Alfa-Bank Automates Model Monitoring with FICO Platform, Cuts Reporting Time by 90 Percent
Highlights:
- Alfa-Bank, the largest universal privately owned bank in
Russia , has used FICO® Decision Central™ to automate monitoring of its predictive models, to meet requirements from theCentral Bank of Russia - Automation of model monitoring has cut report preparation time by 90 percent and improved transparency
- Alfa-Bank has won the 2021 FICO® Decisions Award for Regulatory Compliance
Alfa-Bank, the largest universal privately owned bank in
More information: https://www.fico.com/en/products/fico-decision-central
"Alfa-Bank is using more and more predictive models based on different data types," said Vera Perevitskaya, head of the validation at Alfa-Bank. "Because of this, we implemented FICO Decision Central to make the monitoring of models more transparent and comfortable. We can now prepare the reports nearly two times faster and are fully compliant with
Alfa-Bank also worked with FICO to develop a wide range of custom statistical and qualitative tests covering different types of models, including PD, EAD and LG, for retail and corporate business models, and special tests for low-default portfolios.
"Alfa-Bank has provided an excellent example of how model monitoring should be done," said
"Model maintenance or the model lifecycle is a very hot area in the world of analytics," said
About Alfa-Bank
Alfa-Bank is the largest universal privately owned bank in
According to 2020 IFRS report overall assets of "Alfa-Bank" Banking group including
https://alfabank.com/
About the FICO® Decisions Awards
The FICO Decisions Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2021 judges are:
- Prasanna Dhoré, chief data & analytics officer, Equifax
David Dittmann , vice president, data & analytics, P&G (2019 winner)- René Javier Guzmán, market & liquidity risks director at Banreservas (2019 winner)
Tomas Klinger , decision science and data director at Home Credit (2019 winner)- Marcel Le Gouais, managing editor at Credit Strategy
Tiffani Montez , banking analyst at AiteLisa Morgan , journalist & analyst at InformationWeekIgnazio Provinzano , head of risk operations at Swisscard (2019 winner)
The winners of the FICO Decisions Awards will be spotlighted at and win tickets to FICO® World 2021, the
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in
Learn more at www.fico.com.
FICO is a registered trademark of
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SOURCE FICO
FICO UK PR Team, Wendy Harrison/Parm Heer/Matthew Enderby, ficoteam@harrisonsadler.com, 0208 977 9132