Why should lenders care about building a well-managed Collections function? Over the past few years, 2OS has expanded our Collections practice to include large banks, credit card issues, and fintechs both in the US and abroad. …

In a previous post, we walked through our empirical results comparing a variety of preprocessing methods, where we showed what was happening and what methods worked best. Now, we want to talk about the behind-the-scenes of how those preprocessing methods work. This is part one of three follow-up posts, which…

As the world moves to a more cashless society, an increasing number of credit and debit card purchases happen every day. The increasing prevalence of these purchase types has led to credit interchange becoming a critical part of the world’s payment processing system. Interchange allows for financial institutions to exchange…

Why should you care? It’s difficult to build good models, regardless of whether you’re a lender building a simple marketing regression or a gradient boosting machine (GBM) to underwrite your customers. Modelers must cycle through a number of complex steps during the build process. One of these steps is cleaning your input data, making…

Who are we and why should you care about this blog? This blog is run and written by 2nd Order Solutions. We are a credit consulting firm that provides world class lending solutions for financial institutions. 2OS has a great deal of knowledge that we would like to share with the public across data science, analytics, and industry insights. While we…

Authors: Syed Raza, Aaron McGuire, & Scott Barton Executive Summary 2nd Order Solutions has continued to see a rising tide of consumer borrowing in Q1 2022, with February 2022 seeing the highest credit issued on record. …

Authors: Justin Metacarpa, Roland Massimino, & Dave Wasik Executive Summary Over the past couple of years, our Collections practice at 2nd Order Solutions has expanded to not just include large banks and credit card issuers, but an increasing number of fintechs, both in the US and abroad. The fintech sector has grown…