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Be ‘pandemic-ready’ with these risk management approaches

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 […]

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Artificial Intelligence in Credit Risk Management: Would you use it?

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

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Strategies and Techniques in Credit Risk Management

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

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How strong credit management practices brought Fidus to Silicon Valley

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

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CMAP concludes Feb to March 2022 Webinar Series

Credit Management Association of the Philippines, Inc. (CMAP) concludes its series of webinars from February to March 2022. Among the topics covered were “Credit Collection and Management” and “Remedial and Legal Accounts Management” conducted by Mr. Gary Joseph Santos and “Basic Identification Documents (IDs), Business Documents Verification and Check Fraud Detection & Prevention” and “Signature

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