On 24 October 2016, the Lucerne-based fintech company Tilbago is launching software with the same name for processing debt collection proceedings. PostFinance has acquired a minority interest in Tilbago AG and will combine the solution with its accounts receivable management tool, PostFinance Smart Business. This will enable the financial service provider to highlight its leading role as an innovative, digitally-oriented company. PostFinance focuses investments on know-how and new technologies in order to make even better and even simpler products and services accessible to its customers.
Around 2.8 million debt collection procedures are initiated each year in Switzerland. Until now, creditors mainly processed their debt collection procedures manually. Implementing and monitoring the procedure entail a substantial administrative workload, as well as incurring costs. This is where Tilbago comes in.