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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

They will also need recalibrated scorecards post-COVID as the existing models will not hold. They will need to evolve new scorecards considering the pandemic factor for early default detection. Better Forecasting and Optimization. They also have to assess loss forecasting and reserving based on new data sources.

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10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

.” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. Predictive Analytics assesses the probability of a specific occurrence in the future, such as early warning systems, fraud detection, preventative maintenance applications, and forecasting.