To view Naeem Siddiqi's updated Powerpoint file from this audio seminar, please click here.
Learning Objectives
- Understand the key drivers behind developing internal credit risk scorecards
- Learn how to determine the ROI of internal development
- Understand how to manage the risks of internal scorecard development
- Examine the key challenges and obstacles to internal development
- Learn the expected benefits of internal scorecard development
Program content
In the past, financial institutions acquired credit risk scorecards from a handful of credit risk vendors. This involved the financial institution providing their data to the vendors, and the vendors then developing a predictive scorecard for delivery. While some advanced companies have had internal modeling and scorecard development functions for a long time, the trend toward developing scorecards in-house has become far more widespread in the last few years. Experience has shown that in-house credit risk scorecards an be developed faster, cheaper and with far more flexibility than before. The main reasons behind the move towards internal scorecard development are as follows:
- Application software became readily available allowing users to develop scorecards without investing heavily in advanced programmers and infrastructure
- Advances in intelligent and easy to access data storage have removed much of the burden of gathering the required data and putting it into a form which is amenable to analysis
- Companies realized that their superior knowledge of internal data and business insights led them to develop better performing scorecards
- Internal scorecard development increased the knowledge base within organizations
This webcast will discuss the above reasons as well as provide some guidance on how these reasons can generate significant ROI for companies choosing to develop their scorecards inhouse.
Participant level of understanding
This program is intended for participants with a basic or intermediate level of understanding on the topic.
Who Should Attend?
Executives, Directors, Managers and Analysts who want a better understanding of how the use of business intelligence, data warehousing and analytic applications can contribute to a company's success.
About Naeem Siddiqi
Naeem has 14 years experience in credit risk management, both as a consultant and as a risk manager at financial institutions. As a risk manager, Naeem has developed account acquisition and account management strategies for various retail credit products such as credit cards, lines of credit, loans and mortgages.
As a risk management consultant, Naeem has developed credit risk scorecards for clients, and designed and implemented application processing systems as well as automated reporting tools. In addition to consultancy work, Naeem also has extensive experience in sales and pre-sales for credit risk management products.
At SAS, Naeem has played a key role in the development of SAS Credit Scoring, and continues to provide worldwide support for this initiative. His responsibilities range from pre-sales support to consultancy for various projects. Naeem is the author of a book on the development and implementation of credit risk scorecards (Credit Risk Scorecards : Developing and Implementing Intelligent Credit Scoring, Wiley and Sons, New York, 2005), and is a frequent speaker at credit risk events.
Naeem has an Honours Bachelor of Engineering from Imperial College of Science, Technology and Medicine at the University of London, and an MBA from York University in Toronto.
