IBM Cognos Analytic Solution Targets Improved Credit Rating Insights
Cognos, an IBM company, has unveiled analytic software designed to provide retail banks with complete access to credit risk information across their loan portfolios.
The many challenges facing the financial services industry today can be attributed to poor credit risk decision-making. While risk management is a key component of most banks, in many cases, critical risk information is siloed and locked up in disparate data sources, making it difficult for banks to gain a 360? view of enterprise risk information in order to properly forecast risk exposure and monitor the day-to-day performance of current loan portfolios.
IBM Cognos 8 Banking Risk Performance – Credit Risk is a packaged business intelligence (BI) application that the company claims gives bank executives and risk managers an immediate, up-to-date and comprehensive view of their credit portfolio across products, geographies and business units.
Built on an open, services-oriented architecture platform, the new solution plugs into an organisation’s existing technology environment, which is designed to let users tap into their credit risk data housed in financial, core lending and other administrative systems to gain an accurate, up-to-date understanding of loan performance and its current and long-term effect on profitability.