What will it take for banks to trust artificial intelligence (AI) and machine learning (ML) with judgments about data accuracy and leverage it for commercial lending process automation?
This whitepaper, drawing on recent academic evidence and business insights, provides a contemporary look at what AI and ML adoption could mean for commercial lending and credit risk assessments while also proposing different approaches to AI and ML adoption tailored to each step of the commercial lending proces
This is a transcription of our interview with Matthias Coessens. You can watch the original video interview here or listen to the podcast episode here.
Welcome to our Interview with Matthias Coessens. Mathias is a Managing Director EMEA and Co founder at ElysianNxt.
ElysianNxt is the pioneer in real-time enterprise wide Risk and Finance software solutions. It enables Financial Institutions around the world to react faster and cheaper to the never ending regulatory demands with innovative softwar
Dear Global Risk Community member,
When it comes to managing the customer relationship, a powerful strategy is needed to effectively deal many different situations in order to retain business and improve customer loyalty.
One such situation is handling an over-limit transaction case. When this happens, many bank’s strategy is to blanket decline any over-limit transaction at the point of sale, even if their customer has a history of good payment behavior. This blanket treatment is often a poor
Dear Global Risk Community member,
With today’s economy impacting so many businesses and consumers, collection volume will increase exponentially in the future, making it difficult for organizations to reach the optimal point of operation for their business and portfolio. Strategies that are created from gut instinct will only work for a short amount of time before becoming sub-optimal due to changing conditions. In order to address this, it’s important to balance regulations, costs, demand, an
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Watch the Module 1 of our brand new course Mastering Credit Ratings: The Ultimate Guide to Becoming an expert (in 5 hours) which is available for a complimentary preview.
In this module we discuss the classification of rating systems, the architecture of internal rating systems including operating design and uses of internal risk grades.
To study the Module 1 of the course, just scroll down to the Curriculum section and click on the Preview button next to the Module 1 via the link below.
Ajay Kumar Jhingan, our member and International Speaker/Trainer in Corporate and Retail Banking, is preparing his new course in Global Risk Academy - the Course on Drafting of Loan Documentation (Basics). The idea came after many questions and requests from his students both in live trainings that he facilitates and in online course The Fundamentals of Credit analytics that he recently delivered for Global Risk Academy.
In this article he explains the importance of applying basic knowledge a
Ajay Kumar Jhingan, our member and International Speaker/Trainer in Corporate and Retail Banking, has just created a new course in Global Risk Academy - The Fundamentals of Credit analytics and we want to ask him more about his course and how it will benefit our members.
1. Why have you decided to develop this course?
I have served banking industry in India for almost three decades. Credit department remained as one of my foremost choices. The main consideration, among other things, sti
The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.
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