Using predictive analytics to reduce risk of loan default and credit fraud
Aug 24, 2016 Walt Wojoiechowski
Data-driven enterprises participating in the financial sector require tools capable of revealing credit fraud and loan default risks. When selecting such solutions, professionals must find those that not only indicate the severity of a potential
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How do large banks classify 'small business?'
Dec 21, 2011 Walt Wojoiechowski
Much debate has emerged in recent years regarding the availability of credit to small businesses in the U.S. A number of advocacy groups have criticized large banks for chopping their lending volumes in the wake of the recession. Banks, on
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Credit unions top list of industries ranked for customer satisfaction
Dec 21, 2011 Walt Wojoiechowski
As tumultuous of year as 2011 was, it could not have been better for credit unions and small banks. A general trend toward community financial institutions emerged this year, but the shift was stoked even more by rising discontent with major
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Less than two-thirds of organizations have implemented effective risk management policies
Dec 19, 2011 Walt Wojoiechowski
In the wake of the 2008 financial collapse, and the ensuing plague of fiscal crises and credit crunches, organizations both large and small have begun adopting enhanced consumer credit risk management policies.A study released this week by
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Credit card debt has fallen by 10 percent since January
Dec 19, 2011 Walt Wojoiechowski
Consumers have been reining in debt this year, likely in response to swelling economic uncertainty, including high unemployment, stagnant wage growth and fiscal debt crises. While such a trend bodes well for personal finances, it indicates
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