Converting Information to Intelligence - Current Trends in Mitigating Small-business
Risk Through Analytics
As former Chrysler CEO Lee Iacocca put it, “Even a correct decision is wrong
when taken too late.” Portfolio managers who oversee small-business risks know
this well. They realize it when they make a decision about approving or rejecting
a loan request and recognize later the correct decision would have been clearer if
they could have weighed additional data and used improved analytics. Today,
fortunately, when they face growing pressure to bolster profits but with a leaner
budget and staff, small- business portfolio managers can tap novel data sources and
more sophisticated analytical techniques. With this potent combination, they can gain
more insights into their small-business operations and unlock more opportunities.
Those able to harness this new-found magic will win competitively and also satisfy
skeptical regulators. This white paper presents some of these latest trends affecting
the small-business lending landscape. Specifically, it illuminates how companies are
using the new robust data sources and analytic tools – from consortium data
to rapid model customization – to maximize their interactions with small-business
clients with greater accuracy.
To read the full study, please complete the form below.