Risk based pricing of unsecured loans under model risk

Risk based pricing of unsecured loans under model risk

4most was delighted to attend and present at the Credit Scoring and Credit Control XVI Conference in Edinburgh last month where our Managing Director, Mark Somers, discussed efficient credit pricing and how model under uncertainty can be applied and reflected in the loan pricing problem.

4most appoint ex Bank of England Associate Sheikh Yasir to strengthen their insurance division

Today 4most, the global credit risk and insurance consultancy, announces the appointment of Sheikh Yasir as an Actuarial Consultant to join their fast-growing insurance division. Sheikh joins from the Bank of England, where he led the Solvency II review….

Five modelling challenges in modern forecasting and stress testing

Five modelling challenges in modern forecasting and stress testing

Since the implementation of International Financial Reporting Standard (IFRS) 9, capital & impairment forecasting and stress testing has seen a sharp rise in complexity across the banking industry. 4most consultants have been working on projects dealing with Internal Capital Adequacy Assessment Process (ICAAP)…

120 Seconds with our Head of Data Science

120 Seconds with our Head of Data Science

We are proud of the passionate team of experts we have at 4most and we would like to share their motivations and thoughts on their specialist areas with you. This is the first in our series of ‘120 Seconds’, a question and answer session with Fabrizio Russo, Head of Decision Science.

The PRA’s thoughts on IFRS 9 - our comment

The PRA’s thoughts on IFRS 9 - our comment

On the 15th April the PRA wrote to the CFO’s of the top seven banks to give their initial opinions on the implementation of the new impairment requirements under IFRS 9. As expected for such a substantial subject, the findings, based on their written auditor reporting work, are varied in nature. Through discussion with a range of lenders and client engagements, we see many of the issues raised by the PRA. However, there are also some omissions that we expected to see.

Being the bigger robot: capitalising automation for better decision making

Being the bigger robot: capitalising automation for better decision making

Machine Learning has been one of the hot topics in finance over the last few years, with benefits observed in most areas – many large institutions have prototyped and implemented techniques across decisioning, strategy optimisation, and fraud. The other key area that Machine Learning can bring significant benefits to, is automation.