To navigate the chaos of the market, every enterprise needs discipline, direction, and order. COOs uphold these standards. Increasing customer satisfaction under the shifting trends and preventing losses while improving profits are challenges a COO faces every day. How does a savvy COO overcome these challenges?
After the financial meltdown of the last decade, many lenders have found themselves in a tough situation where they cannot use the conventional underwriting guidelines to identify enough “good borrowers” to whom they can lend money. AI & ML are changing the way credit has been assessed and is allowing vendors to look for new credit approval metrics such as purchasing history, bank data, or social media habits. Harnessing this technology to better forecast defaults.