A Wealth of Data Is Key to Improving Risk Management, from The Center for Auto Finance Excellence.
What’s needed to stay innovative in auto finance risk management today?
Data, data, and more data, according to Preston Cecil, vice president of risk management at Innovate Auto Finance in Fort Worth, Texas.
Cecil spoke about how to not only use existing data, but also find new data, during yesterday’s Center for Auto Finance Excellence webinar, entitled “Fundamentals of Auto Finance Risk Management.”
“It’s important to always look for new data, we’re never satisfied,” Cecil said. “We’re always looking for that competitive edge.” More data, when used appropriately, equals better decisioning.