Visual representation of credit risk analytics impacting financial services - Global Banking & Finance Review
An insightful image illustrating the evolving landscape of credit risk analytics in finance, reflecting the challenges and innovations faced by professionals post-financial crisis.
Finance

CREDIT RISK ANALYTICS: THE NEW ‘CREDIT CRISIS’ TO HIT FINANCIAL SERVICES PROFESSIONALS?

Published by Gbaf News

Posted on April 8, 2014

2 min read

· Last updated: November 30, 2018

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 Citigroup, Suntrust Banks and Kabbage tackle Credit Risk Analytics – full white paper now available

 

Credit Risk Analytics After the Financial Crisis

 We are six years on from the Financial Crisis but the memory is still fresh. The blame has been securely placed on high credit default rates and inadequate capital reserves. Since the Lehman Brothers collapse in 2008 the witch hunt has been on to seek out and destroy reoffenders and rebuild the credit risk landscape.

There is no doubt that we are still in the process of a credit risk revolution. But, what does this really mean for credit risk professionals? Have the necessary steps been put in place to really safeguard our financial services sector and is it possible to prevent a future Credit Crisis?

Changing Landscape of Consumer Lending

The consumer lending market has been left in a whirlwind of change as regulatory and stakeholder expectations have shifted to initiate this transformation. Ironically, this comes at a time when state of the art analytics capabilities emerge allowing for significant change to credit risk business competencies.

How Industry Leaders Address Analytics Challenges

Leading representatives from Citigroup, Suntrust Banks and Kabbage battle daily with this upheaval in their credit risk departments. The ability to use revolutionary analytics tactics to reconstruct their consumer credit teams is at the forefront of their minds.

Integrating Data for Enhanced Profitability

Marsha Irving, Head of Credit Risk Analytics at FC Business Intelligence comments “It is about the implementation of integrated data and analytics platforms across the business that will increase profitability on the bottom line which is really key to professionals in consumer lending today.”

Best Practices from Financial Services Experts

In an exclusive white paper commissioned by FC Business Intelligence, Mrs. Irving uncovers best practice strategies being developed by leaders in consumer financial services as they master the art of credit risk analytics.

If you would like to learn more, access our full 14 page white paper ‘The New Credit Crisis: How Credit Risk Analytics Professionals Are Managing Critical Changes To Their Business’ featuring these discussions with Citigroup, Suntrust Banks and Kabbage now.

Key Takeaways

  • Post‑2008, credit risk analytics has transformed consumer lending through integrated data and platforms.
  • Citigroup, SunTrust Banks, and Kabbage are featured as innovating credit risk practices in a 14‑page white paper.
  • Implementation of integrated analytics platforms is key to improving profitability in consumer credit risk.
  • Best practices include combining new analytics capabilities with legacy expertise for unified modeling.
  • Credit risk professionals must adapt through technology adoption to safeguard the financial services sector.

References

Frequently Asked Questions

What is the white paper about?
It examines how leading institutions use credit risk analytics to transform consumer lending post‑2008 financial crisis.
Which institutions are featured?
Citigroup, SunTrust Banks and the fintech Kabbage are the key contributors.
Who authored the white paper?
It was commissioned by FC Business Intelligence and edited by Marsha Irving.
What’s the central recommendation?
Deploy integrated data and analytics platforms to boost profitability and strengthen credit risk functions.

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