This loan company realizes the power of data scientists and software engineers joining forces

Data is essential to any modern company, but software applications are what draw the business value from that data. Both are necessary for the company to succeed, and wonderful things can happen when they join forces. That’s the message imparted by Krishna Venkatraman, SVP of analytics, and Pamela Rice, SVP of technology, for OnDeck, an online-based business loan maker. In part one of a two-part interview, they explain how, working together, they help OnDeck make better lending decisions.  The Enterprisers Project (TEP): Traditionally, lenders gather information on their applicants and use that data to decide whether or not to lend and on what terms. Some institutions also allow loan officers to also follow their own judgment and grant loans to borrowers who seem more creditworthy than the data alone indicates.…


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