A scorecard from SAS helps a large non-profit microloan provider in the US, Accion Texas-Louisiana, speed loans to small business owners who don’t qualify for traditional loans. With SAS Desktop Data Mining for Midsize Business, Accion has also reduced the delinquency rate by 76% and loan restructuring rate by 64%.
SAS helped Accion create a scorecard that halved the number of loan applications requiring underwriter review – the remainder are automatically approved or denied. Also, loan officers can now prepare an application in only 30 minutes compared to four hours, and loan approval times have plunged from two weeks to three days.
“The scorecard gives us the information needed to manage risk, increase our efficiency and provide faster turnaround times for our customers,” said Janie Barrera, Accion Texas-Louisiana president and chief executive officer (CEO).
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more