Being in debt can have a major impact on a person’s mental health and wellbeing. Speaking more openly about debt can help to remove the stigma around the issue.

Although major developments in artificial intelligence have recently been cause for much debate, the debt collection business has already been an early adopter of AI. It helps to optimise business operations and provide quality customer service.

Many young people in the Nordics would need more financial education, and everyone would benefit from more transparent talk about money, says Anu Raijas, Adviser in Financial Literacy at the Bank of Finland.

Debt collection is an important factor in maintaining a healthy credit market and thereby the growth of the economy in the Nordics - especially in times of high inflation, says Carsten Tanggaard, Professor of Economics at Aarhus University.

For the first time in history since the introduction of the euro, inflation in the Nordic countries is much higher than in the US, says Tomas Hildebrandt, Senior Portfolio Manager at Evli.

The Anti-Money Laundering Act imposes various obligations on businesses. Operators with reporting obligations, such as Lowell, play a crucial role in preventing money laundering and terrorist financing.