Credit Scoring for Risk-Based Pricing

The use of credit scoring and the variety of scoring have increased significantly in recent years owing to better access to a wider variety of data, increased computing power and greater demand for improvements in efficiency. Credit scoring has evolved from traditional decision making of accepting or rejecting an application for credit to inclusion of other facets of the credit process such as the pricing of financial services to reflect the risk profile of the consumer or business and the setting of credit limits.
This training course will explore the application of credit scoring and the effective practices for data management, analysis and modeling. Attendees will have the opportunity to learn about how to identify and address the potential challenges, pitfalls and risks in the use of credit scoring for risk-based pricing.
The training will cover:
•           Key elements of credit scoring
•           Difference types of data used in credit scoring
•           Different methods and tools used for credit scoring
•           Regulatory requirements around consumer data
•           Opportunities, challenges and risks in credit scoring
•           Integrating CRB data with internal scores
Who should attend?
Credit Managers, Credit Analysts, Business Analysts, Credit Officers, Product Development Managers, Finance Managers, Audit Managers in lending institutions.

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