Decisioning Statement
In the financial sector – especially at banks and credit card companies – expedited decisioning is needed to notify customers and clients if they qualify for a loan or credit.
The credit decisioning process if a critically important step because a poor decision to extend credit can result in an eventual default – which necessitates writing-off the loan and thus a decrease in the business’ profitability. However, an overly stringent credit decisioning process will result in too little lending as well as missed opportunities to lend at more lucrative rates.
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Aussie dlr holds gains ahead of cenbank statement
SYDNEY, May 9 (Reuters) - The Australian dollar held on tomodest gains against the U.S. currency on Friday ahead of theReserve Bank of Australia's quarterly monetary policystatement, where the central bank is expected to reiterate itspledge to curb inflation pressures. * The RBA's statement will be released at 11:30 a.m. (0130GMT) and analysts are watching to see if it raises its nearterm inflation forecasts. The RBA kept interest rates unchangedon Tuesday at 7.25 percent, but said it was keepi...
5/8/2008 11:30:27 PM
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