Following the 2008 financial crisis, regulators have tightened the leash on financial institutions in terms of credit risk to protect the economy from another crash. In addition to stricter regulations, poor credit risk management is one of the greatest factors affecting financial institutions’ ROI.
Credit risk management, albeit high-stake, is time-intensive and entails processing vast amounts of client data for evaluation and interest rate calculation. As banks are faced with the uncertainty that a client might not meet their payment obligations and running the risk of losing the loan completely, industry leaders are looking to robust, data science driven credit risk management, to reduce risks and reduce costs or penalties.
Holistic Data Capture
In order to determine the credit risk of each prospective creditor, numerous data sets from various sources must undergo robust processing to garner better usability through advanced analytics. By leveraging a modern hybrid or cloud network and a Solutions Architecture, we will effectively funnel client information into one trusted source of data, providing you with a holistic view of each client’s information.
Automated Risk Evaluation and Scoring
Leveraging automation and machine learning, our experts will develop a model that effectively collects and processes data; providing creditors with client scoring and recommendations so they can make machine-powered decisions. By making these monotonous tasks machine-operated, your employees will have more time to focus on value-adding services.
With Adastra as your data partner, we will help you significantly reduce credit risk by providing an in-depth view of your client data, from credit history to daily transactions. Ensuring user-friendly access to the valuable insights, we will provide you with business intelligence and visualization solutions leveraging our state-of-the-art UX/UI capabilities. With thorough insights and analytics, you will be able to make data-driven decisions, foreseeing risk and responding proactively, significantly reducing losses.
Interested in implementing a credit risk solution? Contact our experts today.
Schedule a free discovery session
We will contact you as soon as possible.