Our news and views relating to Data Analytics, Big Data, Machine Learning, and the world of Credit.
The International Accounting Standards Board published IFRS9 Financial Instruments in July 2014, a framework that introduces a number of new principles into bad debt provisioning that would require lenders to change the provisioning methodology and possibly some business practices in order to remain compliant.
Credit companies are facing an increasingly volatile global financial climate. A person has to look no further than the impact the unexpected Brexit results have had on the global market. And if that’s not enough, the highly accelerated pace of technological development means that companies need to always be prepared to update their processes and methodologies to accommodate ever-changing client needs and to mitigate risk.