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    By the Numbers

    70
    R3 is a consortium of more than 70 of the world’s biggest financial institutions working together to explore applications of blockchain technology in financial services.
    10%
    The Financial CHOICE Act would effectively eliminate the Dodd-Frank burden on banks if they met a 10% leverage ratio.
    1930s
    Automatic transmission, an early step toward self-driving vehicles, first entered the market in the 1930s.
    50%
    Data quality investments can lead to a reduction of up to 50% in direct costs.
    10
    One-year model accuracy ratios improve by up to 10 percentage points when models use both financial and behavioral data rather than only financial data.
    24hrs
    Small and mid-sized enterprises can secure up to $150,000 in under 24 hours via alternative lenders.
    99%
    Small businesses account for 99% of all firms in the US.
    5.58%
    When making lending decisions, analyzing behavioral information in addition to financial information can help a lender avoid a loss of about 5.58% on a quarter of its portfolio.
    39%
    We find that in 39% of instances, LGDs Granger-cause EDFs, while the reverse is true in 50% of cases.
    90
    In a calculation for lifetime expected credit losses for allowances, sample portfolios show credit earnings volatility of 90 basis points.
    1
    Under the new CECL standard, firms must account for expected losses on day 1.
    1.5x
    Volatility of CECL-based provision for sample banks’ C&I portfolios is 1.5 times higher than that of incurred loss during the crisis period (2007 – 2010).
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