Cognitive technology has the power to enhance the efficiency and accuracy of credit risk management practices, but views on implementation remain mixed. As these new technologies become more established, organisations that embrace them can become more agile and competitive.
Financial institutions are increasingly interested in learning about the ways cognitive technology can enhance risk management practices in areas such as credit. By leveraging machine learning and semantic understanding of unstructured data, cognitive technology can increase data and process efficiencies across an organisation and enhance predictive accuracy.
In relation to credit specifically, this white paper aims to strengthen a bank’s overall credit risk management strategy. It explores how organisations can use cognitive techniques to become more agile competitors in an increasingly demanding credit landscape.