Modern credit risk rating for diverse portfolios with the ACTICO Credit Risk Platform

Challenge

The fully deployed solution comprised of a full scale Risk Rating Solution meeting the bank’s requirements, including the following deliverables:

• More than 10 Commercial and Corporate Scorecards on-boarded on the Credit Risk Management Platform
• Centralised system (3 Production installations) for rating
• Interface with upstream and downstream internal systems
• Data migration/ conversion to new system from the legacy system
• Stress/ Simulated Rating
• Peer comparison of ratings. which enables users to compare ratings
• Reporting mechanism to provide monitoring and operational reports

Solution

ACTICO products in use

Credit Risk Management Platform

Impact

• The platform based approach allows implementation of bank’s diverse portfolios – each with its specific requirements in terms of workflows, scorecards, user interfaces and integration points – on a single centralized and technologically consistent system
• Increased agility and productivity of the business and IT team
• Minimal application maintenance and less dependence on 3rd party / vendor
• Faster time-to-market