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.

New Solutions for Online Onboarding

A recent trend in the retail banking market is the increasing demand by customers for an online component to their banking relationship. Traditionally, demand deposit accounts (DDA) have been opened by customers inside their local bank branch. However, customers have …