Credit Risk Management

Financial services regulation: Navigating the perfect storm

Posted on Dec 22 2014 by

To navigate the perfect storm of financial services and privacy regulation, we have a common challenge. Both lenders and Credit Reference Agencies (CRAs) need to explain effectively and consistently to both regulators and customers how they use personal data when making decisions about consumers.

The Mortgage Market review: Six months on…

Posted on Dec 18 2014 by

It’s now six months since the new lending rules came into force. So has the Mortgage Market Review (MMR) contributed to a more sustainable market that serves the needs of customers better or has it added confusion to an already complex choice?

Stress tests are here to stay, are you prepared?

Posted on Dec 18 2014 by

The BOE published the results of its first ever ‘concurrent’ stress testing exercise. The economic scenario applied in the stress test was severe.

Rental data: Expanding financial access and inclusion

Posted on Dec 15 2014 by

Despite new technologies and widespread innovation in financial services, there are still a lot of people who are ‘underserved’. Lenders and society alike could be missing out on a huge opportunity if this population continues to be overlooked.

Personal insolvencies fall to pre-recession levels but who is still vulnerable?

Posted on Dec 10 2014 by

New figures published by Experian, illustrating where and for whom UK personal insolvencies are most prevalent, reveal the number of people being declared insolvent has fallen to pre-recession levels, with some towns showing markedly improved rates compared to the same period last year. Despite these findings, the figures also highlight the vulnerability facing young families.

How do you make financial services relevant?

Posted on Dec 05 2014 by

Over the last 15 years, many industries have been disrupted by the flood of information that the internet brings – and those that have embraced it have become highly relevant to their customers.

2014 brought opportunities and challenges – what will 2015 bring?

Posted on Dec 04 2014 by

During 2014 we have seen a variety of trends in the credit industry from the threat of rising interest rates, rising house prices and ever increasing regulatory pressure. With so much going on, and so many factors and considerations to take into account 2014 has been a challenging yet hopeful year. There is so much to consider. And this is just a selection of the trends we’ve seen during 2014. It is also expected that some, if not all, will roll into 2015.

New markets = new risk?

Posted on Nov 28 2014 by

For newly formed companies, or for companies looking to expand their current product offerings, entering a new market can pose a risk. If you don’t have the ability to assess each applicant individually it can be difficult to set an appropriate strategy for taking on new customers. Without this, how would you know whether they would be the right customers that complement your current customer base, or aspirational customer base?

5 key take-aways from the 2014 Credit Risk Summit

Posted on Nov 28 2014 by

At the 2014 Credit Risk Summit, leading thinkers tackled the challenge of staying relevant to customers in the digital era. View our key take-aways report…

Despite 1.2 million current account switches within 12 months, the retail banking sector now faces further scrutiny

Posted on Nov 14 2014 by

It’s little over a year since the UK’s seven-day current account switch was launched. Despite 1.2 million savvy-consumers opting to take advantage and cash in on the banks’ lucrative opening deals, the Competitions and Markets Authority (CMA) has unveiled plans for a further inquiry into current account and small business banking markets. The CMA says it wants to further boost competition among High Street banks.1