PAIR Finance, the innovative fintech for AI-based debt collection, is the winner of an “MPE Award” for the second year in a row and for the first time in the category “Best Use of Data Analytics and AI”. The award ceremony was part of the 15th Merchant Payments Ecosystem Conference, the largest payment conference for merchants in Europe, on July 6, 2022 in Berlin. The award gala took place at the Intercontinental Hotel in Berlin Tiergarten and was a meeting point for industry experts from the financial world and global merchants.
PAIR Finance receives the award for successfully developing an intelligent algorithm and for its leading use of data analytics to support traders.
The jury based their choice on:
- the effectiveness of the use of data analytics and AI
- the usability of the application for end users
- the added value for end users and merchants
- the impact on the market and on merchants
- the economic viability based on metrics
Award for AI-based Debt Collection
This recognition is another milestone achievement, proving our unique commitment to develop cutting-edge AI technology to help our 350 european enterprise customers transform their debt collection process and provide market leading technology. Our AI-powered collections service delivers immediate increase in recovery across all industries, while enabling companies to safeguard their customer relationship and helping consumers to manage their finances in a personalized and self-determined way. I’m very proud to accept the prestigious MPE award on behalf of all my hard working colleagues at PAIR Finance.
PAIR Finance Founder & CEO Stephan Stricker
MPE Awards with Focus on Fast Growth
This year’s award ceremony focused on fast growth, as Neira Jones, the Chairman of MPE 2022 Awards Judging Panel, pointed out in her welcome speech:
We remain committed to our Guiding Hand concept, and acknowledging a challenging couple of years, our Theme for this year is “Growing Faster”.
Since its founding in 2016, PAIR Finance has grown fast and at the same time sustainably. The more than 350 companies that already use the digital debt collection service include e-commerce and finance giants such as Zalando, Klarna, N26 and Sixt. The unique selling point is the AI-based technology, which PAIR Finance developed specifically for digital receivables management for the benefit of consumers and businesses. A self-learning algorithm analyzes customer data and typologizes different types of consumers. Following this typologization, the company contacts consumers at a specific time, through a specific channel, and with a specific tone of voice. This individualized approach allows PAIR Finance to find better solutions for each individual – both on the company and consumer side.
The Merchant Payment Ecosystem Awards
The Merchant Payments Ecosystem Awards, or “MPE Awards,” were launched in 2010 and have, over the last years, become an important benchmark of global excellence in card acquiring, POS and merchant payments. The awards bring a tribute to those parties and individuals who were instrumental in pushing the merchant payments ecosystem beyond the next level. The MPE Awards are the only European awards recognizing TOP merchant payments acceptance companies, individuals, and their achievements.
In 2021, PAIR Finance already received an MPE Award in the category “Best Payment Initiative for Merchants”. In 2022, PAIR Finance was nominated amongst the fintechs Elavon Merchant Services and GoCardless for the category “Best Use of Data Analytics and AI”. A list of all 13 winners of this year’s MPE Awards can be found here.
