BizData provides a pre-built solution that addresses the need to manage risks associated with default or delinquency and manage reserves accordingly.
A major Financial Services organisation needed the ability to monitor and forecast reserves on a daily basis but faced challenges in processing the volumes of data and the complexity of business rules required to introduce rigour into the process.
The BizData Risk Reserve Model features:
- Ability to rapidly change assumptions
- Ability to handle large volumes of data in the forecasting process
- A central model which integrates actuals, forecasts, assumptions and a complex set of business rules
- A cyclical process, automatically producing periodic forecasts at the touch of a button to measure reserve movements and NBDC (Net Bad Debt Change).
- An online interface that enables stakeholders to review the latest reserve movement and NBDC forecasts and variances to benchmark plan.