This article was updated on March 12, 2024. The number of decisions that a business must make in the marketing space is on the...
This article was updated on March 6, 2024. Advances in analytics and modeling are making credit risk decisioning more efficient and precise. And while...
This article was updated on February 28, 2024. There’s always a risk that a borrower will miss or completely stop making payments. And when...
This article was updated on February 21, 2024. With the rise of technology and data analytics in the financial industry today, it’s no longer...
Developing machine learning (ML) credit risk models can be more challenging than traditional credit risk modeling approaches. But once deployed, ML models can increase...
As a community bank or credit union, your goal is to provide personalized care and attention to your customers and members while effectively managing...
This article was updated on February 13, 2024. Traditional credit data has long been a reliable source for measuring consumers’ creditworthiness. While that’s not...
Companies depend on quality information to make decisions that move their business objectives forward while minimizing risk exposure. And in today’s modern, tech-driven, innovation-led...
In today’s complex business landscape, data-based decision-making has become the norm, with advanced technologies and analytics tools facilitating faster and more accurate modeling and...
Model explainability has become a hot topic as lenders look for ways to use artificial intelligence (AI) to improve their decision-making. Within credit decisioning,...
Today’s lenders use expanded data sources and advanced analytics to predict credit risk more accurately and optimize their lending and operations. The result may be...
Well-designed underwriting strategies are critical to creating more value out of your member relationships and driving growth for your business. But what makes an...
If you’re a manager at a business that lends to consumers or otherwise extends credit, you certainly are aware that 10-15% of your current...
With great risk comes great reward, as the saying goes. But when it comes to business, there’s huge value in reducing and managing that...
Model governance is growing increasingly important as more companies implement machine learning model deployment and AI analytics solutions into their decision-making processes. Models are...