The Reserve Bank of New Zealand (RBNZ) has announced its intention to open access to its Exchange Settlement Account System (ESAS) beyond just traditional banks. This change could extend access to non-bank deposit takers, payment service providers, overseas institutions, and financial market infrastructure operators — a potential turning point for competition in the sector.

New Zealand has an aversion to risk, but the key isn’t avoiding it, it’s knowing how much we’ll take for the reward we want.

While the New Zealand Government may be dialling back on climate change commitments, extreme weather events will cause financial disasters.

While most of us use New Zealand dollars every day to buy goods and services, few probably stop to think about where that money actually...

Discover what low side overrides are, why they matter in credit risk management, and how to mitigate their risks for a healthier loan portfo

Explore the pros and cons of reverse mortgages vs. debt consolidation to find the best option for your financial goals and retirement needs.

Managing credit risk is like crafting the perfect dog biscuit—balance high-quality loans, diversification, and risk for a healthy portfolio.

Discover why first-time homebuyers often let emotions take the wheel, leading to decisions that defy pure financial logic.

New Zealand's property-focused lending stifles SME growth. Shifting to business-backed loans can unlock potential in tech & services.

It’s our birthday! As we celebrate our seventh anniversary, we’re not merely resting on our laurels.

Will Buy Now Pay Later (BNPL) face the same demise as peer-to-peer lending?

At Happy Prime Risk Consultancy, we believe in straight talk and decisive action.

Happy Prime has partnered with Women in Credit Risk & Collections.

Recent changes to the CCCFA, while welcome, are unlikely to significantly improve Kiwi access to finance.

Addressing 'whataboutism' in credit risk improves clarity, risk assessments, and keeps discussions productive for effective strategies.

In this blog post, we explore what BNPL is and the pros and cons associated with this payment method.

Here's a step-by-step explanation of how bootstrapping works in scorecard development.

Monitor the credit risk cycle to reduce losses and maintain a healthy credit portfolio with effective risk management measures.

In this blog, we will discuss the concept of reject inference and how it is used in scorecard development.

NZ faces rising uninsurable property risks from extreme weather. Happy Prime CEO urges action to prevent financial disaster for Kiwis.

Align objectives, actions, KPIs, and responsibilities with the X Matrix Planning tool for strategic credit risk management.

Happy Prime is cautioning about the potential drawbacks of the new DTI measures.

Information Value (IV) measures a variable's predictive power in credit risk scorecards, aiding robust and accurate credit scoring.

Explore how observation and performance windows enhance credit risk assessment accuracy and reliability in scorecard development.

Explore the essential role of application scorecards in credit risk management, focusing on accuracy and reliability.

What exactly is Loud Budgeting, and why might it be the financial buzzword of the year?

Why do banks find house lending far more appealing? In this blog, we aim to unravel the intricacies of this capital-driven strategy.

Happy Prime Consultancy is proud to join the global celebration of International Women's Day.

Discover practical advice for managing financial difficulties.

Explore the nuanced debate on Debt to Income vs. Uncommitted Monthly Income assessments in banking.

We look at the dangers associated with unintentional bias in application scorecards and its profound implications on fairness, equality,...

Discover how recovery curves can improve collection and write-off management, boost financial health, and enhance organisation's processes.

Markov Chains are a powerful mathematical framework that plays a crucial role in credit risk management.

We’re adding a sprinkle of financial wit to your festive season with some secrets to a credit-smart Christmas.

We explore what factors influence the choice of sample size and how to strike the right balance to ensure a robust and reliable method.

The future of credit scorecards lies at the intersection of traditional logistic regression models and AI.

Broken rule report is a valuable tool in credit risk management.

Delve into what credit risk management entails and factors to consider when deciding if it’s the right career choice for you.

Learn the intricacies of consumer lending fraud.

Six things I've learned in the last six years since starting Happy Prime.

The Phillips Unemployment and Inflation Curve is a valuable tool in credit risk management.

Find out more about what an inverted yield curve is, how it works, and whether it truly signals an imminent recession.

As businesses and financial institutions face a growing number of climate-related challenges, it’s imperative to ask the question: should...

At Happy Prime, our commitment to collaboration and positive change within the financial sector is unwavering. We're excited to announce...

Find out why banks and financial institutions that adopt the 3 lines of defence model are better equipped to manage credit risk and...

The choice between reverse mortgages and debt consolidation hinges on your unique financial circumstances, goals, and preferences. Both...

One of the primary benefits of using survival analysis in credit risk management is that it allows lenders to identify high-risk customers

Learn how the recent change in requirements made by the CCCFA have positively impacted lenders in New Zealand.

Lenders and financial institutions use different methods to evaluate a borrower's creditworthiness.