Our news and views relating to Data Analytics, Big Data, Machine Learning, and the world of Credit.
Bringing automation into the credit assessment process through credit scoring brings about significant benefits. Some of these benefits include:
Innovative companies know they must embrace digital transformation in their business to stay competitive in the world of the fourth industrial revolution. But legacy systems often get in the way of transformation. In this blog, we look at why companies are reluctant to move away from their legacy systems and how to know when it really is time to modernise.
This blog was originally published on 13 March 2019 and updated on 3 April 2019.
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).
In our third roundup of 2018, we list the most popular blogs from our Credit Risk Management topic. Our credit risk blogs have mainly revolved around IFRS 9 and legislation changes this year, and have aimed to provide expert advice and insights into the current landscape.