Are We Really at Full Employment?

The idiomatic phrase that enters in so often in economic discussions is that we are at full employment because the unemployment rate is low. While it’s true that we are at an unemployment rate that is the lowest that we’ve been in a very long time, I don’t think this statistic tells the whole story. [Read More…]

Just How Big is the Market for Premium Credit Cards?

Credit card lending is still on fire. There have never been so many consumer choices for premium cards. They have exclusive names like The Royal Card, the Lux Card or the Chairman’s Circle Card.  Let’s look at just how big the consumer market is for premium credit cards – and explore new options to reach [Read More…]

Credit Through the Ages: How Technology is Revolutionizing the Way We Assess Consumer Financial Behavior

  Today, we’re seeing exploding volumes of data and staggering advances in analytics and technology. Financial institutions now have limitless opportunities to assess and predict consumer financial behavior. They’re using technology to inform credit decisioning, acquisition and account management strategies. View Infographic Join Equifax  and Visual Capitalist  as we journey through time and explore the [Read More…]

Credit through the Ages: Where it all Began

Exploding volumes of data and staggering advances in analytics and technology provide financial institutions with limitless opportunities to assess and predict consumer financial behavior. This insight is then used to inform credit decisioning, acquisition and account management strategies. But where did it all begin? Just where did the concept of credit get its start? View [Read More…]

Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards?

In our changing retail landscape, many stores are closing and retail chains head into bankruptcy. Consumers who owe money on their private label credit card may wonder what it means when their local store disappears or the retail chain liquidates. Some consumers could decide not to pay their debt, either thinking “why should I pay?” [Read More…]

SPOTLIGHT: Neural Networks for Next Level Performance

Data Scientists: Do you love the new machine learning techniques but still can’t wrap your head around how to explain your results? Have you been wondering how to use the latest machine learning techniques to generate better scores and increase the profitability for your organization? There is now a way to do this, while still [Read More…]

Can a new machine-learning technology transform credit assessment?

Data experts are excited about its potential Algorithms. Logistic regression. Both tried and true analytical methods. Yet, as much as these technologies have transformed key business processes such as lending, risk and credit assessment, new developments are getting the data scientists of the world really excited, and for good reason. Think: neural networks. It’s the [Read More…]

New Tax Cuts: Immediate Impact to Credit Expected?

As economists, we study the historical impacts of natural disasters, changes in government policy or actions by central banks so that we can make an educated ‘guess’ as to how the economy might respond to similar situations in the future. The new change in federal tax law is one such example. As part of our [Read More…]

3 Ways “Good Enough” Analytics May Be Hurting Your Financial Services Organization

Most financial services organizations already have adopted data and advanced analytics strategies. They typically use data to identify potential customers, segment customers using existing data sets, and implement retention programs. But alternative financial institutions, including online competitors, are turning up the pressure on the rest of the industry. In the face of competition from these [Read More…]

Early Payment Performance: Changing standards?

Assessing early payment performance on recent vintages for key tradelines provides a good barometer for lending conditions in the current economic climate. Segmenting and analyzing tradelines by origination quarter (vintage) helps lenders better understand portfolio performance in historical context. Examining the portfolio in this manner helps identify trends and uncover potential reasons for changes in [Read More…]