It is all about data – credit scoring, expected credit loss & risk-based pricing

In our last Article, we reviewed the deepening impact of technology on businesses and how this can be applied in restructuring and insolvency processes to achieve desired outcomes. We reflected on how AI machines, software and programs can imitate the process of a user by collating data from which it reviews, processes and correlates data for application. We reiterated the critical role played by data in the insolvency process – quality timely data will significantly assist in devising a turnaround strategy, restructuring debts, managing creditors and seeking reprieve from the courts.

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