News Item
29.05.2009
Creditinfo Predictor (CIP) Provides the Full Picture for Icelandic Consumer Lending
Creditinfo Decision and Creditinfo Island have launched the first consumer credit bureau scorecard in Iceland, CIP Einstaklingar. The CIP is a summary of a vast source of predictive data delivering a fuller picture to retail lenders.
Delivering enhanced decision making for retail lenders
In a period when retail lenders are more cautious than ever in their risk raking it is important to use all information available to maximise the effectiveness of the decision process. Creditinfo Island are central to lending in the country, as a result they have available the information of the credit activity of individuals this is the core information that provides the strength of CIP Einstaklingar.
Credit scoring is a proven technology widely used across the globe, Creditinfo Decision are international experts in this fields. They have brought their expertise to work on the rich data source of Creditinfo Island. The scorecard is summarised in a number of risk grades, which have an direct relationship to the likelihood of an individual having bad debts in the next 12 months.
Forward Looking due to Macro Economic Predictions
The economic crisis in Iceland has been widely documented, this brings a challenge to scorecards which depends on the concept that the past represents the future. Creditinfo have addressed this challenge by adjusting the model with macroeconomic models. Using the central bank (Sedlibanki) expectations for changes in key factors such as unemployment and Gross National Product Growth (GDP) the base scorecard output is regularly adjusted to the future changes in overall default rates.
Creditinfo Predictor (CIP), the international standard for risk models
The CIP Einstaklingar is the newest addition to a suite of risk models that are available across Europe. The Creditinfo Predictor is already a trusted brand in Iceland due to the business model which has become the most used risk score in Iceland and has become central to the ledning to such companies as Vodafone and Olis.
For more details contact:
decisioninfo@creditinfo.com
About Creditinfo Decision
Creditinfo Decision is a risk management consulting firm that specialises in the development of risk models. We are the trusted advisor to the major financial organisations and our credit bureau partners in emerging and small credit economies.
Our aim is to improve the risk management infrastructure of our clients with a strong focus on the strategic objectives of the organisation. Through our solutions and advice we have already made substantial improvements to the performance of organisations and continue to have a passion for innovation.
To do this our people are dedicated and operate in a framework which provides them scope to grow and face diverse challenges on a daily basis. Within this framework we have many years of expertise and a deep source of knowledge.
Go backIn a period when retail lenders are more cautious than ever in their risk raking it is important to use all information available to maximise the effectiveness of the decision process. Creditinfo Island are central to lending in the country, as a result they have available the information of the credit activity of individuals this is the core information that provides the strength of CIP Einstaklingar.
Credit scoring is a proven technology widely used across the globe, Creditinfo Decision are international experts in this fields. They have brought their expertise to work on the rich data source of Creditinfo Island. The scorecard is summarised in a number of risk grades, which have an direct relationship to the likelihood of an individual having bad debts in the next 12 months.
Forward Looking due to Macro Economic Predictions
The economic crisis in Iceland has been widely documented, this brings a challenge to scorecards which depends on the concept that the past represents the future. Creditinfo have addressed this challenge by adjusting the model with macroeconomic models. Using the central bank (Sedlibanki) expectations for changes in key factors such as unemployment and Gross National Product Growth (GDP) the base scorecard output is regularly adjusted to the future changes in overall default rates.
Creditinfo Predictor (CIP), the international standard for risk models
The CIP Einstaklingar is the newest addition to a suite of risk models that are available across Europe. The Creditinfo Predictor is already a trusted brand in Iceland due to the business model which has become the most used risk score in Iceland and has become central to the ledning to such companies as Vodafone and Olis.
For more details contact:
decisioninfo@creditinfo.com
About Creditinfo Decision
Creditinfo Decision is a risk management consulting firm that specialises in the development of risk models. We are the trusted advisor to the major financial organisations and our credit bureau partners in emerging and small credit economies.
Our aim is to improve the risk management infrastructure of our clients with a strong focus on the strategic objectives of the organisation. Through our solutions and advice we have already made substantial improvements to the performance of organisations and continue to have a passion for innovation.
To do this our people are dedicated and operate in a framework which provides them scope to grow and face diverse challenges on a daily basis. Within this framework we have many years of expertise and a deep source of knowledge.