Faster Shouldn’t Mean Riskier
March 27, 2018
How to underwrite faster without assuming more risk.
The demand of faster approvals and a better customer experience has lead to an increasing number of PSPs streamlining their underwriting processes to remain competitive. The problem? Nobody wants to assume more risk by blindly accepting or rejecting merchants.
These slides on how to solve for this problem are from Peter Fitzpatrick’s presentation at the MAC Conference in March 2018. The slides include:
- The difference between binary and complex scoring methods
- How to learn and improve from your data
- How to get over 60% faster at underwriting decisions without increasing risk or cutting jobs