The Consumer Financial Protection Bureau (CFPB) 1071 is a regulation that requires financial institutions to collect and report data on small business lending. The goal of this regulation is to improve access to credit for small businesses, particularly those owned by women, minorities, and other underserved communities. By collecting and analyzing data on small business…
Descriptive analytics is the process of analyzing data to understand what has happened in the past. It involves summarizing and presenting data in a way that is easy to understand and interpret. Descriptive analytics provides businesses with valuable insights into their operations, customers, and market trends. By analyzing historical data, businesses can identify patterns, trends,…
Commercial credit analytics refers to the process of analyzing and evaluating the creditworthiness of businesses and organizations. It involves the use of data and statistical models to assess the likelihood of a borrower defaulting on their financial obligations. This analysis helps lenders and financial institutions make informed decisions about extending credit to businesses. In today’s…
In the digital age, we are witnessing an exponential growth in data creation. Every day, we generate vast amounts of data through various sources such as social media, online transactions, sensors, and mobile devices. This data holds immense potential for businesses and organizations to gain valuable insights and make informed decisions. However, the sheer volume…
The modern world is inundated with an overwhelming flow of data, presenting individuals and businesses with a significant challenge. In order to make informed decisions, reliable and usable information is essential. However, the sheer volume and speed at which data is generated necessitate a more sophisticated approach. This is where analytics comes in. Analytics is…
