Linked In
Twitter
Credit Strategy
Search
Search

Lowell launches decision science scheme for graduates

GFKL Lowell Group has announced the launch of a new decision science and analytics graduate programme.

LinkedIn Twitter Google+

The group said its decision science department is focussed on understanding, measuring and predicting consumer financial behaviour.

 

It is seeking applicants with relevant experience or qualifications to begin working in its decision science department starting September this year.

 

The 18-month programme will be housed at the company’s UK headquarters in Leeds and provide each successful applicant with a dedicated mentor.

 

Lowell said its decision science team comprises business analysts, statisticians and quantitative and behavioural scientists dedicated to addressing the company’s most challenging analytic problems.

 

The launch of the scheme arrives at a time when behavioural science and analytics is being used increasingly by lenders, debt buyers and central government particularly.

 

The Behavioural Insights team, a social purpose company that works in partnership with the Cabinet Office, is dedicated to researching and implementing behavioural science strategies to make public services more effective.

 

In October 2016 the team published a paper which laid out 18 recommendations on how behavioural science can improve opportunities in the UK in six key policy areas – one of these being consumer credit.

 

These recommendations included making it easier to access low cost credit through extending access to interest-free budgeting advances.

 

It also recommended further restrictions to practices by high-cost credit providers that play on consumer biases, and test remedies that will improve consumer credit decision-making.

LinkedIn Twitter Google+
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

You may also like

12-minute loans launched for SMEs

12-minute loans launched for SMEs

Business lender Ultimate Finance has launched a loan that puts cash in a borrower’s account in under 12 minutes, in response to UK SMEs’ calls for quicker finance
Brexit increases pressure on UK hotels

Brexit increases pressure on UK hotels

Up to 1,800 UK hotel companies have at least a 30 percent chance of becoming insolvent by 2020, according to accountancy firm Moore Stephens
Charities call for independent regulator of bailiffs

Charities call for independent regulator of bailiffs

Bailiffs are still using “intimidating behaviour” and not following the rules when collecting debts, according to a new report launched by several charities
Credit Strategy

Did you find our website useful?

Thank you for your input

Thank you for your feedback

An online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd