• Additionally, we’re in the early stages of social media-driven credit… there are opportunities to enhance a full view of consumer health that we haven’t fully tapped into, by leveraged Facebook/LinkedIn networks, time in employment – things that can offer a better view to consumers who are in the margin. Predictions: • The U.S. economy is incredibly resilient – unemployment is low, wages are up, gas prices have come down since their peak. Today’s ecosystem of data sources, infrastructure providers, and data science professionals will be presented an incredible opportunity (and challenge) to demonstrate how best to operate in uncertain times. • The FIs that can leverage additional data sources, and test/deploy new strategies to ensure the business is operating in a healthy manner, will be the ones that can capture new market share during this downturn and reap the benefits of growth when others are pulling back from the market. This is not only true in Originations/ Acquisitions, but also in Portfolio Management and Collections .
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