Neuristics Corporation, providers of advanced decision-support tools for consumer lenders, announced today that Anton Blumberg, formerly a Bank of New York executive, has joined Neuristics as vice president, according to Richard B. Leavy, Neuristics CEO.
“Anton brings to us deep knowledge of credit risk management and loss-control strategy and operations, as well as his experience in developing and utilizing advanced decision-support tools for a leading consumer lending institution,” said Leavy. “His background will assist us in further aligning our products with the needs of our lending-institution clients.”
“The most profitable lenders already recognize that their operations increasingly rely on the use of rigorous analytical tools to manage the lifecycle of accounts – from acquisition through ongoing risk and profitability management to collections, ” said Blumberg. “I am convinced that Neuristics’ decision support tools offer the most highly focused and sophisticated approach to ensuring lender profitability, and I am pleased to be part of this exceptional team.”
Before coming to Neuristics, Anton Blumberg was vice president of the Risk Services Group of the Bank of New York (Delaware). There, he was responsible for all aspects of the bank’s risk containment strategies, including developing, testing, and implementing advanced data mining and data interpretation statistical technologies. He also served as co-chairman of the First Data Resources Client Risk Advisory Group, where he oversaw the formation and implementation of FDR’s strategies and decision support tools on behalf of the company’s client base.
Prior to joining The Bank of New York, Anton Blumberg was vice president of portfolio risk management at First USA Bank, where he co-directed the design and installation of the industry’s first neural fraud-scoring model. Earlier, Blumberg was employed by Mellon Bank as a credit operations manager and credit policy analyst. He holds a BS in finance from Drexel University.
Neuristics Corporation develops and markets intelligent decision-support tools that enable consumer lenders to uncover new opportunities for profit and to reduce risk and overhead in acquisitions and relationship management. Neuristics clients include major banks, financial transaction processors, and a third of the top 25 credit card issuers. Founded in 1993, Neuristics is a privately held firm based in Baltimore, Maryland.Details