Credit Risk Management
The amount of money that UK banks are writing off as bad credit card debt has reached new levels. In the third quarter of 2009 alone, the Bank of England reported the figure to be £1.6bn - exactly half of the £3.2bn recorded for 2008 as a whole.
This is a sign of serious times for banks. Clearly, the volatile climate makes it more important than ever that they adopt effective credit scoring procedures, and analyse the risk of credit card customers defaulting. However, the sheer volume of bad debt suggests that current practices for this are not adequate.
That's why banks should consider SAS® Credit Risk Management.
SAS Credit Risk for Banking is amongst the strongest offerings available in the retail banking sector. This is due to a flexible technology architecture, flexible analytics, global presence and support.
How SAS Can Help
SAS has decades of experience of delivering credit risk management solutions to the banking sector. Our heritage in analytics enables us to develop a tailored yet flexible solution that takes banks through a robust credit risk management process – from initial scoring of customers and applications, through to ongoing portfolio optimisation.
Specifically, our technology allows you to:
There is no one-size-fits-all solution. Using a platform-based approach, SAS can build you a custom framework which can extend to include a number of products and capabilities.
Typically, our approach features the following two product areas:
Ready to learn more?
Call us at 01628 486 933 (UK) or request more information.
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