Data, analytics, and credit risk decisioning have always been important in financial services. Their role has become even more essential amidst the economic uncertainty of the post-pandemic environment.
Many financial institutions are undergoing major credit risk transformations to uplift their credit risk modeling and decisioning capabilities. But navigating this change is not easy.
Gathered the insights from 300+ credit risk executives and practitioners among the financial institutions around the world, this whitepaper summarizes the obstacles they are facing and key areas they are focusing on :
• What banks are really trying to achieve
• What capabilities they are prioritizing
• How they choose key success criteria
• What the future looks like
