Our news and views relating to Data Analytics, Big Data, Machine Learning, and the world of Credit.
As a debt collection professional, there’s no doubt that you occasionally feel like you are out in the trenches. The nature of the industry is ever changing, as are the laws and regulations. And you need to stay on top of new technology and trends.
Whilst the journey to International Financial Reporting Standard 9 (IFRS 9) compliance has come at quite a cost to many credit-granting businesses, many are using the in-depth analytical exercise as an opportunity to make more informed decisions in their business.
Business Rules Management Systems (BRMS's) are the Swiss-army knives of business software. Despite this, very few companies we work with are getting the most out of their decision engines. In this blog, we explore how BRMSs are used across the customer lifecycle.
Does Proof of Income (POI) enable creditors to lend more responsibly? Or does it reduce the access to credit for many South Africans? Last week a controversial court ruling was passed effectively eliminating the requirement for proof of income documentation on credit applications in South Africa. In this blog, I take a look at how the initial POI regulation impacted consumers and the credit world, why and how the changes came about and what these new changes will mean to South-Africans.
As 2017 draws to a close, we reflect back on the year of credit. Some of the key themes that featured this year for us included: