Update from the recent judgment by the US Fourth Circuit Federal Court of Appeals.
The real benefit of a scorecard or a credit strategy is only evident on implementation.
Credit risk strategy is the process that follows after the scorecard development and before its implementation. It tells us how to interpret the customer score and what would be an adequate actionable treatment corresponding to that score.
Advanced validation framework and dealing with unbalanced data
Segmentation and reject inference, or keep it simple? – That is the question!
Scorecard development describes how to turn data into a scorecard model