Big data had a big year in 2016. Several key trends emerged, some in line with predictions made at the beginning of the year and some unexpected developments.
The ability to collect data and parse through it on mobile devices gives banks the power to make smarter decisions faster.
What does the future of financial technology hold?
Let’s take a look at some do’s and don’ts that financial lenders need to keep in mind during their risk-based pricing activities.
Banks that take advantage of data analytics become armed with crucial information that helps them make more efficient, effective decisions.
Why do banks need to consider risk-based pricing solutions in this new age of data analytics?
Risk management is a huge component to financial lending, which is why it is rather paradoxical that so many companies choose to use spreadsheets as a financial modeling tool to manage risk-based pricing.
The Edgewater Funds and Implement Holdings Invest in Brilliance Financial Technology to Fuel Global Expansion
Brilliance Financial Technology today announced a majority investment by Implement Holdings, an investment company focused on financial technology and services companies that serve the front, middle and back office.
Brilliance Financial Technology was recently recognized by CFO Tech Outlook as a Top 10 finance technology solution provider for 2016.
While there is continued reticence toward utilizing analytics during loan pricing negotiations, a data analytics strategy could be just the thing necessary to price loans consistently and accurately.