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.
|
CEO of Hancock parent company to step down
Dominic D'Alessandro plans to step down next year as CEO of Manulife Financial Corp., the company announced in a statement that also said quarterly profit fell for the first time in almost seven years. (MFC)
...
5/8/2008 6:02:58 PM
Boston Business News - Local Boston News | Boston Business Journal
|
