individual-entry-BA-Blog

« How Banks are Taking Big Data Lessons from Retailers | Main | Turning Insights into Actions »

Helping Banks Manage Risk, in Europe and Everywhere Else

Idc_model_gov_2012
Unless you’ve been off the grid for most of the year, you know that solvency and credit risk are dominating concerns for European banks and governments these days. Predictive models have long been vital tools for driving safe, effective lending decisions at the retail and commercial level, but recently the demand for greater transparency around these models has sharply increased.

At an IDC event held last week in Europe, FICO highlighted how banks can improve risk management, regulatory compliance and competitive advantage by strengthening their management of predictive models, such as those used to measure customers’ credit risk.

Last year, FICO released our FICO® Model Central™ Solution to provide a complete environment for managing predictive models in a reliable, automated and integrated way. It presents a management dashboard of overall model health, alerting personnel to performance degradation so they can take action before business decisions are adversely impacted. The solution can also accelerate the deployment of predictive models into a bank’s operational systems, which allows tomorrow’s decisions to better utilize the most recent behavioral shifts. An IDC Financial Insights white paper on this topic is scheduled for release in July, and you can also read our news release for more details.

While this isn’t a cure for what’s ailing our global economies, it can certainly illuminate the health of operational credit decisions and improve tomorrow’s actions.

First time on the EDM blog?
Subscribe to the EDM blog feed or check out some other recent posts:

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451629b69e2016767e4b46e970b

Listed below are links to weblogs that reference Helping Banks Manage Risk, in Europe and Everywhere Else:

Comments

The comments to this entry are closed.

Search Site


  • dmblog.fico.com

Subscribe

  • enter your email

Upcoming Events

  • FICO Tools & Analytics User Forum 2012
    BERLIN: September 11-12, 2012 LONDON: September 18-19, 2012 Gain new insights for improving business performance through advanced analytics and decision management tools.