BankersLab Releases Game Training Product to Test Collection Strategies

There are a range of simulation games. Games that replicate what its like to be in a war zone and games that let you build your own city.

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To help banks tackle the issue of mortgage delinquencies, ""BankersLab"":http://bankerslab.com/ announced the launch of CollectionLab, a simulation game that allows banks to test strategies in a virtual environment as they attempt to optimize delinquent collections.

""The secret to successful delinquent collections is finding the right balance between cost and benefit, while still maintaining customer satisfaction. We wanted to create a product that taught professionals how to confidently walk this tightrope,"" said Michelle Katics, BankersLab CEO.

In order to win in CollectionLab, players must operate the most profitable virtual bank with the most satisfied customers. Teams are challenged in areas of collection management including staffing, resource allocation, economic stress, and product growth.

The company stated future releases of the product will include certification programs.

BankersLab is the first company to deliver a suite of integrated gamified training products to the retail banking industry. The international company has U.S. headquarters in California and global operations in Brazil, UAE, Thailand, and South Korea.