Accenture helped this Italian bank develop a credit monitoring model that makes its overall risk management much more sophisticated—a key ingredient of high performance for banks in the wake of the recent financial crisis.
The client is the Italian subsidiary of a major European banking group. It provides retail banking services to individuals, and small and medium-size enterprises.
In an effort to improve its market rating, the bank needed to create a credit monitoring model that would let it assess the risk profiles of its clients more accurately, and thus reduce the number of loan defaults. In financial markets—particularly now—the ability to manage risk effectively is a key ingredient of high performance.
The bank turned to Accenture for assistance in developing the necessary methodology and algorithms. Accenture had worked with it previously on IT and systems integration projects and offered mature risk management skills.