Large Australian Bank Capitalizes on Regulatory Efficiency

Client: Large Australian Bank

Challenge: Bring efficiency to the regulatory process by reducing the amount of time spent monitoring, documenting and identifying deteriorating models.

Solution: FICO^® Model Central™

Results: This bank estimates it will reduce costs by US$ 8 million annually by reducing the amount of time spent producing, auditing, validating and tracking reports, and by reducing the amount of losses from charge-offs occurring as a result of model degradation.