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Understanding Financial Inclusion

Understanding Financial Inclusion Breaking Down Barriers to Economic Participation Financial inclusion represents one of the most significant challenges and opportunities in modern economics. At its core, financial inclusion refers to the availability and equality of opportunities to access financial services for all segments of society. While this concept might seem straightforward, its implications and scope [...]

Open Banking, Part 2: Credit Risk Implications and Strategies

Open Banking, Part 2: Credit Risk Implications and Strategies Introduction As Open Banking continues to reshape the financial landscape, credit risk managers find themselves at the forefront of a data revolution. This new capability offers both opportunities and challenges for financial institutions. In this article, following on from Part 1, we continue by exploring the [...]

Open Banking, Part 1: A Revolution in Financial Services

Open Banking, Part 1: A Revolution in Financial Services In recent years, a quiet revolution has been sweeping through the financial world, promising to change the way we interact with our banks and manage our money. This revolution is called Open Banking, and it has the potential to transform the financial landscape for consumers and [...]

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 [...]

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 [...]