Credit Risk Scorecards: Developing and Implementing Intelligent Credit Scoring (Wiley and SAS Business Series)

"Scorecard development is important to retail financial services in terms of credit risk management, Basel II compliance, and marketing of credit products. Credit Risk Scorecards provides insight into professional practices in different stages of credit scorecard development, such as model building, validation, and implementation. The book should be compulsory reading for modern credit risk managers."
—Michael C. S. Wong Associate Professor of Finance, City University of Hong Kong Hong Kong Regional Director, Global Association of Risk Professionals

"Siddiqi offers a practical, step-by-step guide for developing and implementing successful credit scorecards. He relays the key steps in an ordered and simple-to-follow fashion. A 'must read' for anyone managing the development of a scorecard."
—Jonathan G. Baum Chief Risk Officer, GE Consumer Finance, Europe

"A comprehensive guide, not only for scorecard specialists but for all consumer credit professionals. The book provides the A-to-Z of scorecard development, implementation, and monitoring processes. This is an important read for all consumer-lending practitioners."
—Satinder Ahluwalia Vice President and Head-Retail Credit, Mashreqbank, UAE

"This practical text provides a strong foundation in the technical issues involved in building credit scoring models. This book will become required reading for all those working in this area."
—J. Michael Hardin, PhD Professor of StatisticsDepartment of Information Systems, Statistics, and Management ScienceDirector, Institute of Business Intelligence

"Mr. Siddiqi has captured the true essence of the credit risk practitioner's primary tool, the predictive scorecard. He has combined both art and science in demonstrating the critical advantages that scorecards achieve when employed in marketing, acquisition, account management, and recoveries. This text should be part of every risk manager's library."
—Stephen D. Morris Director, Credit Risk, ING Bank of Canada

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All Customer Reviews
Average Customer Review:
0 of 0 people found the following review helpful:

This is a very good intriduction book for credit risk scorecard, 2008-06-20
Well, I worked for a major consumer bank in the world. This book does not target risk manager who want to know more about scorecard strategies. This book is good for a new entrant staff or students who want to be familiar with scorecard developement. I think this book is valuable because it shows that you do not have to use comprehansive tools to develope a scorecard. All you need is scorecard knowledge, basic statistics software(SAS, STATA, SPSS), and excel for reports.


1 of 2 people found the following review helpful:

Bad choice for technical practionares, 2008-05-15
I am a model expert in credit risk and it happened that I was looking for a text book that offers different approaches in calculating the score band. Offcourse, based on the great review and on the SAS icon on the back cover it seemed that this book is a good base line.(I was not able to read inside the book and now I know why the publisher didn't add this feature with amazon).It was really a disappionting buy for me, the author was talking about basics that every one in the industry should know??if there is any value of this book is the value of the sas code. AS,a buyer who is looking for a sas code to execute the very generic knowledge of the book,let me tell you that will see literary three small tables of four lines of code in each in the whole book...for practionares don't ever buy this book,for managers I don't know, they are managers and they should kow these basics, for people who knows nothing about the consumer industry then it is a good start.
Usually,I don't list any comments for any book becasue i research the book before the buy, but this book tricked me and it deserves these couple minutes of comment to pay back the publisher...Please don't list this book as a SAS book and remove the SAS icon from the back cover it is embaressing!!


0 of 2 people found the following review helpful:

A fantastic book for managers, 2007-12-25
A fantastic book for managers. The development of scorecards involves seriously sophisticated statistics, such that without a Phd in statistics, there is no point in trying. Due to this, most books on this topic fall into one of two categories: 1. Far too mathematically advanced for ordinary readers. 2. So basic as to be of no practical use. This book is somewhere in the middle. Thus, it caters for managers, providing easy to understand, yet thorough plain English explanations of all key topics, while not losing the reader in advanced maths. At the same time, it contains enough maths to provide managers with basic maths training an insight into the statistical techniques involved in scorecards. Although far too basic for statistical experts who have the job of developing scorecards, this is a fantastic book for managers who want to gain a solid grasp of the issues.


1 of 3 people found the following review helpful:

Great Starting Point for Scorecard Development, 2007-06-27
This is an excellent resource for people and organizations creating scorecards. It covers a wide assortment of topics in just enough detail to provide the "nuts and bolts." The author provided much of the material for The SAS Institute's training program on scorecard development as well. NOTE: the volume is somewhat slim and should not be considered an "encyclopedia," so if that's what you need, you'll need to augment this with other resources.


3 of 4 people found the following review helpful:

Experience. , 2007-06-19
This review is written by the author of a competing book, so any comments made must be taken with a grain of salt.

Mr. Siddiqi's book focuses on the development of in-house scoring capabilities, covering a broad range of development and implementation issues. Unfortunately, very few references are provided. The author obviously has a lot of experience (he works for SAS Canada), but at times the limits show. There are times when I feel that without the backing of SAS, and the current high level of interest in this topic, this book would not have the same level of acceptability.

I would recommend the book, but with qualifications--basically, it should only be read in conjunction with other works on the topic, especially if you want a view on related topics (economics, history, law, credit strategy, etc.).

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