Using the FSA PS10/12 as a basis of calculations, the system can handle PPI redress for both single premium and regular premium PPI:
- mortgages
- loans
- credit cards
The new load facility and adjustments in Redress manager make handling complex PPI cases far easier and they allow for improved accuracy when calculating redress.
Some items that can be included in calculations include:
- claims
- missing payments
- varying interest rates
- credit card balances
- changes to payment dates
- over / under payments...
AUTOMATION: For our testing we run automated tests which include loading data and running cases through the system. We can use these tools to set up automated processes for clients, thereby reducing the time taken to process cases (subject to having the right source data).
Further information
on PPI processing
Videos are for demonstration purposes only and are not training videos.
Exasoft Plc provide systems to calculate redress for PPI, Investments, Mortgage endowments / pensions and under-funding. In addition, we provide tools to aid in the sale of mortgages & savings products and systems for the education sector. Exasoft Plc is not regulated and therefore unable to give financial advice.