There is an art-form to lending but it needs to be backed by science. This is especially true in making the origination process for small business loans actually work for small businesses. Utilize analytics and the embedded risk strategy to expedite the lending process for the smaller loan requests.

The directives are clear for all EU entities, and the lack of compliance in the recent Baltics case has hurt the bank's share price and reputation.

Regulatory efforts may prove valuable, but banks and law enforcement still need to use SARs more effectively, and that’s where cognitive analytics for AML can be a tremendous boon.

Enhancing Credit Assessment for Existing Customers LIFECARD, a credit card company with more than 5.7 million accounts, is the first lender in Japan to adopt the FICO® Score to enhance its credit assessment for existing customers. Calculating an appropriate and timely offer for a credit limit increase is made more accurate by reassessing customers with the FICO® Score, which analyzes their  credit bureau data from all their credit accounts. LIFECARD is also using the FICO® Score to realize risk and cost reduction by better evaluating credit risk eligibility. Shinichiro Okuyama, executive officer at LIFECARD, said, “Growth in the Japanese banking market continues to be hard-won. A contracting population, ultra-low interest rates, shrinking margins and constrained demand mean that lenders need to find opportunities for innovation. To grow our share-of-wallet we needed a way to differentiate our approach to lending, and offering proactive credit limit increases and personal loan offers to our... [Read More]

The view that pricing optimisation outcomes focus squarely on a customer’s price sensitivity may be short-sighted.