Credit Risk Decisioning

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. 

Why Modernise?

Many credit providers still use outdated legacy systems, which pose operational challenges and struggle to keep up with growing consumer demands.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. 

What is the CDS?

The CDS is designed to make the credit decision processes smoother, smarter, and more scalable. We have merged our deep understanding of Credit Risk with Pega’s advanced decisioning technology modernizing the way in which Credit Risk services operate and function. Users will have access to components such as Credit Decision or Responsible Lending but also innovative Credit Risk dashboards, Simulation, Reporting and Data migration capabilities. These in-built features offer lenders the ability to visualise, analyse, and monitor their live production environments in real time.

Key benefits of the CDS

Our Credit Decision Service (CDS) framework offers:

  • Advanced Simulation: Test and validate credit policies before deployment.
  • Real-time Monitoring: Immediate insights into credit portfolio performance.
  • Regulatory Compliance: Industry-standard reports for transparency.
  • Streamlined Data Migration: Seamless data transfer for detailed analysis.

Case Study

Alfam needed to migrate their credit risk decisioning capability from a legacy Chordiant Decision Manager solution to a modern decisioning platform

We supported Pega Consulting on the initial implementation of the Pega platform, then moved to leading the migration. 

•12 headless services on Pega 8 
•Scenario simulation capabilities. 
•Scalable decisioning framework. 
•Reporting & analytics. 
•Credit policies optimization 
•Champion/challenger rules. 
•Governance and Target Operating Model 
Clients saw 85% of loan processing become automated, and a 90% reduction In loan processing time

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