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 $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.
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