The COVID-19 pandemic has upended many of the traditional metrics that are used to assess consumer credit performance. Federal and state programs that defer financial obligations, combined with expanded unemployment benefits and stimulus payments, are masking a bank’s ability to determine creditworthiness among consumers. This is complicating loan approvals and could increase risk down the road for both the bank and its customers.
Join us for a one-hour webinar that explores how deposit data can be a valuable credit-assessment tool in these challenging times. Novantas experts Hank Israel and Don Kumka will be joined on a panel by Anurag Puranik, senior vice president and head of credit analytics at KeyBank and credit expert Alan Schiffres, president and CEO of Avalon Group Advisors, LLC.