DUBLIN, Ireland--(BUSINESS WIRE)--July 18, 2008--Research and Markets (http://www.researchandmarkets.com/research/95b18b/the_credit_scoring) has announced the addition of the "The Credit Scoring Toolkit: Theory and Practice for Retail Credit Risk Management and Decision Automation" report to their offering.
An up-to-date, comprehensive overview of credit scoring, covering the scorecard development process, all aspects of its use and how it affects businesses and consumers, from micro-lending through to large unlisted companies.
The Credit Scoring Toolkit provides an all-encompassing view of the use of statistical models to assess retail credit risk and provide automated decisions.
In eight modules, the book provides frameworks for both theory and practice. It first explores the economic justification and history of Credit Scoring, risk linkages and decision science, statistical and mathematical tools, the assessment of business enterprises, and regulatory issues ranging from data privacy to Basel II. It then provides a practical how-to-guide for scorecard development, including data collection, scorecard implementation, and use within the credit risk management cycle.
From the Author
If youâve written the thing, of course youâre going to brag. This work took four years, and involved thousands of hours reading and research, to provide a view of the topic from practically every possible angle: statistics, economics, finance, law, history, and so on. And even though I already had several years experience in the field, its creation took me on a journey of learning.
Although written by a practitioner, the book is extremely well referenced and suited for academic environments (the bibliography and glossary are 15 and 40 pages long, respectively). It takes a non-geocentric approach, and strives present broad principles instead of focussing upon the situation in any one country. Even so, it is most relevant to the UK and USA environments, for which the most information is available.
Comments received from colleagues have thus far have included "awesome," "art," and "bible," as I really tried to draw upon my writing abilities to create something that "is in a totally different league" to other works. If you have any interest in retail credit, whether as a bank, retailer, or service provider, I am sure you will find this book of value.
Key Topics Covered:
- Credit scoring and the business
- Credit micro-histories
- The mechanics of credit scoring
- The theory of risk
- Decision science
- Assessing enterprise risk
- Predictive statistics 101
- Measures of separation/divergence
- Odds and ends
- Minds and machines
- Data considerations and design
- Data sources
- Scoring structure
- Information sharing
- Data preparation
- Characteristic selection
- Reject inference
- Scorecard calibration
- Development management issues
- Overrides, referrals, and controls
- Application processing
- Account management
- Collections and recoveries
- Regulatory concepts
- Data privacy and protection
- Fair lending
- Capital adequacy
- Know Your customer (KYC)
- National differences
For more information visit http://www.researchandmarkets.com/research/95b18b/the_credit_scoring
Source: Oxford University Press
Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFax (USA): 646-607-1907Fax (International): +353-1-481-1716
State Keywords: Industry Keywords: Professional Services; FinanceSource: Research and Markets Ltd.