Regional Management Corp. Announces Appointment of Chris Peterson as New Chief Data and Analytics Officer
September 08, 2021 at 01:45 am IST
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Regional Management Corp. announced that it has appointed Chris Peterson to the newly created position of Chief Data and Analytics Officer, effective immediately. Mr. Peterson has over 20 years of digitally-driven data and analytics experience, with extensive expertise in technology, analytics, data systems, and risk management. Mr. Peterson spent the last 15 years at Capital One, where he was most recently the Head of Data Science and Data Strategy for Capital One’s Card business, leading the modeling teams that developed core underwriting, marketing, valuation and fraud models utilizing the power of machine learning, large-scale data processing, and cloud architecture. Additionally, he brought many new alternative data sources into use and enhanced the architecture and usability of existing data sources to greatly increase the quality of information used in underwriting. He also held various lead positions within the Model Risk Office at Capital One, including Assistant Chief Model Risk Officer. Mr. Peterson received his BS and MS in Statistics from Brigham Young University.
Regional Management Corp. is a diversified consumer finance company. The Company provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small and large installment loans. It provides its customers optional payment and collateral protection insurance. It offers small installment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. It offers large installment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. It offers its customers optional payment and collateral protection insurance relating to its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The Company also offers indirect retail installment loans of up to $7,500. It operates under the name Regional Finance.