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Andrew Jennings
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Regulations Amplify Demands on Model Management
Since the global recession, regulators worldwide have become increasingly concerned about the soundness of decision making and capital adequacy within financial services. As a result, they are taking an even closer look at how financial institutions manage risk and use scoring models. To address this greater regulatory scrutiny of model... Continue reading
Posted 2 days ago at Banking Analytics Blog
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Best Practices for Modeling Regulations
Financial institutions have had a difficult time adapting to the latest regulatory guidance regarding model validation and management. But making the right improvements can also translate into better analytic performance and risk management. To both comply and compete, it's critical to build an organizational policy for comprehensive model and credit... Continue reading
Posted May 16, 2013 at Banking Analytics Blog
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Credit Line Increase Trends: A Mixed Bag
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Since the recession of 2008-2009, there has been quite a bit of discussion about credit lines. Are they going up? Are they going down? Are banks still aggressively managing their risk? Based on the US data I’ve seen, it looks like a mixed bag. On one hand, the number of... Continue reading
Posted May 8, 2013 at Banking Analytics Blog
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US Bank Priorities for 2013: Big Data, Customer Experience
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I've been blogging about results from our latest quarterly survey of US bank risk professionals. This quarter, we took the survey in a new direction by also asking about business priorities in 2013. Two related responses tied for the top spot, each with 35% of respondents: utilizing Big Data analytics... Continue reading
Posted May 7, 2013 at Banking Analytics Blog
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Secrets of Big Data Success – Live from FICO World 2013
At this week’s FICO World conference in Miami, Big Data has taken center stage. Our keynote panellist yesterday, Kenneth Cukier, presented a captivating talk on how Big Data will transform our lives. Based on his new book, Cukier, the data editor of The Economist, emphasized that the secret of succeeding... Continue reading
Posted May 2, 2013 at Banking Analytics Blog
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Credit Picture Getting Brighter for Small Businesses
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The availability of credit for small businesses has been a concern throughout the economic recovery. Our latest quarterly survey of US bank risk managers indicates we may be turning a corner. Not only are the bankers we surveyed generally optimistic about the credit market, they are expecting the credit situation... Continue reading
Posted Apr 16, 2013 at Banking Analytics Blog
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US Risk Managers Bullish On Housing Recovery
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I’m always curious to see what insight our quarterly survey of US bank risk professionals will yield. Here’s a finding that jumped out at me from this quarter’s survey: respondents think the housing recovery is for real. By now, we’ve all seen media reports of rising home prices in many... Continue reading
Posted Apr 9, 2013 at Banking Analytics Blog
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Challenging Assumptions About Consumer Deleveraging in the US
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Conventional wisdom holds that US consumers have been deleveraging—either voluntarily or involuntarily—since the recession of 2008-2009. While there is ample evidence that many consumers have, in fact, been deleveraging for the past five years, does that mean that all consumer segments have done so? The data indicates that one large... Continue reading
Posted Mar 21, 2013 at Banking Analytics Blog
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The Great Consumer Releveraging of 2013 … or Not
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As I’ve discussed previously, bankers seem to think years of deleveraging by US consumers will finally end in 2013. In our last quarterly survey of bankers, 61% of respondents said consumers will be applying for more new credit and trying to bump up the limits on existing credit accounts over... Continue reading
Posted Mar 14, 2013 at Banking Analytics Blog
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Is Consumer Credit Underwriting Looser?
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Last month I wrote about growing optimism of US bank risk managers. A large majority of those polled expect consumers over the next six months will be applying for more new credit, asking for higher credit limits and carrying larger balances. Is their optimism well-founded? We all know that it... Continue reading
Posted Mar 4, 2013 at Banking Analytics Blog
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2013 Bank Priorities Are Remarkably Similar Worldwide
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In our latest quarterly survey of US risk managers, we asked bankers about their institutions' priorities for 2013. Overwhelmingly we found that their top priority was increasing return on capital. Coming in as a close second was increasing their use of data to better understand customers. It's a familiar tune—one... Continue reading
Posted Jan 14, 2013 at Banking Analytics Blog
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Has Deleveraging in the US Come to an End?
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After five years of nearly uninterrupted deleveraging, are American consumers (with a little help from lenders) ready to reverse course and begin taking on more debt? According to our latest quarterly survey of US bank risk professionals, the answer seems to be yes. A large majority (61%) of the 251... Continue reading
Posted Jan 10, 2013 at Banking Analytics Blog
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How Big Does Big Data Need to Be?
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Big Data was on the agenda last week at the third annual Asia Pacific Chief Risk Officer Forum, held in Bangkok and hosted by FICO with IDC Financial Insights. But it might not be the Big Data you’re thinking about. For example, Australia’s contingent were discussing “comprehensive reporting,” which is... Continue reading
Posted Dec 27, 2012 at Banking Analytics Blog
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Stealing Some Magic From Retailers
My last post talked about a recent project to set customer-level limits for a major European bank. By understanding activity from across a range of products, the bank can better assess the degree to which it's willing to lend and how to allocate available credit between different products. This is... Continue reading
Posted Nov 12, 2012 at Banking Analytics Blog
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Setting Customer-Level Limits Across Products
Full-service retail banks have long known that one possible strategy to competitive advantage lies in making better use of their data—and in particular, data aggregated to the customer level. As a case in point, I'll share a few details from a successful proof of concept project we completed for a... Continue reading
Posted Nov 9, 2012 at Banking Analytics Blog
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Is US Consumer Credit Health Continuing to Improve?
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In my first post about our latest quarterly US survey of bank risk professionals, I highlighted the optimism around small business lending. That optimism appears to extend to consumer lending. In fact, this was the second consecutive quarter where a majority of bankers expected delinquency rates to remain flat or... Continue reading
Posted Oct 15, 2012 at Banking Analytics Blog
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Risk Survey: Small Business Lending on the Comeback Trail
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We just announced the results of our latest quarterly survey of US bank risk professionals. They seem to be feeling good about small business lending. In fact, by a margin of more than 2 to 1, survey respondents said that both the approval rate for small business loans and the... Continue reading
Posted Oct 9, 2012 at Banking Analytics Blog
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FICO Award Winners Demonstrate How Analytics Fuels Success
If you’re looking for evidence of how predictive analytics and decision management technology can transform business results, you can start with the winners of the 2012 FICO Decision Management Awards. Fiserv, Interbank, President’s Choice and insurer Universal American were named winners of our second set of awards today. For more... Continue reading
Posted Oct 1, 2012 at Banking Analytics Blog
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Understanding predictive analytics—a new resource
Predictive analytics have gone mainstream. That’s according to IDC, who recently reported that the business analytics market grew by 14.1% in 2011 and forecasted continued growth at close to 10% through 2016. IDC cites R&D innovations and “attention-grabbing headlines” for Big Data as key reasons why analytics have “crossed the... Continue reading
Posted Sep 5, 2012 at Banking Analytics Blog
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Is US Consumer Credit Availability About to Expand?
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Lately on the blog, I’ve been examining the results of our latest quarterly survey of US bank risk managers. One item of note was regarding the outlook for credit availability. In a positive sign, our survey found that lenders expected the supply of credit to satisfy demand for all types... Continue reading
Posted Jul 31, 2012 at Banking Analytics Blog
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More Loans for Car Buyers with Damaged Credit
We just released results from our latest quarterly survey of bank risk managers. In the survey, we included a couple questions about subprime lending. While many respondents (44%) expected overall subprime lending in 2012 to remain flat compared to 2011, the consensus was that if any sector sees an increase... Continue reading
Posted Jul 10, 2012 at Banking Analytics Blog
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US housing: Where do we stand?
I had the opportunity to attend and present at a Pew Charitable Trust Symposium last week in Washington. It convened a group of experts from government, the private sector and academia to discuss the state of the US housing market, and what the federal government and industry might do to... Continue reading
Posted Jun 26, 2012 at Banking Analytics Blog
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Proposed FDIC Insurance Assessment Rule is an Industry Win
Kudos to the FDIC! As the financial services industry continues to deal with a wave of Dodd-Frank regulations, it is encouraging to see regulators working with industry to arrive at a better solution. The result is a newly proposed FDIC rule on deposit insurance assessment pricing among large banks. The... Continue reading
Posted Jun 8, 2012 at Banking Analytics Blog
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Making decisions based on current market behavior
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Test-and-learn cycles have taken on new importance since the financial crisis. In many markets today, there's been so much change that historical data is no longer sufficient for predicting customer behavior. The speed with which creditors can understand and adapt to how consumers are currently behaving in the market is... Continue reading
Posted Jun 1, 2012 at Banking Analytics Blog
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Strategic Defaults Not Going Away Anytime Soon
I’ve been blogging about results from our latest quarterly survey of US bank risk officers – specifically how they expect loan delinquencies to drop and credit availability to expand. Today, I’ll focus on survey results from the housing sector. Notably, nearly 2/3 of respondents think strategic defaults will be as... Continue reading
Posted Apr 11, 2012 at Banking Analytics Blog
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