Credit Scoring Products and Emerging Modeling Techniques: black box method no longer acceptable, consumers demand transparency

FARMINGTON, Conn., April 9, 2013 /PRNewswire-iReach/ -- The financial reputation of a consumer in the U.S. essentially boils down to his credit score. There are the well-known factors that most people know about – large amounts of bad debt, late payments, cancelled credit cards, and an overall lack of borrowing and payment history. Yet, the majority of consumers continue to remain in the dark about the statistical science that determines the 3-digit number labels that communicate our level of risk or financial credibility to lenders.

While consumers do have access to credit bureau information, the actual credit decision data lenders use to generate credit scores are hidden in a web of complicated custom scoring models and scorecards for every distinct product line. The credit scoring process was basically one big black box. However, new regulations are changing the way financial institutions make credit scoring decisions as demand for transparency swells.

Trends in Credit Scoring and Model Development

New research from Mercator Advisory Group's report will help payments industry participants understand the basics of credit scoring and scoring model development, as well as the best practices and evolving methods being used by lenders and scoring vendors for deployment of scoring products.

Report highlights include: Overview of the credit scoring model development and implementation life cycle; Review of the credit scoring products available for use by participants in the payments industry; Discussion of trends in consumer credit and credit scores in the United States; Commentary on expanding regulatory oversight of credit reporting agencies and scoring model owners; Examination of best practices and evolving methods for credit scoring and using credit scores, as well as supplemental and alternative data, in lending risk decisions.

More information about this report and a free sample are available at

Banks: Global Industry Guide

The global banks industry group had total assets of $122,153.3 billion in 2011, representing a compound annual growth rate (CAGR) of 6.1% between 2007 and 2011. The bank credit segment was the industry group's most lucrative in 2011, with total assets of $60,644 billion, equivalent to 49.6% of the industry's overall value. The performance of the industry group is forecast to decelerate, with an anticipated CAGR of 5.9% for the five-year period 2011 - 2016, which is expected to drive the industry group to a value of $162,907.5 billion by the end of 2016.

What factors are affecting the strength of competition in the global banks industry group? How has the market performed over the last five years? What will be the size of the global banks industry group in 2016? Find the answers to these important questions and more in this report.

More information about this report and a free sample are available at

Global Anti-money Laundering Software Market 2012-2016

The Global Anti-money Laundering Software market is expected to grow at a CAGR of 11.3 percent over the period 2012-2016. The key vendors dominating this market space are Actimize Inc., Fiserv Inc., Norkom Technologies Ltd., and SAS Institute Inc.

One of the key factors contributing to this market growth is the increasing regulatory compliance requirements. The Global Anti-money Laundering Software market has also been witnessing an increasing focus on product enhancements among vendors. However, the high cost of implementation could pose a challenge to the growth of this market.

This report covers the Global Anti-money Laundering Software market landscape and its growth prospects in the coming years.

More information about this report and a free sample are available at

Find more market research for the banking service industry

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