Credit Risk Management: Emerging Shift from Risk Assessment to Managing Profitable Growth

Posted by Joachim Bartels | Dec 21, 2011 | Credit Management, Credit Scoring & Decision System, FICO (Fair Isaac), United States | 0 |

FICO has recently summarized its findings concerning trends in credit risk management. For FICO one takeaway was clear from this year’s discussion – and it echoes what was heard at FICO World last month in New York. Risk managers are waking up to the realization that they now have a responsibility to drive – or at least enable – profitable growth.

A power shift is occurring, with risk management and CROs gaining new importance. This was necessary because in the years before the recession, risk management’s voice was often ignored. Now, their job isn’t “When can we say no?” it’s “How can we say yes?”

Source: FICO Bankinganalyticsblog

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.