Patrick Reemts Vice President, Credit Risk Solutions for ID Analytics, Patrick Reemts has more than 15 years of experience with credit risk and scoring analytics in the consumer lending space. Previously, he worked for Discover Financial Services, where he launched the industry’s first-ever credit bureau trigger prescreen program with Experian. He helped design and implement Discover’s prospect database and managed marketing, risk data, and score purchases, overseeing credit bureau attributes, score usage, and statistical studies. He designed and built the prospect database for Wells Fargo’s National Home Equity Group and assessed and acquired data, model development, and scoring design. Reemts pioneered the use of FICO’s Strategy-Ware for making large decision-tree and score-based credit decisions for HSBC’s card division. Reemts holds a B.S. from Iowa State University.

Are Your Credit Policies Hindering Grads from Getting a Bank Card?

A recent Bankrate study showed that 63% of millennials, 18-29 do not currently own a credit card,1 even though many card issuers offer special cards designed just for students.2 With the growth in acceptance of marketplace lending, there’s …

Are Smartphones Smart Gifts for Graduation? Millennials and Mobile Phones

Millennials are technology savvy and the most connected generation in history and owning a cell phone is a must. The Pew Research Center calls them “history’s first ‘always-connected’ generation, treating their multitasking, handheld devices’ almost like a body part”.1

A New Car for Graduation? Millennials and Auto Purchasing

Purchasing a new car was once considered a rite of passage for young adults and college graduates, but does this apply to the millennial generation in the current economic climate?1

A recent study showed that 71% of millennials …

Millennials – Credit Invisibles?

Millennials. The largest consumer group since the baby boomers. As they reach adulthood, what will their purchasing behavior look like in this new, ever-evolving economy? What adjustments should be made to business practices, if any, to attract these customers and …

Alternative Credit Data FAQs

As a follow-up to our recent post Alternative Credit Data is Nothing New, we’ve compiled some of the frequently asked questions on this topic:

Question: Who benefits from alternative credit data?

Answer: There are many studies that focus on …