Benefits of Data Sharing in Credit Risk Modeling
Credit risk modeling is a major requirement for banks and businesses in the financial sector. With the emergence of technologies like artificial intelligence and machine learning in lending, the aftermath is mostly automated with reduced chances of defaults. Now,...
Potential Benefits of Automated Credit Decisions
We usually talk about how technology has changed the way we business and paved new ways to faster and inexpensive processes. However, still, a major chunk of businesses still relies on manual processes and reluctant to adopt automation. This scenario is still evident...
Consider These 8 Factors Before Choosing a Loan Management System
The requirement of lending businesses to have an agile and user-friendly lending solution has moved beyond a functional need to a strategic requirement. Paper-based system or spreadsheets have become obsolete and no longer meets the rising demands. Businesses need a...
Why Do You Need to Re-Evaluate Your Credit Scoring Process?
Lending as a dynamic industry has been subjected to numerous upgrades in terms of methodology. One needs to stay updated with the latest technology trends in order to stay relevant. Traditionally, lending companies have been evaluating their customers on the basis of...