Comments on: Loan Portfolio Management – A Pattern-Based Strategy http://blogs.gartner.com/kristin_moyer/2009/10/21/loan-portfolio-management-a-pattern-based-strategy/ A member of the Gartner Blog Network Sat, 21 Jan 2012 07:44:58 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Kristin Moyer http://blogs.gartner.com/kristin_moyer/2009/10/21/loan-portfolio-management-a-pattern-based-strategy/comment-page-1/#comment-5924 Kristin Moyer Fri, 30 Oct 2009 14:55:25 +0000 http://blogs.gartner.com/kristin_moyer/?p=1043#comment-5924 That's a great point. Banks have really struggled to use data for value added purposes, whereas e-commerce vendors like Amazon and payment providers like PayPal have done this very well. In social media, we're seeing some of the goal-based savings providers (like SmartyPig) leverage payment-related and other customer information very effectively. For example, going to retailers and saying, we have x-number of customers saving for home remodeling, the value of these savings goals is $x and the average individual consumer goal for home remodeling is $x. Thanks for brining this up. You're right - we should expect to see this same thing happen in P2P lending. That’s a great point. Banks have really struggled to use data for value added purposes, whereas e-commerce vendors like Amazon and payment providers like PayPal have done this very well. In social media, we’re seeing some of the goal-based savings providers (like SmartyPig) leverage payment-related and other customer information very effectively. For example, going to retailers and saying, we have x-number of customers saving for home remodeling, the value of these savings goals is $x and the average individual consumer goal for home remodeling is $x.

Thanks for brining this up. You’re right – we should expect to see this same thing happen in P2P lending.

]]> By: Wiseclerk http://blogs.gartner.com/kristin_moyer/2009/10/21/loan-portfolio-management-a-pattern-based-strategy/comment-page-1/#comment-5921 Wiseclerk Thu, 29 Oct 2009 20:50:11 +0000 http://blogs.gartner.com/kristin_moyer/?p=1043#comment-5921 Kristin, I think mid-term p2p lending services (e.g. Lending Club, Zopa) will adopt pattern recognition to better identify and gauge risks. At the moment they rely on external data sources like credit bureaus, heavily. But just like credit card companies p2p lending companies can build a huge database of payment related information. It will be interesting to see who makes use of this first and how. Wiseclerk Editor http://www.p2p-banking.com Kristin,

I think mid-term p2p lending services (e.g. Lending Club, Zopa) will adopt pattern recognition to better identify and gauge risks. At the moment they rely on external data sources like credit bureaus, heavily.

But just like credit card companies p2p lending companies can build a huge database of payment related information. It will be interesting to see who makes use of this first and how.

Wiseclerk
Editor
http://www.p2p-banking.com

]]> By: Credit Card Issuers Further Ahead with Pattern-based Strategies http://blogs.gartner.com/kristin_moyer/2009/10/21/loan-portfolio-management-a-pattern-based-strategy/comment-page-1/#comment-5881 Credit Card Issuers Further Ahead with Pattern-based Strategies Fri, 23 Oct 2009 13:29:05 +0000 http://blogs.gartner.com/kristin_moyer/?p=1043#comment-5881 [...] servicers have been slow to adopt loan portfolio management (a technology that supports pattern-based strategy) and continue to suffer heavy losses.  Contrasted to this, credit card issuers have been [...] [...] servicers have been slow to adopt loan portfolio management (a technology that supports pattern-based strategy) and continue to suffer heavy losses.  Contrasted to this, credit card issuers have been [...]

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