Community of Practice (CoP): Risk Management - A recap on 2019 meeting held in Amsterdam
Credit Scoring's Contribution to Sustainable and Profitable MSM Loan Growth and Key Success Factors for Use of Credit Scoring
The meeting took place on October 10, 10AM–12:30PM, in Amsterdam, during the Global SME Finance Forum 2019. The meeting was chaired and moderated by Mr. Rajeev Chalisgaonkar (Standard Chartered Bank) and included three presentations by Mr. David Snyder (Cass Business School and Wells Fargo), Mr. Syed Abdul Momen (BRAC Bank), Mr. Vikram Kotibhaskar (Standard Chartered Bank), each followed by Q&A, and discussion about future steps for the CoP.
David Snyder presented motivation, methods, data and timeline for his study “Credit Scoring’s Contribution to Sustainable and Profitable MSME Loan Growth and Key Success Factors for Use of Credit Scoring.” Syed Abdul Momen presented BRAC’s practical experience with credit scoring in a data scarce environment and Vikram Kotibhaskar presented Standard Chartered’s market framework for loan automation – country’s digital index.
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About the CoP
The SME Finance Forum established the Risk Management Community of Practice (CoP) with the primary goal to foster the exchange of ideas, practical experiences, and new approaches to credit risk identification, monitoring and management, which can further improve the FIs’ operational effectiveness and efficiency, and benefit their SME clients. The CoP also aims to enable better collaboration among the key players in the SME space: banks, non-bank FIs, fintechs, regulators, and consultants, to progress SME finance through improved risk assessment and decision-making, robust risk-adjusted business performance measurement and better appreciation for the link between credit risk and other risks that may impact on an FIs’ SME business.
The CoP was launched during the Global SME Finance Forum in Madrid in November 2018. The initial meeting focused on the impact of evolving data sources and fintech developments in credit risk assessment. The 2019 session included a discussion on Credit Scoring’s Contribution to Sustainable and Profitable MSME Loan Growth and Key Success Factors for Use of Credit Scoring.