Risk & Compliance Persistent Debt Regulation and Advanced Analytics
Here's how decision optimisation can improve cardholders' strategies to comply with persistent debt regulation and help consumers meet their credit burdens.
Tag Archives: Credit Risk
Risk & Compliance Persistent Debt – Moving from Prevention to Competing
My last two posts on persistent debt in the UK focused on compliance and prevention. Here’s a different angle: Can issuers actually compete in this area?
Collections & Recovery 11 Credit Trends That Raise Questions for Debt Collectors
However efficient and advanced a debt collection operation is, it’s being stress-tested by a multitude of factors in ways not seen since the last global recession.
Risk & Compliance Persistent Debt – Moving from Compliance to Prevention
Following on from my previous post on persistent debt, here I’m tackling the topic of preventing customers from falling into persistent debt.
Risk & Compliance Complying with Persistent Debt Regulations — What’s Next?
While issuers have already started the actions prescribed by the FCA's persistent debt regulations, there is still a sizeable amount of work to complete and opportunities to be identified.
Risk & Compliance Is £90 Billion in Unused Exposure on UK Cards a Problem?
With over £40 billion of unused exposure on inactive UK cards and over £50 billion on active UK cards there is the potential for huge losses if consumers start to eat into these limits.
Collections & Recovery Managing Persistent Debt, Static Delinquency and IFRS 9
When we look at how card issuers are dealing with three key factors — the performance of delinquent credit card portfolios, the actions on the persistent debt cohort and the operating model adjustment to mitigate against unnecessary impact of IFRS 9 — what is interesting is what we don’t see.
Risk & Compliance UK Cards Delinquencies Show Troubling Trends
Our analysis of UK cards data from the FICO Benchmarking Service has revealed some troubling trends in UK cards delinquencies. All average delinquent balances reached over two-year highs in the fourth quarter of 2018.
Risk & Compliance Why UK Fintech Evergreen Chose FICO Decision Modeler
“We reviewed other decision engines, but the FICO system gives us the greatest sophistication and flexibility,” said Yisroel Perkel, founder and director of Evergreen.
Risk & Compliance U.S. Credit Scoring Trends to Watch in 2019
After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are four key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage Momentum is high in the consumer-contributed data space: consumers are getting more comfortable with sharing their data, provided they are presented with clear benefits for doing so. Mandates, such as the Revised Payment Services Directive (PSD2), are ushering in the era of Open Banking around the globe. Additionally, developments, such as the recent launch of the Financial Data Exchange (FDX), point to increasing collaboration between financial institutions and data aggregation vendors (such as Finicity, Plaid, Quovo, and Envestnet | Yodlee) to facilitate secure and efficient transfer of consumer-permissioned financial data. In 2019, enhanced credit underwriting via digitally contributed-consumer data will hit the mainstream. With... [Read More]