To help personalise content, tailor your experience and help us improve our services, Bisinfotech.com uses cookies.
By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

Moody’s Analytics opts Qlik for its Risk Management Assessment Solution

Qlik Logo

Qlik has announced that Moody’s Analytics has selected Qlik for its RiskBench solution; which is an innovative online platform for benchmarking and estimating default and recovery risk.

The latest deployment is known to address Moody’s Analytics major challenge faced in the financial industry – the ability to aggregate large amounts of data on borrowers for peer benchmarking and risk assessment.

Qlik Sense is touted to enable Moody’s Analytics to share visual dashboards illustrating credit benchmarks and risk measurement indicators for deeper evaluation and understanding of the borrowers’ creditworthiness. In addition, the RiskBench platform allows users to slice and dice the aggregated data by many different variables – such as asset size, region, and industry – to provide unrivalled insights to better assess risk profiles.

“Through its visual and interactive dashboards, our RiskBench solution empowers all users – from risk analysts to executives – to monitor and benchmark the performance of commercial loan portfolios against relevant peers,” said Mehna Raissi, Senior Director, Enterprise Risk Solutions, Moody’s Analytics. “Qlik Sense simplifies our ability to provide the highest level of customizable insights to our customers, allowing them to view portfolios metrics quickly, compare benchmarks and adapt to our evolving industry.”

The RiskBench platform enables risk professionals to model and calculate impairment provisions required under the IFRS 9 and CECL accounting standards. Qlik Sense visualizations summarize the loss estimates calculated by Moody’s Analytics credit models.

“Financial institutions are turning to Qlik more than ever for assistance in aggregating large amounts of disparate data that can then be turned into actionable insights for key decision makers,” said Paul Van Siclen, Director of Industry Solutions, Financial Services. “Qlik’s platform approach to business analytics is transforming firms’ ability to manage risk, maximize growth in profitability and improve customer relationships.”

Powered by Qlik Sense, the RiskBench solution is sought to combine Moody’s Analytics global data assets and credit risk models with data visualization technology enabling credit market participants to improve monitoring of portfolio risk, to evaluate market expansion opportunities, and to estimate expected credit losses.

Tags
Show More

BiS Team

BIS Infotech is a vivid one stop online source protracting all the exclusive affairs of the Consumer and Business Technology. We have well accomplished on delivering expert views, reviews, and stories empowering millions with impartial and nonpareil opinions. Technology has become an inexorable part of our daily lifestyle and with BIS Infotech expertise, millions of intriguers everyday are finding for itself a crony hangout zone.

Related Articles