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Surprises are fun but not when you are in risk management. The COVID-19 pandemic has left the financial sector in shock and panic as with the dominating reaction in the 2008 global financial crisis. The economic crisis brought about by the pandemic got organizations questioning their risk management strategies. Two years into the pandemic, have […]

The global pandemic since 2020 is a rare occurrence with significant consequences. Such events necessitate novel technology to assist lenders in balancing portfolio risk while providing a favorable borrower experience. LendIt and Brighterion conducted a survey among financial institutions (list not shared) to know how they are likely to use technology such as artificial intelligence

Republic Financial Holdings Limited, a financial institution in the Caribbean, considers credit risk management as vital to the long-term success of a company. They consider risk as the possibility that the borrower will default on its obligations under the agreed terms. Therefore, the objective of risk management is to maximize the risk-adjusted rate of return

A client failing to comply on a payment can be harmful for micro-, small, and medium-sized commercial enterprises. Yet if a company has an effective credit risk management practice, it can still consider offering credit to its clients. This article talks about how Fidus Systems, an electronics company in Ontario, Canada, carry out its very

Based on the results of World Bank Enterprise Survey Data, access to finance is the most significant barrier for the expansion of their operations of firms in developing countries, like the Philippines. This is also noted among 17 percent of firms across the regions. In Sub-Saharan Africa, access to finance is the top obstacle of

In this modern and rapidly economic environment, we can all agree that the pandemic has greatly affected the credit worthiness of the customer. This new normal is a challenge to everybody. Thus, it is an advantage to have some tools in credit risk management and cash flow protection, such as CMAP’s very own database “iCMAP”.

It is essential to protect your company from late payments and customer defaults for it can greatly impact your business. Credit management provides a firm grasp of a company’s finances to provide a balance between avoiding risk and seizing opportunities. Credit management process must be identified to have an effective credit management strategy.  Allianz Trade