Risk is considered as an integral part of the banking business, especially with its highly intensive competition, technological development and the increase in the volume of banking transactions.
Correct and accurate information is the basis upon which the risk management in a bank depends for ensuring its success and continuity in the banking market with satisfactory returns and low risks.
As such, correct information has become the most important pillar on which risk management relies in this fast-paced digital age, in order to be able to establish the credit criteria (identifying, measuring, monitoring and controlling credit risks) correctly; the credit decision-maker in banks cannot precisely predict the results of his decision, but he can, by analyzing the risks associated with credit operations, arrive at an estimate of the objective probabilities of the decision he is about to take. Undoubtedly, he would not be able to do so without the availability of accurate information.
To find a solution to this challenge, we partnered with the Banking Sector.