FICO European Risk Survey Shows a Rocky Road Ahead

Posted by Joachim Bartels | Jul 27, 2012 | Consumer Credit Reporting, European Union, FICO (Fair Isaac) | 0 |

FICO’s latest survey of European credit risk managers with Efma indicates that credit demand and supply will be reduced in almost all markets. A startling 88% of respondents say that more small businesses will turn to alternative sources to fund capital, and the same percentage say that more consumers will turn to micro-lending for their borrowing needs. This may not pose a problem right now, but when the economy gets back on track some segment of the borrowing market will have been trained on how to find money without going to the banks.

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Source: FICO Bankinganalyticsblog

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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.

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