Harvard Business Review

SEPTEMBER 16, 2014

Today, community banks are being consolidated and larger banks are relying more and more on data-driven credit scoring to make small business loans—if they are making them at all. My recent Harvard Business School Working Paper on small business credit explores new technology-driven entrants in the world of small business lending.

Credit Scoring 14

Credit Scoring Banking Dunning Metrics 14

Harvard Business Review

AUGUST 11, 2014

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. Neither sales nor employment have fully recovered, and credit seems harder to come by. Finance Small/medium business Technology'

Technology 12

Technology Banking Class Real Estate 12

Harvard Business Review

OCTOBER 21, 2013

Some innovative companies are connecting data traditionally used by banks to assess the credit score of loan applicants with information ranging from mobile phone usage data to online social media relations data, in order to better and faster assess the creditworthiness of a micro-loan applicant.

Credit Scoring 14

Credit Scoring Diversity Retail Media 14

Harvard Business Review

APRIL 26, 2017

banks are going to survive the coming wave in financial technology (fintech), they’ll need to finally take digital transformation seriously. Small businesses are starting to demand banking services that have engaging web and mobile user experiences, on par with the technologies they use in their personal lives.

Banking 15

Banking Credit Scoring Stage-Gate Competitive Advantage 15

Harvard Business Review

SEPTEMBER 16, 2014

Today, community banks are being consolidated and larger banks are relying more and more on data-driven credit scoring to make small business loans—if they are making them at all. However, all these online models depend on developing accurate new predictive models of credit assessment, often using new sources of data.

Credit Scoring 8

Credit Scoring Banking Dunning Metrics 8

Harvard Business Review

SEPTEMBER 22, 2014

For example, developing a credit scoring model using data of past defaults and then testing the model on that same data is an exercise in circularity: you’re predicting what you’ve explained already. Decision making Information & technology' So make sure that your analysts apply the model to fresh data in new contexts.

Credit Scoring 14

Credit Scoring Price Market Segmentation How To 14

Harvard Business Review

DECEMBER 6, 2017

Therefore, in order for new identity verification approaches to be widely adopted by government and business, they will need to leverage multiple layers of currently available information and technologies to help individuals prove identity to a prospective employer, creditor, educational institution, etc. Insight Center. Sponsored by Varonis.

Crisis 12

Crisis Insurance Technology Credit Scoring 12

Harvard Business Review

AUGUST 28, 2014

Prospective borrowers are evaluated based not just on credit score, but also factors like debt-to-income ratio, and what the borrower plans to spend the loan on. Finance Small/medium business Technology' Lending Club matches lenders and borrowers, and charges both for the service.

IPO 9

IPO Due Diligence Credit Scoring Banking 9

Harvard Business Review

NOVEMBER 8, 2012

A wealth of database information has been lying dormant in companies for years — only now we have the technology to understand it. In this case, they can produce a more thorough picture of an individual's credit score than the industry standard, and the result is lower cost credit to a larger number of people.

Credit Risk 11

Credit Risk Credit Scoring Retail Technology 11

Harvard Business Review

SEPTEMBER 21, 2012

For insurers, transforming these data into their most usable form may require the creation of new composite variables or scores from the existing data — something like a driving risk score that gives weight to telematics data, geography, and credit score.

Insurance 15

Insurance Team Credit Scoring Retail 15

Harvard Business Review

FEBRUARY 19, 2018

What these stories underscore is that our digital evolution and our productive use of new technologies rests on how well we can build digital trust. the ride-sharing company, the social media platform, and the digital payments technology) of trust. Technology providers must work harder to win and retain user trust.

Survey 10

Survey Environment Technology Comparison 10

Harvard Business Review

MARCH 26, 2015

CROs are deeply familiar with the troves of risk data, such as payment habits and internal credit scores, that their companies keep. The risk team helped run the numbers to ensure the client met the right credit threshold, then marketing prepared the package and the reps went to work. Cross-pollinate your talent.

Credit Scoring 8

Credit Scoring Risk Management Finance Marketing 8

Harvard Business Review

MAY 17, 2017

Much has been made of the potential for blockchain technologies to open up new vistas for business and society. But is there a way for this revolutionary technology to empower the rich and poor alike? How Blockchain Works Here are five basic principles underlying the technology. Distributed Database.

Marketing 8

Marketing Technology Banking Efficiency 8

Harvard Business Review

AUGUST 10, 2018

Those analyses rely on publicly available data sources, but software providers have accumulated growing amounts of private data on almost every aspect of their customers’ technology, operations, people, and strategies. It is even possible to hold up the data mirror to individual technology users.

Benchmarking 8

Benchmarking Software B2B Comparison 8

Harvard Business Review

MAY 8, 2018

This won’t take doctors out of the loop entirely, but it will create new opportunities and new dangers as the technology evolves and becomes more powerful. Food and Drug Administration’s pilot “Pre-cert” program, which is directed at finding new ways to evaluate technologies like machine learning, is one such example.

Health Care 8

Health Care Credit Scoring Learning-by-Doing Constraint 8

Harvard Business Review

DECEMBER 9, 2016

This bias shows up in numerous aspects of our lives, including algorithms used for electronic discovery, teacher evaluations, car insurance, credit score rankings, and university admissions. Harnessing the power of machine learning and other technologies. Insight Center. The Next Analytics Age. Sponsored by SAS.

Credit Scoring 8

Credit Scoring Software Review Efficiency 8

Harvard Business Review

SEPTEMBER 22, 2017

In other words, if you have ever borrowed money or been extended credit, then Equifax (along with Transunion and Experian, the other bureaus) was probably given your most sensitive personal information by a third party — information such as your date of birth, Social Security number, financial details, and credit score.

Information 8

Information Company Class Credit Scoring 8

Harvard Business Review

FEBRUARY 20, 2015

Let the customers know what their scores are, and train employees on how to use the rating system. Is there a technological fix as well? Frei: Of course there will be a score aggregator at some point. You need a management system, or it becomes a way of punishing people. You need a management system on top of it.

Hotels 8

Hotels System Credit Scoring Sample 8

The Horizons Tracker

NOVEMBER 14, 2023

The attractiveness of an individual’s loan request to potential investors typically hinges on factors such as a favorable credit score and a reasonable loan proposal. Ideological lending This intriguing question formed the basis of a study by the Georgia Institute of Technology.

Politics 114

Politics Credit Scoring Banking Proposal 114

Harvard Business Review

NOVEMBER 6, 2018

According to China scholar Adam Segal’s analysis , the Chinese President Xi Jinping “aims to build an ‘impregnable’ cyber-defense system, give itself a greater voice in Internet governance, foster more world-class companies, and lead the globe in advanced technologies.” billion citizens.

Airlines 14

Airlines Technology Objective Policies 14