When to Pull Back or Pause Originations

When to Pull Back or Pause Originations

Written by Andrew MacDowell, Director, DecisivEdge™ Every once in a while I hear or read about auto lenders pulling back on or pausing originations to make small or large adjustments to things such as improving credit underwriting procedures, ensuring compliance with new regulations, or selecting and implementing auto-decisioning software.  Although it’s a painstaking decision, I… Read more »

The Benefits of Identifying the Origin of Defects in Software Development

The Benefits of Identifying the Origin of Defects in Software Development

Written by Jim Chickadel, QA Practice Director, DecisivEdge™ The benefits of software are abundantly apparent in our daily lives, so much so that most people take this for granted… unless of course that software has bugs.  The software development community is constantly pushing the limits of introducing innovative uses for software that will allow us… Read more »

7 Stages in Loan Origination

7 Stages in Loan Origination

Written by Andrew MacDowell, Director, DecisivEdge™ As we grow our business and technology consulting practice, I travel both in the US and Canada, meeting with a variety of lenders in multiple industries. Over the years, I’ve noticed that almost every lender I meet with has a different interpretation of the definition of the term Loan Origination… Read more »

Data Science for Mid-Tier Banks & Specialty Lenders

Data Science for Mid-Tier Banks & Specialty Lenders

Written by Keith Oelkers, Data Science Practice Director, DecisivEdge™ According to some estimates1, the world generates 2.5 quintillion bytes – or one billion gigabytes – of data per day. With 90 percent of all data created and stored in the world today having been generated in the last two years alone we are seeing a… Read more »

Traditional Lending Comes of Age

Traditional Lending Comes of Age

Written by Andrew MacDowell, Director, DecisivEdge™ As technology revolutionizes successive markets in disruptive waves, the lending industry is finally facing its own storm. Traditional methods of lending are quickly becoming obsolete in the face of altered consumer behavior, evolving business models and the rise of fintech. For example, credit is becoming more pervasive, and the… Read more »

Finance Transformation – The Time is Right!

Finance Transformation – The Time is Right!

Written by Sukumar Narayanan, President, DecisivEdge™ Finance is the epicenter of a business whether the business is a manufacturer, distributor or a financial institution.  It is the function that enables a business to “keep score”, identify inefficiencies, and determine where investments are warranted. Modern CFOs are tasked with four key responsibilities – Providing leadership in determining… Read more »

The Risks and Benefits of Long-term Auto Loans

The Risks and Benefits of Long-term Auto Loans

Written by Andrew MacDowell, Director, DecisivEdge™ Offering longer-term auto loans may be an attractive option for lenders, but the practice carries inherent risks that may not be immediately apparent. The proper application of data science to plan, model and analyze results is critical to managing these risks and maintaining reliable revenues from loans with extended… Read more »

7 Challenges to In-House IVR Testing

7 Challenges to In-House IVR Testing

Written by Jim Chickadel, QA Practice Director, DecisivEdge™ For most organizations, the Interactive Voice Response (IVR) system a critical piece of technology that is increasingly becoming more complex and sophisticated.  Companies are expected to have a highly functional IVR system that gives their customers the kind of experience they are looking for when they pick… Read more »

Grappling with how to Centralize Your Data?

Grappling with how to Centralize Your Data?

Written by Keith Oelkers and Mike Frayler, Practice Directors for Data Science and Analytics, DecisivEdge™ Many businesses keep their data in silos and employ analytics at a process or departmental level. Centralizing these data silos to create a data mart, warehouse, or lake gives organizations more visibility over operations and results in more accurate analytics… Read more »

Why Financial Institutions Should Leverage RPA

Why Financial Institutions Should Leverage RPA

Written by Sukumar Narayanan, President, DecisivEdge™ Unlike manufacturing and other highly streamlined industries, financial institutions tend to have a significant number of processes requiring manual intervention and data manipulation. These are both highly inefficient and perhaps more importantly subject to errors. Robotic process automation (RPA) is a newer strategy that facilitates the automation of high-volume, repeatable,… Read more »