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Understanding and Preventing Operational Negation
Understanding and Preventing Operational Negation Introduction Operational negation is a critical yet often overlooked phenomenon in consumer credit risk management. It occurs when well-designed risk controls and strategies are undermined or rendered ineffective by operational practices, human behaviour, or system limitations. This disconnect between intended risk management strategies and their actual implementation can lead to [...]
Leveraging AI for Originations Credit Strategies, Part 2
Leveraging AI for Originations Credit Strategies, Part 2 Introduction In the last article, we looked at AI tools that can be leveraged to assist in credit originations strategy design. In this follow up article, we will look at the pros and cons of employing such tools in your credit analytics environment. Pros and Cons Using [...]
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 [...]
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Latest Blogs
Credit Strategy Reporting – Originations, Part 2
Credit Strategy Reporting – Originations, Part 2 Introduction The journey [...]
Credit Strategy Reporting – Originations, Part 1
Credit Strategy Reporting – Originations, Part 1 Introduction The journey [...]
Credit Strategy Reporting – Collections
Credit Strategy Reporting - Collections Introduction When accounts transition from [...]
Credit Strategy Reporting – Account Management
Credit Strategy Reporting - Account Management Introduction This is the [...]