Discovering career opportunities People interested in entering the field of financial management…

Discovering career opportunities

People interested in entering the field of financial management can choose from a wide variety of careers with diverse responsibilities and challenges. Visit the page on financial managers at http://www.bls.gov/ooh/management/financial -managers.htm to read more about career opportunities in financial management.

Developing your Tech insights: credit Scoring Software

Credit scoring software is a type of business intelligence software that measures the credit worthiness of applications for credit cards, mortgages, business loans, and other forms of credit. It has the dual objective of filtering out applications that don’t meet a lender’s criteria and speeding up the process for applications that do meet the criteria.
Using sophisticated mathematical models based on historical records, credit scoring software helps lenders decide which applicants to accept and how much credit to extend to each one. In addition, software with predictive modeling or predictive analytics helps predict which applicants will make the best customers (lowest risk and highest profit potential) for a given lender. Explore the credit scoring and risk assessment products offered by Fair Isaac (www.fico.com), Equifax (www.equifax.com), or another company in this industry. Choose one product. In a brief email message to your instructor, explain how this tool can help lenders make better decisions.