cost-effective manner. The many benefits from our debt titling services include providing resale controls and transparency into debt ownership, agency placement, maintenance of debt extinguishment records, and providing consumers a way to independently validate debt ownership and collection activity – post charge off. This helps banks manage risks and meet growing regulatory requirements.
How they describe their product/innovation: Global Debt Registry’s client application empowers banks and debt buyers with a revolutionary suite of cutting edge controls that support the sale or placement of distressed consumer receivables. Debt owners can download account reports and request legal affidavits to demonstrate proof of ownership. Members have access to a customizable dashboard to analyze, track, and control relevant delinquent accounts. Our consumer application is the first-ever consumer resource empowering consumers to access account information and ownership history to avoid fraud, costly errors, and cases of mistaken identity by independently validating claims from a debt collector.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms