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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