Moody’s Analytics Releases New Version of RiskOrigins™ Credit Risk Lifecycle Solution for Commercial Lenders
August 03 2015 - 8:30AM
Business Wire
Moody’s Analytics, a leader in credit risk management, today
announced that it has enhanced its RiskOrigins solution, which
provides credit decisioning and monitoring for commercial lenders.
Among the enhancements are a new collaborative workflow model and
deal structuring functionality, which help lenders make smarter
credit decisions, streamline the complex process of assessing
credit risk, improve efficiency and comply with regulations.
“In today’s environment of low margins and increased
competition, banks need to work smarter and more efficiently than
ever – especially when it comes to evaluating credit,” says Keith
Berry, Managing Director of Credit Assessment and Origination at
Moody’s Analytics. “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.”
Used by some of the world’s largest financial institutions in
over a dozen countries, the RiskOrigins solution gives lenders
greater insight into deals on their books, or in their pipeline,
and illuminates potential impact on an institution’s overall credit
profile.
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 that
financial institutions face in efficiently capturing deal data and
defining risk mitigants at loan origination.
Moreover, the RiskOrigins 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 meet compliance challenges with
confidence.
“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 like
RiskOrigins to standardize and simplify operations,” says Joanne
Pollitt, Executive Advisor at CEB TowerGroup, which provides
counsel to financial services leaders on the technology issues that
are most important to their businesses. “We foresee strong,
sustained growth in demand for these systems in the years
ahead.”
For more information about the RiskOrigins solution, please
visit www.moodysanalytics.com/riskorigins.
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management
professionals worldwide respond to an evolving marketplace with
confidence. The company offers unique tools and best practices for
measuring and managing risk through expertise and experience in
credit analysis, economic research and financial risk management.
By providing leading-edge software, advisory services and research,
including proprietary analyses from Moody’s Investors Service,
Moody’s Analytics integrates and customizes its offerings to
address specific business challenges. Moody's Analytics is a
subsidiary of Moody's Corporation (NYSE:MCO), which reported
revenue of $3.3 billion in 2014, employs approximately 10,000
people worldwide and has a presence in 33 countries. Further
information is available at www.moodysanalytics.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150803005282/en/
Moody’s AnalyticsPRANITA SOOKAI, 212-553-4181Associate
Communications Strategistpranita.sookai@moodys.com
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