FACT-CRS, a new integrated tool to analyse and manage credit risk, has been positively received by the global credit risk community, the company said.
FACT-CRS aims to streamline credit processes and liberate analysts’ time, and evolved directly from customer demand, the company said. Clients of BvDEP’s bespoke solutions recognized how their solutions could help them with Basel II compliance. BvDEP developed this concept further and FACT-CRS now exists as a product that incorporates models from Fitch Ratings, financial data from BvDEP’s product range with software that automates credit procedures, scoring and modelling while offering flexibility in its parameters and execution, the company said.
“Basel II is currently an issue for every financial institution,” said Claude-Vincent Gillard, head of BvDEP’s customized solutions. “Our knowledge of customers’ needs has helped us create and develop FACT-CRS. It goes a long way to solve the implementation of a structured credit procedure, and it’s easy to build models, audit and administrate. Customers can also get instant overviews of their credit risk and exposure.”
FACT-CRS is the result of an alliance between Bureau van Dijk Electronic Publishing (BvDEP), one of Europe’s leading publishers of electronic data, and Fitch Risk, a global provider of risk management solutions. It was presented at a series of road shows which ran from March to May this year, the company said.