Dual Risk Rating Platform at a Top10 U.S. Bank
Accurate, efficient and consistent credit risk rating workflows. Flexible rating model implementation while being audit proof and regulatory compliant.
About The company
The Tier 1 U.S. bank has more than 50,000 employees and 400+ billion USD in assets. The financial institution services consumers, small businesses and commercial clients, and offers a variety of financial services, including credit, loan and savings products.
ABOUT THE PROJECT
The project’s goal was to implement a highly flexible and robust platform hosting the bank’s internal risk rating models.
- Consolidation of all bank-internal rating models (PD and LGD models) onto a single dual risk rating platform.
- Implementation of all rating models in close collaboration with the bank’s risk management team
- Consistent, user-friendly risk rating workflows for the credit analysts
- Integration with upstream (e.g. financial spreading, CRM) and downstream (e.g. data warehouse) systems
- Full audit trail at design-time and runt-time
Customer Benefits
By introducing the Actico Credit Risk Management Platform the credit analysts benefit from a more structured consistent rating workflow.
- Centralized platform for the implementation of a dual risk rating platform
- High flexibility to implement, test and deploy new or updated rating models
- Elimination of data silos
- Increased efficiency and save costs
- Fulfillment of compliance regulations
As a result, the bank has now complete control over risk models and processes and is now in a better position to significantly enhance their dual risk rating process.