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CREDIT SCORING AND RETAIL CREDIT RISK MANAGEMENT
This chapter examines credit risk in retail banking, an industry that is familiar to many. Once seen as unglamorous compared to the big-ticket lending of corporate banking and trading, retail banking has been transformed over the last few years by innovations in products, marketing, and risk management. Traditional banks are facing increased competition from new landing platforms and from neobanks, which are introducing new technologies for retail risk assessment.
Retail banking has proved particularly important to the financial industry in the post-millennium years. On the positive side, retail businesses provided growing, relatively stable earnings in the early years of the millennium. However, ...
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