Credit risk management models for the new normal

In our last article, we highlighted the economic effects of the ongoing COVID-19 pandemic, the oil price shock and how both factors have heavily contributed to Nigeria’s looming recession. The virus’s global impact is in

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Adapting a Lending Business for the New Normal

The impact of COVID-19 on the Nigerian economy has greatly reduced the consumer buying power. Lenders now need to take a more granular and contextual approach to credit risk assessment and management.

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Lenders have to develop new risk models post-COVID

As the COVID-19 crisis presents a new normal for social and economic activities, lenders must also brace up for the future. Whilst lenders have tightened their grip on lending as an immediate response to the

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Product personalisation can optimize financial services customer lifetime value

According to Google trends, there has been a 50% increase in volume of financial search phrases on search engines over the last five years. This upward trend for search phrases such as “car loans,” “quick

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How Data Analytics can scale risk management for increased lending profitability

Data analytics and categorization technologies offer opportunities for lenders to effectively monitor and minimize exposure to credit risk. Lenders are now looking at more advanced and innovative approaches to manage risk.

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