FOR IMMEDIATE RELEASE
Contact: Jeff LoCastro
[email protected]
September 11, 2017
Neener Analytics CEO Jeff LoCastro to address World Bank/IFC DARP Conference.
San Jose/Silicon Valley, California – September 11, 2017 – Neener Analytics announced today that Jeff LoCastro of Neener Analytics will be a featured speaker at the 2017 World Bank/IFC DARP Conference in Washington, DC on September 26-27. Better risk decisioning of Individuals is the key to reducing international consumer default debt and the global distressed asset crisis. Neener Analytics is leading the way.
About Neener Analytics
Neener Analytics has created decisioning and marketing products that analyze online social footprints to help lenders and other risk-based businesses maximize revenue, improve margins, increase volume, and deliver better customers by identifying the manifest financial risk character of their customers through an array of next generation patent pending analytics.
About World Bank/IFC
As a result of the global financial crisis, businesses in emerging markets are facing difficulties refinancing debt and banks are dealing with rising levels of Non-Performing Loans. In response, IFC has launched the Debt and Asset Recovery Program (DARP). This program makes direct investments in businesses that need to restructure debt, in pools of distressed assets, and specialized companies that manage distressed assets. It also invests indirectly through investment funds that target pools of distressed assets and companies.
Through the program IFC will partner with other international finance institutions and private sector partners on specific projects. DARP aims to support real and financial sector stability, growth, and development by addressing restructuring needs, cleaning up financial systems, and restoring the health of companies and financial institutions.
IFC will contribute up to $1.55 billion over three years. The program expects to mobilize about $5 billion more from other international financial institutions and private sector partners. We also expect to provide support to IDA countries affected by the financial crisis.
Contact: Jeff LoCastro
[email protected]
September 11, 2017
Neener Analytics CEO Jeff LoCastro to address World Bank/IFC DARP Conference.
San Jose/Silicon Valley, California – September 11, 2017 – Neener Analytics announced today that Jeff LoCastro of Neener Analytics will be a featured speaker at the 2017 World Bank/IFC DARP Conference in Washington, DC on September 26-27. Better risk decisioning of Individuals is the key to reducing international consumer default debt and the global distressed asset crisis. Neener Analytics is leading the way.
About Neener Analytics
Neener Analytics has created decisioning and marketing products that analyze online social footprints to help lenders and other risk-based businesses maximize revenue, improve margins, increase volume, and deliver better customers by identifying the manifest financial risk character of their customers through an array of next generation patent pending analytics.
About World Bank/IFC
As a result of the global financial crisis, businesses in emerging markets are facing difficulties refinancing debt and banks are dealing with rising levels of Non-Performing Loans. In response, IFC has launched the Debt and Asset Recovery Program (DARP). This program makes direct investments in businesses that need to restructure debt, in pools of distressed assets, and specialized companies that manage distressed assets. It also invests indirectly through investment funds that target pools of distressed assets and companies.
Through the program IFC will partner with other international finance institutions and private sector partners on specific projects. DARP aims to support real and financial sector stability, growth, and development by addressing restructuring needs, cleaning up financial systems, and restoring the health of companies and financial institutions.
IFC will contribute up to $1.55 billion over three years. The program expects to mobilize about $5 billion more from other international financial institutions and private sector partners. We also expect to provide support to IDA countries affected by the financial crisis.