RISKSECURE™ Knowledge and Training Center
Knowing your customers credit score/profile daily is useful in determining whether or not you should increase or decrease a customers current limit at any point in time, in line with his/her current financial status and behaviour. RISKSECURE™ has even built in notification systems to advise you on client movements both positive and negative. RiskSecure gives you an alert on old, and new accounts to monitor or investigate.
Additionally, you'll know whether or not the score change will affect an interest rate or limit that you may have given on a new loan- since having higher credit scores means better interest rates and credit limits granted, and vice versa.
the client ,never daily.
Data analysis is a central feature of data-based customer management. It can generate accurate predictions of opportunity and risk, which allow customer relationships to be entered into and developed in a safer and more profitable way.
Scoring is an analytical forecasting and grading assessment procedure which calculates the probability of any individual customer displaying a particular form of behaviour that you want to know about: It can predict whether a customer requires a credit increase or decrease, thus ensuring all customers at all times have the most appropriate limits. This saves the banks a lot of time and money. Traditionally banks perform reviews yearly, every 3 months etc depending on the risk classification of
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Anti Money Laundering Solution
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Data Integrity Module
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