But as it always happens in technology or any other dynamics, the bankers tend to tread with caution and this area is no exception. Balancing business gain with added risk The most universal risk worry for banks large and small is the credit risk. Regulators will want to see banks with least credit risk, yet keep credit standards high.
Credit risk will continue to be a big focus as long as depositors’ interest is paramount. As a result, banks will need to obtain more and better data to make credit decisions and to create analytics based on that data. But the essence of analytics lies in the fact that the qualitative data is not fragmented for consolidation.