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6-Fold Debt Recovery Improvement Showcased at Predictive Analytics World

Press Release, VortexDNA, Christchurch, NZ February 11, 2010. Two leading New Zealand companies, Receivables Management Limited (RML) and VortexDNA, will be presenting at Predictive Analytics World in San Francisco next week, demonstrating how VortexDNA data was modelled for RML to achieve a six-fold improvement in the efficiency of debt recovery.

“As New Zealand’s largest debt purchase company, we are always seeking innovative ways of increasing profitability,” says Paul Hilton, RML’s COO. “The work we have done with VortexDNA is world class and the conference is a means of showcasing what new capabilities can deliver.”

As a new source of predictive data, VortexDNA provides enhanced predictability for a wide range of human behavior from online advertising to insurance, healthcare to credit. In the last 12 months, 15% of American adults, or nearly 34 million people, have been late making a credit card payment and 8% (18 million people) have missed a payment entirely.

Using VortexDNA predictive data, RML expects to significantly improve its ability to help clients with arrear accounts. “Our clients include household names across core sectors of the New Zealand marketplace,” says Hilton. “The systems we now have in place can help reduce the burden of arrears accounts for our clients.”

“We are proud to be working with RML to enhance their analytic capabilities,” says VortexDNA’s CEO Branton Kenton-Dau, who will be co-presenting with Hilton at the conference. “The lessons that have come out of this partnership have phenomenal applications for businesses around the world, and our presentation at Predictive Analytics World is an opportunity to share that insight with others.”

People wishing to meet with Branton Kenton-Dau at Predictive Analytics World can email him to make an appointment

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ABOUT RML

RML provides the business and public sector with access to world class facilities and techniques in the rapidly expanding debt purchase, receivables outsourcing and information markets. The company is 100% New Zealand owned with four offices based in Auckland, Blenheim, Christchurch and Dunedin employing over 80 staff.

ABOUT VortexDNA

VortexDNA has developed and patented an algorithm, derived from the mathematics of complex systems, which produces a new, unique, predictive data characteristic. Based on widely accepted scientific principles and years of research, the data offers companies the ability to better anticipate how their customers are likely to act – and the ability to act on that knowledge to improve performance. VortexDNA data has applications for the insurance, telecommunications and banking industries.

CONTACT:

Paul Hilton, COO, RML
philton@rmg.co.nz
+64 (0) 27 441 6042

Branton Kenton-Dau, CEO, VortexDNA
branton@vortexdna.com
+64 (0) 3 376 4010