Empowering Business Users to Own the Underwriting Process

Many financial institutions face bottlenecks when trying to adjust their automated underwriting models. Making changes often requires lengthy IT cycles and developer resources. This hampers agility for the business departments (e.g. credit risk) and the ability to refine rules in response to new data signals and regulatory demands.

Data Harbor solution empowers business users to take control of the entire underwriting process:

Rather than submitting tickets and waiting for the IT department, credit risk teams can independently update scorecards and decision logic. This allows adjustments as fast as business conditions change.

Underwriters can incorporate new data sources (such as Transactional Data, Open Banking, Credit Bureau, Origination Data, etc.), tweak thresholds, or alter risk parameters without coding skills.?

Our Builder TM ? provides easy drag-and-drop functionality.

By enabling access down to the raw data layer, teams can validate model performance themselves. Transparency into how outputs are calculated and decisions reached is vastly improved.

Handing modification abilities to business users solves multiple pain points:

• Accelerates the feedback loop for enhancing models
• Removes bottlenecks with IT resources which creates autonomy for business users.
• Allows deeper customization to address niche segments

The key is having intuitive interfaces that guide staff through scenario analysis and rapid simulations.

With more locales embracing open banking frameworks as well, the volume of transactional data will only increase. Empowering business teams puts financial institutions in the driver's seat to turn new data into informed portfolio decisions.

Oz Mizrahi

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