German minehunter Weilheim joining SNMCMG1

first_img View post tag: German Navy View post tag: FGS Weilheim Photo: Photo: German Navy View post tag: SNMCMG1center_img German Navy Frankenthal-class minehunter FGS Weilheim is set to join the Standing NATO Mine Countermeasures Group 1 (SNMCMG1) for over four months of joint operations.The vessel will depart its Kiel homeport on July 29 for a two-week at-sea phase before heading to the German Navy’s fire and damage control training center in Neustadt together with the rest of the group.Shortly thereafter, the group is scheduled to join the annual Baltic Sea maneuver Northern Coasts.Since the beginning of 2019, SNMCMG1 has been lead by Royal Danish Navy Commander Peter Krogh who assumed command of SNMCMG1 from Belgian Commander Peter Ramboer. Danish ocean patrol vessel HDMS Thetis is the group flagship.SNMCMG1 is one of four NATO standing maritime groups which are multinational, integrated maritime forces made up of vessels from allied countries. These vessels are under continuous NATO command to perform a wide range of tasks ranging from deterrent presence and situational awareness to exercises and the conduct of operational missions. Share this articlelast_img read more

Building member risk scores with data analytics

first_imgIn 1956, Bill Fair and Earl Isaac founded FICO.  The premise of FICO was that data could be used to improve business decisions.  In 1981, FICO introduced their first credit score algorithm that would become known as “The FICO Score”.  Utilizing basic data elements about past behavior allowed FICO to develop a standard credit score to enhance relationships between lenders and borrowers.  Now, with the rise of Big Data and Analytics, credit unions can supplement the use of FICO scores by building their own risk scores for members.At traditional credit scoring agencies, data is transformed by proprietary algorithms from databases that are kept secret from lenders who purchase the scores.  However, credit unions now store vast amounts of data on their servers (from many different sources) about their membership.  This data can be used to build their own member risk scores.Relationship-Based PricingCredit unions should make decisions based on the relationship they have with each member.  Some members only joined the credit union for a low loan rate and intend to close their membership as soon as the loan is paid off. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more