Alternative Data in Bank Risk Management

Learn about the use of alternative data in credit assessment; practical application of alternative data; managing the challenges and risks of using alternative data.

Alternative data, or ‘unstructured data’, refers to the non-traditional data beyond the typical financial sources such as geolocation, payment history and social media. The rise in the use of alternative data has enabled the financial industries, including banks to shape better decision making and credit assessment. 

This virtual live training course will explore the application of alternative data in the current financial industry and the effective practices of unstructured data set management, analysis and processing models. Attendees will have the opportunity to learn about how to identify and address the potential challenges, pitfalls and risks in the use of alternative data. 
 

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What will you learn?
  • Difference between traditional data and alt data
  • The benefits of using alt data in credit risk assessment
  • The framework of alternative credit scoring 
  • How to manage the alt data set 
  • Machine Learning and alt data
  • Potential challenges an risks of using alt data 
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Who should attend?

Relevant departments may include but are not limited to:

  • Credit assessment 
  • Risk management 
  • Data analysis 
  • Compliance 

Live Virtual training courses

 

Our live virtual training courses have been designed to engage and inspire you. Much more than a webinar, our approach includes:

  • Technical content compressed into 60-minute interactive sessions and spread out over two, three or four days

  • Facilitated collaboration including Q&A, interactive polling and group workshops

  • Live interaction with subject matter experts – get your questions answered in real time

  • Receive comprehensive course materials and supporting content from Risk.net to reinforce your learning

  • Stay connected with other learners and extend your network by joining our dedicated LinkedIn group for course participants

Not the course for you?

Risk Training offers a great selection of courses providing practical guidance on the latest trends, challenges and regulatory changes that span risk management, regulation and derivatives.

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E-Learning

Risk Training’s self-paced E-Learning platform offers Essentials of Operational Risk programme, plus more topics to come soon.
 

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