COVID-19: Maintaining data integrity of credit risk management tools

As lenders transition from frantically putting in place initial rounds of support for their customers in reaction to COVID-19, thoughts are turning to the broad range of issues they now face. There are substantial implications from what is occurring, and a need to understand what has changed and what priorities matter most now. To ensure this initial good work doesn’t have unwanted consequences for their business they now need to look at the implications on their credit data. In this article we look at those issues and put forward a framework that might help them mitigate the risks posed. We believe this will become a critical requirement to defending the credit data landscape, so credit risk processes, and models do not become permanently degraded…click below to read our paper.