Product Type: Market Research Report
Published by: TowerGroup
Published: March 2005
Product Code: R301-974Description This TowerGroup Research Note details the purpose and functionality of decision engines, describes the underlying analytics framework, and discusses how these systems work within the consumer credit infrastructure. It describes some of the issues that have inhibited full utilization and provides blueprints for problem resolution that aim for consistent and wise decisions delivered quickly and cost effectively. A forthcoming Research Note will discuss decision technology solutions that are successfully deployed in the industry.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Background
- Decision Engines: What Are They and How Do They Work?
- Top-Down Model: Thinking as Symbol Manipulation
- Bottom-up Model: Emulating Nature
- Underlying Logic
- Exhibit 1: Pictorial Explanation of Complex, Yet Fundamentally Simple, Tenets of Statistical Analysis
- What Decision Engines Do in Consumer Lending
- Exhibit 2: Decisions to Be Made in the Processing Segments of Consumer Credit (2005)
- Exhibit 3: One Decision Engine Supporting the Entire Credit Processing Cycle Is "Best Practice" (2005)
- Issues and Answers
- Automobile Finance: Is the Exact Value Really Mission Critical?
- Home Equity Lending: Pesky Payoffs
- Exhibit 4: Online Bill Payment Systems Could Improve Home Equity Loan Processing (2005)
- Concluding Thoughts
- Summary
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