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.

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