Tag Archives: Credit Risk Policy

What will it take to get small business lending going?

Eric Lindeen
By:  Eric Lindeen
On: November 30, 2011
Topics: Credit Risk Management, Customer Acquisition and Retention, Regulations, Trends
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Banks today are suffering from an ancient predicament. The only people we want to lend to are those with no need for the money. The only people who seem interested in borrowing are poor risks. What’s a banker to do? Speaking with a banker recently about business lending, I was assured that ample funds are… Continue reading →

The More Data, The Better: The Case for Alternative Data

Karen Gordon
By:  Karen Gordon
On: June 15, 2011
Topics: Credit Risk Management, Trends
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A recent article in American Banker discussed the move toward an increased focus on the use of alternative credit scoring data by some lenders. For many banks it has typically been considered an aid in helping score the underbanked population, but more recently lenders have recognized that its use can be expanded to mainstream consumers.… Continue reading →

Insourcing: The Value of Internal Data in Credit Risk and Cross-sell

Karen Gordon
By:  Karen Gordon
On: May 26, 2011
Topics: Credit Risk Management
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In our business we talk about credit risk management everyday and assist our financial services clients with keeping up with their strategies to manage the ever changing credit environment.  Part of what makes our company unique is that we work with a broad array of data solution providers that give our clients the ability to… Continue reading →

The Portrait of a Thin File

Alex Johnson
By:  Alex Johnson
On: April 20, 2010
Topics: Customer Acquisition and Retention, Trends
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The thin file/underbanked market represents a significant revenue opportunity for financial institutions (FIs). These consumers do not, contrary to popular belief, pose any greater risk than the general banked population. Many are simply individuals that have had limited interaction with financial institutions but who could benefit from additional financial products and services. How do I… Continue reading →

A Better Way to Win the Credit Risk Battle

Eric Lindeen
By:  Eric Lindeen
On: January 5, 2010
Topics: Credit Risk Management
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I’m known by my staff for saying “I have a fantastic opportunity for you!” Typically this brings a look of skepticism, a groan, or occasionally a laugh. I really mean it when I say this and today I’m offering the same inspiring comment to credit risk managers in the financial sector. What is this fantastic… Continue reading →

Technology: The Silver Lining in the Banking Crisis Series – Credit Risk

Tom Johnson
By:  Tom Johnson
On: November 4, 2009
Topics: Credit Risk Management, Technology
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Financial institutions today are facing significant challenges because the historical length of time required to develop and implement new credit risk policy is ineffective in a rapidly changing economic climate. The time ranges, depending on the institution, but can be anywhere from 12–18 months or more. That is simply too long. When the market is… Continue reading →

A Closer Look At The Implications of UDAP

Eric Lindeen
By:  Eric Lindeen
On: June 6, 2009
Topics: Customer Acquisition and Retention, Regulations
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The credit card legislation currently under consideration includes a great many elements that are focused on improving consumer protections. Among the changes that are most likely to impact lenders are the clarifications to UDAP (aka unfair or deceptive acts and practices). Of particular interest to lenders who utilize prescreen or pre-approved offers is a proposed… Continue reading →