Intelligent decisions
The right decisions can help to protect and enable people at different stages of their lives. And today, thanks to simultaneous advances in data, analytics and technology, we have the opportunity to...
How to cope with declining credit quality
The COVID-19 outbreak hit credit applications hard. From the point of the UK lockdown, we saw an initial huge fall in new business, alongside increasing risk among prospective and existing customers....
Protecting your portfolio as the pandemic plays out
With crashing consumer confidence, a period of enforced business closures and life as we know it very much changed, the coronavirus pandemic has created huge shifts in underlying borrowing...
How to address increasing demand in credit from SMEs
As of 24th May, the Bounce Back Loan Scheme (BBLS) lent £18.5bn to 608,069 small businesses as, up from £14.2bn by 17 May. In contrast, CBILS, which lends up to £5m, only lent £8.15bn since its...
Unlocking affordability – A pivotal tool on the road to…
Nobody was ready for the Coronavirus outbreak, or the pandemic that so quickly unfolded. Its impacts – personal, social and economic – have been, and will continue to be, huge and unprecedented....
How to ease pressure on collections
For collections teams, the coronavirus outbreak has created a paradox. How to deal simultaneously with escalating volumes, changing FCA guidelines and high customer expectations – all while...
Polarisation in credit applications
UK businesses have been hit hard by the impact of Covid-19. Many are no longer operating anywhere near to capacity following the lockdown. We also know from our own economic analysis, that more than...
Risk policies for the ‘New Normal’
UK businesses have been hit hard by the impact of Covid-19. From the point the UK was locked down, it was clear more than half of businesses only held enough cash reserves for a month. Some sectors...
Changing risk profiles across your portfolio
UK businesses have been hit hard by the impact of Covid-19. We also know from our own economic analysis, that more than half of small businesses hold only enough cash to survive for a few months....
The economic impact of Covid-19 on businesses and commercial lending…
It’s clear that the country is facing one of our most challenging economic times. Lockdown meant many businesses were unable to operate. Now as we return to normality and businesses begin to...
How big data is transforming the world – and your…
Data has become the single most important resource in our digital world with Antonio Neri, CEO, Hewlett Packard Enterprise (HPE) suggesting it should be treated like a natural resource – to ensure...
Risk in an open data world
In an ideal world, customers would be granted credit only if they can afford to repay in a sustainable manner and without harming their overall financial situation. In practice, this can never be...