Credit Risk Management

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New markets = new risk?...

For newly formed companies, or for companies looking to expand their current product offerings, entering a new market can pose a risk. If you don’t have the ability to assess each applicant individually it can be difficult to set an appropriate strategy for taking on new customers. Without this,...

Read More New markets = new risk?
5 key take-aways from the 2014 Credit Risk Summit...

At the 2014 Credit Risk Summit, leading thinkers tackled the challenge of staying relevant to customers in the digital era. View our key take-aways...

Read More 5 key take-aways from the 2014 Credit Risk Summit
Despite 1.2 million current account switches within 12...

It’s little over a year since the UK’s seven-day current account switch was launched. Despite 1.2 million savvy-consumers opting to take advantage and cash in on the banks’ lucrative opening deals, the Competitions and Markets Authority (CMA) has unveiled plans for a further inquiry into current account and small...

Read More Despite 1.2 million current account switches within 12 months, the retail banking sector now faces further scrutiny
Back office legacy challenges facing new banking entra...

Setting up a bank in the UK is costly, time-consuming, heavily regulated and not easy.  As a result, the dynamic, start-up culture that drives innovation in many other sectors is less prevalent within banking and financial services. My article outlines some of the key challenges facing new banking entrants....

Read More Back office legacy challenges facing new banking entrants
Taking on the consumer affordability challenge...

The world of lending to individuals is not what it used to be. Once a key element in creating growth, it now faces a battle on various levels from three different stakeholders - the regulators, struggling borrowers and the media. The common theme is...

Read More Taking on the consumer affordability challenge
7 day account switching – from both sides of the fence...

I recently decided to take a well-known bank up on their offer of a current account with an attractive set of perks – and so I began the much publicised 7 day account switching journey. As someone with a little knowledge of the payments industry I studied the process...

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Turn risk into reward by predicting your customersR...

When customers move house, they are far more likely to change credit provider at their new address, or even leave their old balances unpaid. To convert these risks into business opportunities, lenders need to anticipate customer address changes in advance and target customers with personalised, compelling offers that help...

Read More Turn risk into reward by predicting your customers’ home moves
Build the fairest, most effective debt collections str...

As the number of consumers struggling with debt continues to grow, institutions need collections strategies that treat customers fairly, deliver the best business outcomes and minimise operational costs....

Read More Build the fairest, most effective debt collections strategy
Are regulators now set to turn their attention to anti...

Critical success of AML and KYC initiatives have to be underpinned by a combination of vigilance and...

Read More Are regulators now set to turn their attention to anti-money laundering?