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How to Prepare for a Decision Engine Implementation
How to Prepare for a Decision Engine Implementation Introduction In previous articles we examined the topics of best practice decision engine implementation and implementation project considerations. In this article we will review what preparation a lender should undertake prior to commencing a decision engine implementation project. Implementing a credit decision engine involves navigating through various [...]
How to Use a Credit Decision Engine Effectively
How to Use a Credit Decision Engine Effectively Introduction In this article we will explore how to effectively use a credit decision engine in the originations arena. Using a Credit Decision Engine (CDE) effectively involves more than just deploying the technology; it requires strategic alignment with business goals, data quality, compliance with regulations, and constant [...]
Benefits of Using a Credit Decision Engine for Originations
Benefits of Using a Credit Decision Engine for Originations Introduction In this article we will explore the key benefits of using a credit decision engine in the originations arena. When comparing the use of a credit decision engine to a traditional, manual credit decision-making process (where no decision engine is used), the advantages of automated [...]
Cloud vs. On-Premises Credit Decision Engines, Part 2
Cloud vs. On-Premises Credit Decision Engines, Part 2 Introduction In this second article of a two-part series, see part one here, we continue to explore the key benefits of transitioning to a cloud-based SaaS credit decision engine and examine how it stands to disrupt the status quo in the lending industry. Benefits of Cloud-Based SaaS [...]
Cloud vs. On-Premises Credit Decision Engines, Part 1
Cloud vs. On-Premises Credit Decision Engines, Part 1 Introduction In today's rapidly evolving financial landscape, the adoption of cloud-based technologies is revolutionising how credit decisions are made. Traditional on-premises credit decision engines are increasingly being replaced by their cloud-based counterparts, offering enhanced flexibility, scalability, and efficiency. A SaaS credit decision engine not only presents a [...]
What to Consider when Implementing a Decision Engine
What to Consider when Implementing a Decision Engine Introduction In the previous article we examined the topic of best practice decision engine implementation. In this article we will review what are the many considerations that need to be made when implementing a decision engine? Implementing a credit decision engine involves navigating through various commercial, credit [...]
Best Practice Implementation of a Credit Decision Engine
Best Practice Implementation of a Credit Decision Engine Introduction Investing in a credit decision engine is an easy decision for the majority of lenders, as the benefits of automated decisioning have been well-proven across multiple industries, worldwide. Implementing a credit decision engine involves a number of tasks across several different disciplines, ranging from planning and [...]
How Can a Decision Engine Improve Your Credit Decisions?
How Can a Decision Engine Improve Your Credit Decisions? Introduction A credit decision engine will improve a lender's credit decisions through several key areas, each contributing to enhanced accuracy, efficiency, and credit risk management. A decision engine can significantly enhance credit decisions through the following mechanisms: Credit Decisions Improvements: Improved Accuracy and Predictive Power Advanced [...]
Selecting the Right Decision Engine
Selecting the Right Decision Engine Introduction Selecting a credit decision engine is a critical decision for any credit grantor and it is not an easy task, as it involves multiple considerations. Modern decisioning solutions have changed the game for the lending industry. Credit grantors are revolutionising their operations and boosting their competitive advantage by shifting [...]
Decision vs. Rules Engine
Decision Engine vs. Rules Engine Introduction Today we delve into the conversation comparing and contrasting Decision Engines (also referred to as a Credit Decision Engine) to Rules Engines (sometimes referred to as a Business Rules Engine). From a software architecture standpoint, a Decision Engine and a Rules Engine are both the same. Both operate on [...]
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Latest Blogs
How to Prepare for a Decision Engine Implementation
How to Prepare for a Decision Engine Implementation Introduction In [...]
How to Use a Credit Decision Engine Effectively
How to Use a Credit Decision Engine Effectively Introduction In [...]
Benefits of Using a Credit Decision Engine for Originations
Benefits of Using a Credit Decision Engine for Originations Introduction [...]
Cloud vs. On-Premises Credit Decision Engines, Part 2
Cloud vs. On-Premises Credit Decision Engines, Part 2 Introduction In [...]
