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Data Management Eased for Financial Sector
By CXOtoday Staff
Mumbai, Nov 30, 2007 1418 hrs IST
Managing data, improving efficiency of the credit scoring model, and paucity of time have always been a part of a risk analyst's life. Not to worry. These challenges can now translate into ease, efficiency, and accuracy with Predicta -- a credit risk management application for mortgages, credit cards, auto loans, and personal loans.
With the current emphasis on implementation of greater compliance standards within banks, there is a need for a tool that's flexible and can meet the changing requirements of banks with regard to risk management. Predicta aims to decrease the turnaround time and increase the quality and compliance of risk scorecards at the bank.
Fractal Analytics and the Analytics Division of Cranes Software International have partnered to develop Predicta.
According to Nirmal Palaparthi, co-founder and EVP of Fractal Analytics, Singapore, Predicta provides a much desired analytical workbench for risk analysts.
Concurred Mohamed Asif, head (Banking and Financial Services Practice) of Analytics Division of Cranes Software International: "Predicta is very relevant today, especially considering the requirements of BASEL II accord and the growing need for accurate assessment of credit risk and computing default probabilities.
The development team would be from Cranes Software and Fractal would bring in its domain expertise. Both parties would contribute IP to develop Predicta. Predicta will be co-marketed by Cranes and Fractal.
Related Links:
Cranes Software Releases NISA/CIVIL Version 15
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