Financial Services
Credit Risk: Assess Probability of Default (PD) with an Application Scorecard
These days, there are a lot of factors that impact risk management: rapidly changing environments, new regulations, and groundbreaking technologies.
Businesses require faster, more robust systems when dealing with a higher volume of calculations. For instance, businesses require daily credit risk frameworks and what-if scenario testing, where traditionally they were only monitored monthly.
So in a fast-paced environment, how do you ensure your business is making the right financial decisions?
Let’s consider application scorecards as a typical challenge in credit risk modeling, and the practical steps necessary for success.