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Tuesday, April 9, 2013

3:50 PM - 4:35 PM
Track: Regulation and Risk (Sponsored by: Ernst & Young ) View Track

USING ALTERNATIVE DATA TO INFORM RISK AND MARKETING DECISIONING

George Shand, Credit Card Industry Director, Scores and Analytics, FICO

Assessing risk profiles is crucial in creating financial products for thin-file and/or the underbanked.  But with little to no credit history or traditional means of assessing credit risk, informed decisions become challenging.  However, the use and evaluation of alternative data and analysis can help with decision-making and ultimately open up opportunities for issuers looking to grow their businesses among this potential customer base.  In this presentation, you'll hear about:

  • The need for consistency across organizations to facilitate compliance, not only domestically but international compliance and Basel III implications
  • Issues around ability to pay and the use of income in decisioning; research in income estimation and use of income/asset information in decision making
  • Portfolio growth and identifying best acquisition targets; propensity and time-to-event modeling and concepts around simulation and digital marketing

 

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