Are Financials history?
At Co-pilot, we talk about the Three Pillars of Credit Risk Management:
There will still be a place for Financials, but it is “Big data crunching” and Machine Learning that represent the future of credit risk management. Internal and external data can be harnessed to give you significantly deeper risk and customer insight. We have a range of data sources, tools and techniques available. These often do specific jobs. Our strategy is to continue to build this range.
e-commerce requires instant credit and fraud decisioning. We can provide you with powerful tools for ID Verification, KYC, AML and PEPs monitoring. They use transaction and behaviour monitoring better to identify fraud, but also to help you spot and understand your good customers quicker so that you grow revenue with them.
Your credit team is at the pinnacle of the Three Pillars. Agile Credit Management enables them to perform at their top level – equipped with the information, analysis and early warnings they need to focus on customer investigations/discussions and stakeholder briefings.
“There has to be a better way of managing credit risk”
We have heard these words several times in recent months – reliance upon credit reports is no longer enough for many companies.
Let's have a chat - call Simon Marshall on +44 20 7813 2182
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