Author | Jim Kasch

The more I talk about AI-driven underwriting, the more questions I entertain from credit union leaders. …


Author | Jim Kasch

Credit union leaders, so by virtue, credit unions themselves, are conservative by nature. We prefer to measure three times and cut once. We tend to be slow in adopting cutting edge technology, though we frequently hide behind sticker shock. …


As COVID eases out in light of vaccinations, the societal and economic impact rages worldwide. Customer behavior has changed permanently and risk leaders are grappling with the implications for existing credit models. Since COVID was a unique black swan event, current credit models are often not as predictive as expected…


Author: Scienaptic Research

The Covid-19 pandemic and subsequent lockdowns brought dramatic changes to the global economy. The World Bank predicted that the global economy would contract by up to 5 % while the global per capita income could see a historic contraction, the largest since 1870s. The financial sector, most…


Author | Scienaptic Research

While demand for credit will probably grow, new challenges have emerged for lenders. As job losses and salary cuts grow, delinquencies have been mounting. Therefore, wary traditional lenders are tightening lending norms while restricting or suspending loans to certain categories of borrowers as a knee jerk…


by Scienaptic Research

Auto loans, especially those for used vehicles, make up a significant portion of the portfolio for credit unions — around 35% to 45% of their total portfolio on an average. They account for less than 5% of bank loans. …


Scienaptic Reasearch

As part of the credit underwriting process, lenders usually verify borrowers’ income and employment status to ensure that they can repay the loan. However, the COVID-19 pandemic has forced thousands of people out of jobs naturally leading to rapid shifts in employment data.

What is noteworthy is that…


Author: Eric Steinhoff, Rakesh Lavi

The impact of COVID-19 on the US and world economies has been deep and far-reaching, with economic and financial markets experiencing a historic crunch. Although most governments have announced countermeasures and relief packages, we must be ready for a continued downslide in the coming months.


Is it possible to originate safely in this environment?

Author | Eric Steinhoff

“If you’re not growing, you’re dying” — we’ve all heard a version of this quote, and it surely didn’t come about as part of a discussion about a credit portfolio. …


Author: Scienaptic Research

Many economists and researchers were warning us about the next recession to hit us by the mid-2020s. And right when we started experiencing an economic slowdown, we are trapped by the novel coronavirus (COVID-19). The businesses were not prepared for the ripples caused by the effects of…

Scienaptic

AI driven platform for sharpening your credit decisions

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