Timetric Cards & Payments Reports
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Best Practices for Managing the Credit Risk Cycle in Emerging Markets
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- Credit risk cycle
- Cards and payments
- Emerging markets
- Risk management policy
- Account management
- Credit loss
- Collections
- NA
Synopsis
- It is extremely important to establish the process, management structure and, especially, the commitment to the credit risk cycle in emerging markets. The commitment of the management team and the strategic focus on having a fully integrated risk process are central to the successful initiation or continuation of credit card programmes in emerging markets. The credit risk cycle need not take the specific structures of more developed environments but the analytical basis, and focus with objective views of performance, are critical.
- The challenges in emerging markets are not that much different from those experienced in mature markets. However, some of the tools used to overcome or balance the challenges are absent or still in early development. Also, due to the explosive development of the card industry in new markets, many of the growth problems and challenges are being faced without the benefit of a relatively long learning and solution development curve. Finally, the problems are absolutely up-to-date. Problems tend to be current while solutions drag.
Details
- Product code: VR0744MR
- Published: July 31, 2010
- 123 pages
- Single-user: $3800
- Site License: $7600
- Enterprise License: $11400
- Terms & Conditions
Executive summary
In all markets, no matter what stage of development they are in, managing the credit risk cycle is one of the major challenges for any credit card issuer. This is even more of a challenge in emerging markets, where years of experience and the supporting infrastructure may not exist.
This VRL report provides best practices that should be applied in all markets, tools that can be used to manage the credit risk cycle, the challenges facing credit card issuers in emerging markets, automation of the credit risk cycle, the critical partnership between risk management and marketing and concerns about fraud.
Scope
- Risk management best practices can be applied in all markets and should be established early, even in emerging markets
- The availability of best practice tools to manage the credit risk cycle makes it possible for emerging markets to adapt these tools and avoid some of the mistakes of the more developed markets
- The challenges facing credit card issuers in managing the credit risk cycle in emerging markets are not that different from those in mature markets
- Even in emerging markets, the partnership between risk management and marketing is critical to develop a profitable credit card portfolio
- Fraud is a concern in all markets and needs to be combated early, even in emerging markets where the actual fraud rate may be low
Key highlights
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Reasons to buy
- Understand the latest industry and market trends
- Formulate and validate business strategies by leveraging our critical and actionable insight
- Assess business risks
Table of contents
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List of tables
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List of figures
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