Corporate & Commercial rating at a large Canadian Bank
A global North American Bank migrates to Credit Risk Management Platform to streamline risk rating processes
About The company
A large Canadian multinational financial services company with operations in 40+ countries across retail, corporate & investment banking as well as insurance.
- One of Canada’s largest banks
- 16 million clients through offices in Canada, the U.S. and 37 other countries
- 80,000+ employees; Customer assets ~ USD 1 trillion
ABOUT THE PROJECT
- Central platform for risk rating and financial spreading
- Two-stage roll-out (Canada, then worldwide); Additional rollout to U.S. subsidiary
- 4000 registered users, over 1000 concurrent
- Commercial loan portfolio: 52 scorecards
- Integration with bank’s security and authorization guidelines
Customer Benefits
- Implementation of one centralized solution which satisfied the requirements of a global bank (replacement of BvD FACT)
- Integration with existing front-end and back-end systems (demographics, hierarchy information, etc.)
- Autonomous operation and extension of rating system by the bank (incl. rating and technical models, interfaces etc.)