NSS president and CEO, Brian McCracken, participates in a panel discussion at The RMA Conference focusing on Technology-Enabled Innovation in Commercial Lending. McCracken demonstrated the use of knowledge, or rules-based underwriting and portfolio surveillance as an effective way to reduce credit and operational risk, by utilizing North Shore’s proprietary Business Rules Engine admin panel (BRE). He explained how the intelligence of senior risk managers could be incorporated into origination and asset management platforms through a specific product or program-type, which in turn triggers rules at different points of the entire lending process.
Recent research indicates that approximately 70% of all tech projects fail in any given year. This leaves us with a