Our news and views relating to Data Analytics, Big Data, Machine Learning, and the world of Credit.
If you haven’t yet heard, we’re in the chatbot game! We’ve recently announced our partnership with Atura and we’re very excited to bring the Atura chatbot into the credit and collections world.
With LinkedIn usage growing by two new members every second, you simply can’t afford to not be on the platform. Founded in 2003, LinkedIn has 590 million users with 260 million of those active every month.
The EQ Behind the IQ - Jaco Rossouw from PrincipaDecisions
Cape Town, South Africa, 20 February 2019 – Principa Decisions, a South African data analytics and software company, and Atura, a software company specialising in instant messaging technology, have announced a partnership that offers the South African credit and collections industry a solution to support originations, customer management and collections via virtual agent chatbots on mobile and desktop devices.
It is expected that IFRS9 adoption should lead to an increase in provisions (initially a balance sheet / retained earnings adjustment only with commentary on retrospective impacts). Typically, the increase is mostly a result of loss provisions for all accounts (regardless of a loss event) and the extension of the loss period from a typical 12 months to lifetime (e.g. for structured loans the remaining term of the loan plus time to default/write-off plus the recoveries window).