Welcome to the Paragon resources hub
Here you’ll find a collection of useful materials on the techniques and considerations when it comes to developing, implementing, using and managing credit risk models, as well as the latest Paragon opinion and industry developments.
Unlocking the Power of Reports in Credit Risk Model Development
Credit risk models, often referred to as scorecards and scores, are the linchpin of financial stability for both individuals and businesses. These models guide crucial decisions about lending, capital allocation, credit loss forecasting, and strategic planning for banks and lenders. Given their profound impact, credit risk models are under increasing scrutiny and regulation, with a growing emphasis on Model Risk Governance. This discipline ensures models are developed, utilized, and managed with a comprehensive understanding and without unintended consequences.
Evolving Credit Scoring: Harnessing the Power of Open Banking Data
In the world of lending, there's a notable shift happening in both consumer needs (greater need for credit, evolving working practices such as gig working) and most relevantly to lenders with the introduction of Open Banking data. It's changing how lenders evaluate both creditworthiness and affordability, providing a more detailed view of a person's financial habits as well as opportunities to remove friction and automate decisioning. In this article, we'll explore the practical aspects and real-life examples of how Open Banking is reshaping credit scoring.
Paragon: the credit expert’s choice
“We get value from Modeller due to its efficiency, time saving and auditing features.”
CARLIEN KRUGER, SENIOR MODELLER, WESTPAC
Find out why credit risk analytics experts choose Paragon software.
Our software
Whether you’re building and deploying models, automating decisions or managing model risk and governance, Paragon’s software comes with our no compromise, valued engineering built in.