Providing software solutions since 1976
Providing software solutions since 1976
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IDBI to tap SAS retail solution - Oct 15, 2003 IDBI Bank has tied up with SAS India Pvt Ltd to offer risk management solutions for its retail portfolio. The software solution by SAS will provide business intelligence to the bank about borrowers’ credit worthiness and finally arrive at a predictive parameter for the default rate. Pramod Vaidya, head of risk management unit at the bank, said the solution is still being implemented and the full benefits of it can be felt in five years when they will have enough database to forecast the delinquency rate. Incidentally, the bank has is own internal risk management processes for its corporate debt portfolio. Arjun Erry, director of sales at SAS India, said his company was also providing customer intelligence solutions to Standard Chartered, Citibank and HDFC Bank. In risk management, SAS has considerable expertise in the financial sector. As the retail focus of banks increases, there is a parallel need to put in place comprehensive risk management solutions since banks and financial institutions apprehend that the default rate in the case of retail loans could escalate. Unlike in the case of corporates, which have well documented accounts statements, information on retail clients is rather sketchy. |
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