With a portfolio exceeding €125 billion in assets and €40 billion in loans, the French bank serves more than 10 million individuals and nearly half a million legal entities, such as businesses, associations and government agencies.
To fulfill a government mandate of providing short-term lending while managing credit quality, the bank took Accenture’s help to build a cloud-based analytics solution that enabled it to automate risk assessment and protect bank assets, addressing its needs in an aggressive timetable.
The bank was required to provide new financing for local entities, through short-term credits.
The project required a rigorous process, one that would work with multiple data sources and a learning technology released only a month before the mandated start date of the new program.
However, six weeks before launching the new product, the bank lacked effective ways to assess the risks and sought Accenture help.
Accenture rapidly mobilized a team of business intelligence and technology experts who adopted agile methodologies to deliver an analytics solution. The client’s front office then connected to the Accenture cloud service to supply relevant information and initiate applications.
Accenture digital, data and analytics experts, along with financial services and consultants from Avanade, built the cloud-based platform for risk analysis.
The new system enables end users to view key performance indicators and determine if an applicant meets eligibility requirements. The repository of accounting data is accessible via the cloud, as are rating tools and solvability indicators, which are calculated from multiple sources.
The solution enables the bank to maintain records for each financing operation through a built-in authorization module. The functionality is accessible to declared users such as salespeople and risk analysts.
Accenture helped develop and deploy the tool for the bank on time, meeting an aggressive project timeline. Ten days after start-up, the system was handling upwards of 300 loan applications worth more than €250 million.
The tool allows each end user to access detailed information, fill in forms, store data and review risk-related indicators. “This is an ideal solution for organizations looking for analytics services with a quick time to market,” the chief risk management officer of the bank said.