Tag: Risk

Credit professionals across industries have a lot in common, from their deftness with numbers to their careful evaluations of risk factors. One shared frustration among credit managers is an unresponsive customer, whether it’s a customer who has suddenly gone radio silent or one you’ve spent weeks trying to get in touch with, only to be met with a voicemail.

Cybersecurity has emerged as a critical component of credit management, earning its place as the unofficial sixth ‘C’ in the traditional five Cs of credit (Character, Capacity, Capital, Conditions and Collateral). As businesses increasingly rely on digital platforms for transactions, data storage and communication, the risk of cyber threats has escalated, making it essential for credit professionals to prioritize cybersecurity in their risk assessments.

While startups often present exciting opportunities for growth and innovation, they also come with significant uncertainties. Unlike established businesses, startups typically lack a proven track record, stable cash flow and robust financial history, making the assessment of their creditworthiness a complicated challenge.

Credit professionals who work with international customers face a number of challenges—whether through a clash of cultural customs and norms or even ways of conducting business.

The March consumer price index (CPI) showed a 3.5% increase compared to March 2023—while the probability of a June rate cut has quickly plunged from 56% to 17%. Though March’s inflation reading was significantly down from the pandemic-era peak in 2022 (the highest level since 1981), it remains above the Fed’s overall target of 2%.

The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region’s economy will slow less than we previously projected as inflation pressures continue to dissipate.

🤖Understanding the impact of ChatGPT in the credit profession is essential as it can reshape business operations and risk management.

Javier Milei, a self-described “anarcho-capitalist,” campaigned for the presidency on a platform that featured pledges to slash state spending, shrink the government, dismantle regulatory constraints on the private sector, and wage war against a corrupt political “caste” that had mismanaged Argentina into a seemingly endless series of economic crises.

Customer onboarding is arguably the most important part of a business transaction because businesses can enhance revenue and cultivate enduring customer relationships. However, the time-consuming onboarding process, coupled with the urgency for swift credit decisions due to sales or competitive pressures, can escalate loss risk.