Tag: Decisioning

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Real-time credit decisions: Putting big data to work...

Call it big data, smart data or evidence-based decision-making. It’s not just the latest fad, it’s the future of how business will be guided...

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Time to upgrade your credit score solution...

The 1990s brought us a wealth of innovative technology, including the Blackberry, Windows 98, and Nintendo. As much as we loved those inventions, we...

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Speed and precision in driving auto lending...

Key drivers to auto financial services are speed and precision. What model year is your decisioning system? In the auto world the twin engineering...

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When is Big Data too much data?...

As Big Data becomes the norm in the credit industry and others, the seemingly non-stop efforts to accumulate more and more data leads me...

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Using data to understand customer preferences...

In today's data driven world, decisioning strategies can no longer be one-dimensional and only risk-focused. By employing a multidimensional decisioning approach, companies can deliver...

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The power of credit attributes in the decision process...

By: Teri Tassara In my last post, I covered the importance of using quality credit attributes to gain greater accuracy in risk models.  Credit...

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When we think about fraud prevention...

When we think about fraud prevention, naturally we think about mininizing fraud at application. We want to ensure that the identities used in the...

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“What is your average fraud rate?” Part 1...

By: Andrew Gulledge I hate this question. There are several reasons why the concept of an “average fraud rate” is elusive at best, and...

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SSN Randomization...

By: Margarita Lim Recently, the Social Security Administration (SSA) announced that it will change how Social Security numbers (SSN) will be issued, with a...

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Segment of One Decisioning...

By: Wendy Greenawalt Large financial institutions have acknowledged for some time that taking a more consumer-centric versus product-centric approach can be a successful strategy for...

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Rules vs. Risk...

The overarching ‘business driver’ in adopting a risk-based authentication strategy, particularly one that is founded in analytics and proven scores, is the predictive ‘lift’...

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Credit Unions and the Family Farm – common bonds...

I recently attended a conference where Credit Union managers spoke of the many changes facing their industry in the wake of the real estate...

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Risk based pricing rule...

–By Wendy Greenawalt Recently the Federal Reserve Board and Federal Trade Commission issued a new rule requiring any lender who utilizes a credit report...

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Advanced auto pricing strategies...

By: Wendy Greenawalt The auto industry has been hit hard by this Great Recession. Recently, some good news has emerged from the captive lenders, and...

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What does optimization mean to you?...

By: Wendy Greenawalt Optimization has become somewhat of a buzzword lately being used to solve all sorts of problems. This got me thinking about what...

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