Here's a new tool for the BFSI to evaluate credit risk

NEW YORK, USA: Moody’s Analytics, a provider of credit risk management has enhanced its RiskOrigins solution. The solution provides credit decisioning and monitoring for commercial lenders.

The solution’s new workflow model streamlines the credit risk lifecycle by improving and automating error-prone manual procedures such as spreading and risk grading, monitoring covenants and managing the bank’s risk appetite.

In addition, its deal structuring functionality addresses the challenges in efficiently capturing deal data and defining risk mitigants at loan origination.

Moreover, the solution helps standardize information from disparate sources to enhance data integrity and governance, which are becoming hot-button issues with banking regulators. By enforcing transparent, repeatable and auditable processes, the RiskOrigins solution helps lenders incorporate best practices into their operations and to meet compliance challenges.

“We’ve enhanced our RiskOrigins solution to go beyond traditional loan origination and help lenders make smarter credit decisions, which can help improve underwriting quality, increase deal throughput and boost profitability,” said Keith Berry, Managing Director, Credit Assessment and Origination, Moody’s Analytics.

“The banks we talk to expect to increase spending for commercial lending technology more than for other systems, and are focusing on adopting modern, integrated commercial lending platforms to standardize and simplify operations,” said Joanne Pollitt, Executive Advisor, CEB TowerGroup.