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.

Decisioning, scoring, Open Banking Mark Thompson Decisioning, scoring, Open Banking Mark Thompson

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.

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How Open Banking can help meet the challenges faced in Originations

Open Banking data benefits applicants in a number of ways, not only making it easier and faster to obtain credit but also enabling greater choice and fairer access to credit.

Using a decision engine with lending platforms makes the integration of Open Banking data straightforward, with minimal technical integration, minimal risk, and minimal outlay.

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The UK is in a Cost of Living Crisis - how Open Banking can help

Open Banking data is a powerful lens into a customer's financial health. By using this very granular income and expenditure data, organisations can better highlight choices and options the customer may not be aware of. Lenders that automate the use of this data will be at a distinct advantage, benefitting both them and their customers.

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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.