Credit Risk Decisioning systems are crucial for evaluating the creditworthiness of borrowers. By leveraging data like credit history and repayment capacity, these systems ensure responsible lending and are integral to the credit lifecycle. Modernising these syestems can significantly enhance their accuracy and efficiency, giving credit providers a competitive edge.
Many credit providers still use outdated legacy systems, which pose operational challenges and struggle to keep up with growing consumer demands. Modernising these systems is vital to maintaining responsible Lending practices, ensuring customer satisfaction, and meeting regulatory requirements. Failing to do so can result in financial losses, reputational damage, and regulatory penalties.
Our Credit Decision Service (CDS) framework offers:
We supported Pega Consulting on the initial implementation of the Pega platform, then moved to leading the migration.
