Question:
Increased competition in the loan market.
Author: Sydniea WelshAnswer:
What are the factors that influence technology based credit risk analysis?
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4 answer(s) in total
Alternative answers:
Consumer expectations are increasing and most consumers now expect efficient loan approval from financial institutions
Bankruptcies and global competition have increased, so accurate credit analysis has become more important.
The traditional system was based on expert knowledge only, requiring expensive and extensive staff training
needed to be less dependent on expert staff who could leave.
Author
Sydniea Welsh