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Tag: Credit Risk Underwriting Course

How technology is changing the credit underwriting industry

Posted on by Imarticus Learning

How technology is changing the credit underwriting industry

There’s a lot of talk about technology in the credit underwriting industry. But what exactly is it? And how has it changed over time? To answer these questions, we’ve compiled a list of some of the biggest trends in technological advancement within this field.

Artificial intelligence (AI) and machine learning

Artificial intelligence (AI) and machine learning are two terms that describe the same thing. Machine learning is a subset of AI, although some prefer to use the term “deep learning” for this purpose.

Big data analytics

It’s a way to look for patterns and correlations in data, which can help you make better decisions. Big data analytics is also used to predict future events based on historical trends and forecast demand and supply by analyzing past trends. 

For instance, if you want to know how many people will visit your website next month or what they’ll be interested in buying when they get there—you could do this by looking at all the purchases made during a particular year. You would then compare those numbers with historical sales information from previous years.

Mobile computing

Mobile computing is a huge part of how technology changes the credit underwriting industry. In case you’re not familiar with what “mobile” means in this context, here are some examples from our own lives:

  • I can use my phone to check email and pay bills online;
  • I can use my phone to read news articles and make restaurant reservations;
  • My car has an app that lets me monitor fuel consumption and maintenance costs remotely (and allows me to find nearby gas stations).

The technology of credit underwriting is evolving rapidly to incorporate more advanced tools.

Artificial intelligence and machine learning are significant factors in credit underwriting, like big data analytics and mobile computing. Cloud-based software solutions are also changing how banks collect, analyze and interpret information from their systems; in some cases, they use machine learning algorithms to automate specific processes that otherwise require human intervention. 

And then there’s IoT (the Internet of Things), which will allow banks to monitor customers’ spending habits across multiple devices simultaneously—allowing them, for the first time get truly accurate insight into what people do with their money (and why).

These tools have the potential to transform credit underwriting in many ways. The most noticeable changes will affect how lenders evaluate and make decisions on consumer loans. Still, they could also impact other aspects of financial services, such as income verification or fraud prevention.

Explore credit risk underwriting career with Imarticus Learning

management development programs

 With this credit risk management certification course in India, students learn about the lending environment, credit underwriting, and regulatory requirements.

Course Benefits For Learners

  • The hands-on career-focused program adheres to internationally recognized standards and incorporates the most recent global trends and best practices.
  • This credit risk underwriting course includes 145 hours of live lectures, five case studies, and social learning.
  • Online credit analyst training is practice-based, linked to globally recognized standards, and industry-focused. It is unique in that it incorporates the most recent educational advancements worldwide!

Contact us through the chat system, or drive to our training centers in Mumbai, Pune, Thane, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

Using AI models for credit risk assessments can help financial institutions make smarter decisions to boost the customer life cycle

Posted on by Imarticus Learning

Credit risk may vary differently depending on the type and amount of credit, but now there are new methods to assess it. Artificial intelligence models are the next step up from traditional scoring systems and offer a more nuanced look at your customers.

The use of AI models for credit risk assessment has been on the rise in recent years. It’s easy to see, unlike traditional scoring systems, these models provide a more nuanced view of customers and their financial history.

With this information, you can ensure that reliable data will back any loans or other financial products offered.

This article helps you to understand AI-based credit scoring models and how they help make your business more profitable.

AI-based credit scoring model: 

It is about improving the transparency of credit through increased access to information, higher credit standards, and improved risk assessment.

The big contribution of the AI-based credit score model is not only figuring out people’s real identity or whether they are eligible for loans. Instead, it changes the old idea that people who make more money could easily get a loan.

The model evaluates borrowers not by personal income levels but by risk factors, including employment history, credit report, assets, and liabilities.

This way, when making decisions about an individual’s eligibility for loans without lessening the effect on others in society.

Consumers can be evaluated according to their implications rather than just their income level- thus decreasing the incidence of the poverty cycle.

Benefits of integrating AI credit risk assessment model 

AI is fast, smart, and efficient at making decisions without any biases or emotions getting involved. This means you can make more informed financial decisions based on scale data from the entire population.

AI-based solutions transform credit scoring in several ways. Involving such a model can help the financial institutions as follows:

  • With the support of the AI credit score model, financial institutions can learn about their customer’s financial behavior based on historical data and potential income forecasting. Such analyses help the institutions to sell their credit plans to the right category of clients.
  • AI model offers greater speed without compromising quality or precision. The lending decision is much easier than traditional methods where banks used to apply decision trees, regression, and complicated arithmetic analyses to generate the client’s credit score.
  • AI smart applications are available to check the customer’s creditworthiness and maximum credit limit.
  • It has allowed the banks to increase the customers’ lifetime value by engaging with them continuously and intelligently to strengthen each relationship across diverse products and services.
  • Increased profits due to efficient targeting of low-risk loans. Both economic and efficiency terms benefit from reduced bankruptcy rates.

Learn more with Imarticus Learning:

Imarticus Learning presents credit risk management courses that help to understand India’s credit landscape and the entire loan assessment process.

Our Credit Risk Management Course USPs:

  • Quality learning experience through learning pedagogy consists of 145 hours of live lectures.
  • The comprehensive credit risk management courses strongly emphasize the digital innovation that is disrupting the lending space.
  • Helping to build a career in banks, NBFCs, and start-ups through resume enhancing workshops, interview preparation sessions, and mentorship.
  • Holistic, well-rounded, and practical curriculum designed and delivered in collaboration with Moody’s Analytics.

For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon.

How can you use credit risk to your advantage in a post-COVID economy?

Posted on by Imarticus Learning

In the wake of the Covid Crash, many companies are exploring different ways to safeguard their assets from financial malfeasance. One way is to invest in credit risk management courses. These courses teach people how to identify and avoid risks with their finances, regardless of what type they may be.

The following post explores some benefits that these types, of course, can provide for your business or organization!

Why should you take a credit risk management course?

The relationship between a financial institution and its customers is changing. In the post-Covid economy, organizations need to be more aware of risk management strategies in order to provide efficient customer service with reduced costs. This is where credit risk courses come into play, as they can help you understand how relevant this area of business has become nowadays.

When it comes to acquiring new clients or retaining existing ones, banks can no longer rely on face-to-face meetings alone; rather, through digital channels such as mobile apps, users expect instant responses when their issues arise.

This creates an opportunity for companies that offer online training programs like our organization because we believe that even though technology may have changed the way people communicate these days, education still has a crucial role to play in today’s world.

How can the courses help your company?

The world of business is ever-changing, and in order for your organization to stay relevant, it needs to adapt its strategies according to the new environment. This means that understanding how credit risk management course works in a modern context will help you plan ahead when making a decision about your company’s future development.

For example, suppose you’re going through multiple loans at the moment. In that case, this course can provide guidance on which solution would be more suitable for your case so as not to fall into debt or miss out on an opportunity because of some miscalculated risks.

The benefits of taking these courses in today’s economy

  • Increase your knowledge of credit risk management. One major benefit that these courses provide is the opportunity to learn more about what you can do to avoid financial pitfalls.
  • Learn from experts in their respective fields. In addition, they offer a chance for people with little or no prior experience in this area to gain hands-on instruction from industry leaders and professionals who know what it takes to succeed.
  • Gain access into an exclusive network of like-minded individuals committed to protecting themselves and others against personal and corporate risks related to money matters such as debt, bankruptcy, etc.
  • When deciding whether or not taking one will be beneficial for your business or organization, it is important to look at what they have to offer.
  • The courses provide knowledge and a network of contacts in this area that can be advantageous for your business or organization.
  • Increase access to funding from banks and other financial institutions. In addition, the expertise provided by these individuals will increase your chances of obtaining loans from various organizations such as banks.

Join credit risk management courses at Imarticus Learning

Credit Risk and Underwriting Prodegree from Imarticus Learning is a brilliant way to acquire a toolkit that helps understand India’s credit landscape. Get a hands-on learning experience as you explore five comprehensive case studies.

Course USP’s:

  • Help you to identify up-skilling needs
  • Recommend suitable training solutions
  • Source as well as train talent as per the firm’s aims and objectives
  • Develop future leaders via MDP’s

For further details, contact us through the Live Chat Support system or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon.

Learn How To Build and Manage a Global Set of Underwriting Models

Posted on by Imarticus Learning

Have you ever wondered what to do in the face of financial risk? Do you know what an Underwriting Model is?

In the world we live in, uncertainty is an unavoidable part of life, you cannot know for sure what might happen in the future and how companies will be affected through different events in time. As a specialist, you must be able to advise and manage companies at risk through the use of financial tools.

In this program, you will learn how to handle such models and learn the basics of risk management. If you are interested in this topic and you want to learn credit risk underwriting, read on as we will talk in more detail about our CRU-PRO degree.

What is an Underwriting Model?

Many financial institutions are in charge of providing loans to clients or companies that request them, but an institution has to be responsible and know if a business is able to pay back. Underwriting is a process used by financial institutions to know the degree of risk when investing and to be able to predict if there will be problems with late payments or debts.

At Imarticus, we offer you a program of more than 145 hours in which you can learn all about the different models of underwriting and also get an overview of credit risk in India. Through this program, you will have all the necessary tools to achieve and perform a qualified financial analysis that will be useful for any company.

Learning Process

Our CRU-PRO degree has a partnership with Moody’s Analytics, so it has strong industry-oriented learning. In addition, we encourage the use of disruptive technologies during the courses, since we know many of the current businesses are heavily oriented towards technology.

Through five different case studies, you will be able to apply everything you learn during the program in a more practical way. In this program, you will study some topics such as Macro-Economics, Credit Administration, Regulatory frameworks, and more in the different credit risk management courses and the credit risk analyst course. You will also have access to extremely qualified personal and group tutors.

Other Benefits

At Imarticus, you will have career services that will help you improve your different skills during the program. In these courses, we will guide you to build a professional profile that will allow you to accelerate your admission process. We also offer professional interview preparation to help you gain confidence and succeed in the different interviews without any problems.

 Career Options

At the end of this program, you will have the skills and knowledge to become an Operational Risk Manager or Credit Risk Manager. You may also have the experience to become an Investor or start in a Credit Financing Manager position.

Conclusion

This program will provide you with modern risk management tools and methodologies for the evaluation, administration, and control of credits used already by important financial entities. After finishing the CRU-PRO degree, you will have a certificate that will allow you to show the knowledge you have acquired so that you can take your career to the next level, in addition, it is a certification accepted by the industry.

Don’t hesitate and enroll in our program as soon as possible. If you have any questions about the different courses, the case studies, or the program, you can always go to the Imarticus website to access the brochure or request a demo.

How RPA can streamline Traditional Loan Underwriting?

Posted on by Imarticus Learning

Automating underwriting can increase turnaround time exponentially, pushing the needle from weeks or months to a few days.

But do you wonder what robotics & automation have to do with securing a loan? According to recent developments in tech-driven underwriting. The current pandemic exposed painful inefficiency of underwriting loans processes, financial organizations & companies turning to automation to move things.

Here’s how RPA assists Traditional Loan Underwriting:

Smooth Banking during a crisis

With the turnaround time of receiving credit taking longer, businesses desperately need it due to crises arising due to pandemics. It’s a terrible situation for the economy where a small loan could make a difference. The problem is heavy reliance on manual processes making the situation complex and unsustainable.

Automating underwriting increases turnaround time exponentially. This can bring much-needed funds into the hands of individuals & businesses requiring it without sacrificing the underwriting quality, which is essential for financial institutions to be sustainable.

Resolve Complexity of Federal Loans

There are many federal opportunities for loans, but these options come with their setbacks, data points, methodologies, and a lot of paperwork. Training humans for these complexities is time-consuming, but AI can catch on to the mundane, rote pieces of underwriting, leaving humans ideal for higher-order tasks.

Robotic Process Automation (RPA) facilitates the loan process from end to end, removing human intervention and reducing errors due to factual inaccuracy. RPA-powered software can help individual information from multiple sources and systems and create a complete picture of an individual or organization’s loan worthiness to combat the glut of data.

RPA also assists government organizations in responding to queries more quickly due to natural language processing & the evolution of chatbots.

Implementing RPA for sustainable loan processing

Using automation helps cut down human errors, fast-track processes without sacrificing accuracy & provide valuable communications between loan applicants & loan providers. It’s a transforming way to think about credit & how we respond to a future economic crisis.

Explore the New Age Career in CRU with Imarticus Learning:

financial analyst courseGet an in-depth understanding of dynamic banking & non-banking financial corporations (NBFC) loan markets with the Credit Risk and Underwriting Prodegree from Imarticus Learning.

For those who wonder what after B.Com, this program lets you acquire tools that help you understand India’s credit landscape, get some diligence, conduct financial analysis, and learn the entire loan assessment process.

The students get a hands-on learning experience as you explore five comprehensive case studies. These case studies are linked to a different aspect of the curriculum, providing you with an opportunity to apply skills and gain an in-depth understanding of how credit risks & underwriting works.

After completing the course, you’ll be rewarded with an industry-recognized Certificate of Excellence in credit risk and underwriting. The Certification represents the skills and knowledge students have imbibed during the course and can be used to boost the portfolio and resume.

If you’re looking to explore careers after graduation and heading for employment opportunities in the BFSI sector, take some time off to pursue a risk management degree or earn a globally accepted credit analyst certification. Designed to enhance business and analytical skills and provide an overview of the Banking, NBFC, and Credit spheres, this course is turbo-charged to help you meet and exceed employer expectations.

Contact us through the Live Chat Support system or visit our training centers in Thane, Pune, Mumbai, Chennai, Bengaluru, Hyderabad, Delhi and Gurgaon

Imarticus Launched The Campaign – A Paid Scholarship!

Posted on by Imarticus Learning

Times are highly unprecedented in the pandemic. But many of us have bravely fought the COVID war.

 

Our frontline workers have put their lives on the line and made countless personal sacrifices for dealing with this situation. At Imarticus Learning, we salute all these warriors.

We are honored to launch our new campaign – ‘The Joy of Giving’ For Providing 100% A Paid Scholarship” to professional tech-based training courses to COVID warriors and their dependents.

The scholarship is aimed at motivating the learner in you.

There are various ProDegrees available on the scholarship covering different disciplines.

You can choose from:

Data Science Prodegree – Knowledge partner KMPG

Financial Analysis Prodegree – In collaboration with KMPG in India

Digital Marketing Prodegree – Industry knowledge partner Digitas

Credit Risk and Underwriting Prodegree – In collaboration with MOODY’S Analytics

All the programs are for in-demand professional careers and will provide you with the necessary skills and knowledge to break into them and secure a bright future for yourself.

Data Science Course

Data Science course is one of its kind program in India that provides data science online training with a cutting-edge curriculum, case studies, and real business projects.

It will equip you with practical knowledge of working with data analytics tools like Python, R, SQL, etc. This course can open doors for a variety of data science careers like Data Analyst, Data Scientist, Machine Learning Engineer, Data Visualization Specialist, etc.

Financial Analyst CourseThe Financial Analyst course is a skill-building program that covers various core concepts within the financial analysis domain such as Accounting and Financial Modelling, Equity Research, M&A, Job Readiness, Valuation and Corporate Strategy, etc.

After finishing this course, students can build a career as a Financial Analyst, Corporate Finance Manager, Asset and Wealth Management Associate, etc.

Digital Marketing CourseThe Digital Marketing course offers hands-on knowledge and experience of working in the digital marketing domain through its industry-specific projects.

The curriculum includes brand case studies, simulated projects, real website capstone projects, and industry mentorship, to name a few. The Digital Marketing Training will help you in getting job roles like Performance Marketing Manager, SEO Specialist, Content Strategist, Social Media Manager, etc.

The Credit Risk Underwriting course is focused on providing an in-depth understanding of credit underwriting, lending landscape, credit administration, legal and regulatory requirements, etc.

Credit Risk Underwriting CourseThe program not only prepares you for a future career in credit risk underwriting but also provides placement services to help you build a substantial career in this field.

After the end of this course, you will be eligible for many careers including Operational Risk Manager, Risk Analysis Researcher, Credit Financing Manager, Credit Analysis Associate, etc.

Anyone who fulfills the eligibility criteria for the COVID Warrior scholarship can nominate themselves or anyone they know for a paid scholarship for these programs. The nomination process is quite simple.

All you have to do is follow us on Social Media –

Imarticus Scholarship       Imarticus Scholarship      Imarticus Scholarship        Imarticus Scholarship

And tag yourself or someone you want to nominate using the #ImarticusScholarships. There is no limit on nominations. You can nominate as many people as you want. The team of Imarticus will reach out to you with the next step of the selection process.

All the nominees will be required to submit an essay on the experiences of their fight against coronavirus. The Imarticus selection panel will choose the best 25 essays among them. They will be asked to provide attestations of their Supervisors/Reporting Managers/Head of Department certifying their societal contributions during the pandemic.

Imarticus ScholarshipAfterward, the shortlisted 25 essays will be featured on Imarticus Learning’s social media handles. The top 4 essays that will generate the maximum engagements from audiences will be offered 100% paid scholarships for the Prodegree programs.

The last day of filing your nominations is Sunday, 29 November 2020. So hurry up!

Don’t miss this great chance of learning with #ImarticusScholarships