There is a evolution happening in the credit industry inspired by marketplace lenders and entrepreneurial companies looking to deliver a more frictionless customer experience. These companies are accessing creative new data-sources to decision, price and close a loan while relying on predictive analytics to better understand risk and profitability requiring less detailed information from the applicant. The result is a frictionless experience that can now happen on a smart phone. The most successful lenders will be the companies who can not only deliver a great consumer experience, but who can also effectively manage the risk and profitability of their lending portfolios. As with most technology inspired change, the winners will be a combination of disruptors and traditional lenders who are able to adopt the emerging technology.
Modelshop is uniquely suited to drive the decisioning for frictionless real-time credit and lending. Modelshop can handle the complex and analytically robust requirements of credit decisioning and can easily leverage non-traditional data sources in analyzing applications in real-time. Modelshop breaks down the barriers between predictive analytics and real-time credit decisioning so that new models and strategies can be developed, analytically tested and deployed as quickly as the business demands. This agility can enable credit organizations be more agile, more competitive and more profitable while helping deliver an incredible consumer experience. Watch a demo