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In today’s world, technology changes everything, and the bail bond industry is not immune. The tradition for bail bonds is to rely on paperwork and phone calls. As technology advances, so does the way they do business. These changes are allowing the bail bonds to improve efficiency, transparency, risk assessment and tracking.
Online Bail Bonds
The internet has propelled the bail bonds industry into the future by allowing defendants the ability to request quotes and secure a bail bond service from practically anywhere. This convenience has made it possible for families to locate bail bonds and have their loved one released from jail without a long wait time.
The defendant is not the only one to benefit from bail bonds being online. The bail bond companies are now able to advertise to a broader sect of people due to being searchable on the internet. These companies are able to gain clients and service clients faster because all the paperwork and payment options are now being done electronically. Bail bonds do not have to be face-to-face with clients to process and get them released from jail.
AI, Risk Assessment and Predictive Analytics
There are massive amounts of data that circulates daily throughout the internet. This data is used with the aid of Artificial Intelligence to predict scenarios and help bail bonds make informed decisions. The bail bond agency can use this information to help predict if a client is a flight risk, past criminal history and a defendant’s likelihood to appear in court. These are all factors that are considered when deciding to take on a client.
AI is becoming a reliable source to assist bail bonds in many areas of their business. This technology is helping them to determine the cost to the client, the ability to set up automated notifications for court dates, payment deadlines and other important information. Judges can also use the predictive analytics and risk assessments to aid in their judgements of different crimes and the bail that should be set for each crime.
Electronic Monitoring and GPS Tracking
Technology has made advancements in the tracking of defendants and how the bail bond agencies are able to monitor them while out on bail. With the use of GPS and mobile tracking apps, these agencies can find their clients by simply looking at their phones and knowing where someone is in real time. This technology reduces the need for the bail bond to physically check in with their client while keeping the public safe by knowing exactly where the defendant is at all times.
Final Thought
The justice system and bail bond agencies alike are able to benefit from the advances in technology. As with all technology, there are risks of security breaches, efficiency in paperwork and accuracy in the bail bond industry; all of these require proper oversight and regulations to be put in place. However, the advances that have been made can help a defendant when they need a bail bond most.
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