U.S. banks can learn a thing or two about electronic credit management from British retail banks which, eager to manage their credit risk more efficiently and streamline debt collection systems, have produced favorable results with Debt Manager, a software package developed by London Bridge Software Holdings Ltd. Now, London Bridge is targeting the U.S. banking market with LBSS, Inc., its subsidiary based in Delaware, MD.

Installed at every major retail bank in the United Kingdom, LBSS's Debt Manager system is an arrears management system which enables collection departments to design a customized system that assesses the underlying risk of customers in determining the appropriate collection, recovery or legal strategy that should be employed.

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