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Duane Ho , the chief financial officer at Oceanus Group , noted that CFOs were increasingly asked to manage business risks so that the rest of the organisation could focus on revenue, growth, and profitability. He added that this expands the scope of the CFOs’ remit, but it also means CFOs need to expand their data sources. "I
DataAnalysis: They use data analytics tools and techniques to extract insights from financial data, providing valuable information to support strategic decisions. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.
The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its creditrisk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).
For example, it manages borrower’s creditdata and spots early financial signs. This helps lenders proactively tackle creditrisks. Also, AI's predictive analysis forecasts borrower defaults and risk levels using data.
It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and product to keep from being dragged down by bad loan performance. BlueVine’s tech was built to continuously underwrite the line of credit it offers to SMBs, said Lifshitz.
It’s not enough to be very good at one element of the business – firms have to be good at operational functions, risk management, capital management, compliance and productto keep from being dragged down by bad loan performance. And for a very good reason: SMB lending is a tough business to be in, Lifshitz told Webster.
But there are so many tools at your disposal, and let alone how much duration you’re taking, how much interest, how much creditrisk you’re taking, illiquidity, et cetera. And how do you make the decision, I’m not comfortable with this creditrisk relative to the return it’s going to throw off?
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