Models & Scores
If your company is like many financial institutions, it’s likely the discussion around big data and financial analytics has been an ongoing conversation. For...
Machine learning (ML), the newest buzzword, has swept into the lexicon and captured the interest of us all. Its recent, widespread popularity has stemmed...
The August 2018 LinkedIn Workforce Report states some interesting facts about data science and the current workforce in the United States. Demand for data...
As I mentioned in my previous blog, model validation is an essential step in evaluating a recently developed predictive model’s performance before finalizing and...
An introduction to the different types of validation samples Model validation is an essential step in evaluating and verifying a model’s performance during development...
According to our recent research for the State of Alternative Credit Data, more lenders are using alternative credit data to determine if a consumer...
The traditional credit score has ruled the financial services space for decades, but it‘s clear the way in which consumers are managing their money...
In my first blog post on the topic of customer segmentation, I shared with readers that segmentation is the process of dividing customers or...
Marketers are keenly aware of how important it is to “Know thy customer.” Yet customer knowledge isn’t restricted to the marketing-savvy. It’s also essential...
Traditional credit attributes provide immense value for lenders when making decisions, but when used alone, they are limited to capturing credit behavior during a...
Today’s consumer lending environment is more dynamic and competitive than ever, with renewed focus on personal loans, marketplace lending and the ever-challenging credit card...
You just finished redeveloping an existing scorecard, and now it’s time to replace the old with the new. If not properly planned, switching from...
In 2017, 81 percent of U.S. Americans have a social media profile, representing a five percent growth compared to the previous year. Pick your...
We use our laptops and mobile phones every day to communicate with our friends, family, and co-workers. But how do software programs communicate with...
Looking to score more consumers, but worried about increased risk? A recent VantageScore LLC study found that consumers rendered “unscoreable” by commonly used credit...