Case Study 4 (Data Governance)
Applicant: Trevor Goal: Investment Loan Channel: Bank Direct
Questions to Consider
Should the Lender’s be expected to review raw banking transactions and assess risk transactions (such as gambling)?
Who defines what transactions are risky?
What happens if the Lender still approves a loan with risk transactions?
Where does the risk appetite fit vs Responsible Lending compliance regarding the volume, value or types of transactions?
How does the Lender audit and track decisions based on individual transactions?
Can/Should Lenders decline these loans?
Can Lenders build propensity models from these transactions? How about health transactions?