Brochure
Deadline 10 July 2027: The EU AML Package Hits Insurers Hard
Anti-money laundering in insurance must change significantly due to the EU AML package: fewer manual processes, more automation.
Anti-Money Laundering
Insurance
Successful Migration of your Risk Rating System to the ACTICO Credit Risk Platform
Credit Risk Platfom
ACTICO’s Credit Risk Platform is a state-of-the-art software solution offering credit risk analysis and management on a secure, cloud-based platform.
Features
Manage credit risk analysis and credit decision workflows on a flexible and secure platform
Q&A
Based on our experience with these migrations, we have compiled some common questions & answers
The risk rating models of our bank are IRB-compliant. Do I need to adapt the models or require approval by the regulators when using a new software platform?
No, we can replicate the existing rating model / logic in the new system. Using a powerful regression testing capability, we can verify that the new rating system delivers the same restults. The Credit Risk Platform has a comprehensive features-set to ensure the auditability and security of the rating system.
How does ACTICO handle the migration of risk rating data?
We support the data migration of historical data, such as risk ratings, financial spreads using a data migration tool which is agnostic to the legacy system in place.
How are the bank’s existing risk rating models integrated?
The models can be implemented using a graphical, no-code editor. Model changes are subject to a comprehensive audit trail and versioning concept. Alternatively, it is also possible to integrated pre-existing models, e.g. models which exist in Python and/or R.
What are technical possibilities to connect to existing risk rating systems?
The Credit Risk Platform can be seamlessly and bi-directionally integrated with a bank’s existing on-premise and cloud-based systems.
What is a typical time frame for a migration?
The time frame for migrating is dependent on various factors such as the number and complexity of rating models, reporting requirements, and integrations with internal or external systems. Please contact us to discuss your specific requirements and timelines for a possible system migration.
Recognised throughout the industry.
For many years, ACTICO has been recognised by customers and analysts as a leading provider of Advanced Decision Automation Technology and solutions for Compliance and Credit Risk Management.
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