Credit is integral to domestic and international economies. It greases the wheels of business, stimulating investment and pushing innovation forward. And because it is at the core of economic activity, it was shaken hard by the financial crisis: in fact, the tremors are still evident.
A myriad of regulation aimed at preventing something similar happening again has radically altered how banks lend, and it will continue to do so for some time. Meanwhile, strong macroeconomic forces and competitive pressures continue to drive changes across the credit landscape.
In this report we explore how credit and analytics are shifting to address today’s regulatory and business challenges. It further explores why finance departments must embrace risk awareness and offers practical advice for FIs on how best to adapt their people, processes and technology to achieve it.
This report is in association with Chartis Research.