rt360 Credit Risk Suite
Holistically observes borrowers at different check points over the loan lifecycle, rather than taking a point-in-time approach
Enabling the roadmap to a healthy asset book
Financial institutions across the globe are rapidly adopting a technology-led approach. Digital enablers are helping them enhance their reach and achieve better financial inclusion for the underserved segments of the economy.
Today, technology-enabled digital lending channels, such as internet sites, ecommerce platforms, fintech companies & lending apps, are widely used to select and deliver loan products to the customers; for instance, automated scorecards to approve/reject home loans. They come with numerous advantages, like short turn-around times and wider reach, thereby helping financial institutions to rapidly expand the book-size while keeping the cost of acquisition low.
This has led to a surge in digital transactions, calling for changes to the way we approach credit risk today.
High volumes of transactions
Traditional, manual credit monitoring of borrowers becomes laborious and redundant
Requirement of real time monitoring
of transactions and customers, without which it may be too late to prevent loss even if the perpetrator is identified
Sophisticated digital frauds
Rising crime includes deftly executed fund diversions that make recovery near-impossible
Need for newer sources of borrower information
External data points that have a bearing on creditworthiness of borrowers have to be analyzed
A cost-effective, automated technology-driven mechanism that helps financial institutions monitor credit portfolios effectively.
The rt360 Credit Risk Suite addresses risk practitioners in banks and other financial institutions involved in lending/investment decisions relating to building the banking book. It enables lenders and portfolio managers to have tighter control over their asset book at all times, at any point in the loan lifecycle. It consists of various business services available in a highly de-coupled/modular form.
Risk Management as a Service
Enabled through state-of-art microservices architecture
Flexible deployment modes
Cloud-ready architecture tuned for on-premise/cloud/hybrid models
Supported by DROOLS-based rule engine to route alerts/cases as per the escalation hierarchy of the bank for time bound closure
Compatible with standard mobile formats for Android and iOS across form factors
Best-in-standard reporting for management review & regulatory purposes
Horizontally and vertically scalable to meet increase in volumes and users
Single platform for actively managing credit risk
- Not just at the time of sanction but throughout the life cycle of the loan, from origination to monitoring till recovery
- Saves time and effort on integration costs and multi-vendor interactions
Functional decomposition gives financial institutions flexibility
- Flexibility to keep adding or dropping services steadily
- No disruption or risks to existing business services
Flexible pricing models
- Both capex and opex models depending on financial institutions’ preferences
Highly modular, allowing financial institutions to select services as per:
- Risk appetite or management priorities
- Regulatory guidelines, technology readiness, and so on
Always-on to detect early warning signs of incipient credit fraud or stress
The ‘rt360-RAROC Calculator’ is a product that enables risk-based pricing & capital allocation.
rt360 – Expected Credit Loss is an integral part of the IND AS 109 product suite that helps bank assess any significant increase in credit risk
rt360 Early Warning System
Identify credit risks proactively leveraging end-to-end predictive analytics.
rt360 Model Risk Management
Global regulators in recent times have paid an increasing attention to managing risks arising from extensive use of models in decision making.
rt360 Asset Liability Management
Growing regulatory mandates by the Bank of International Settlements’ (BIS) demand automated systems for robust asset-liability management.
rt360 RAROC Calculator
As you focus on credit growth for your bank, capital allocation and pricing is critical to maximizing profitability and driving sustainable growth
rt360 Expected Credit Loss
With the introduction of the global International Financial Reporting Standards-9 (IFRS 9) and its equivalent Indian Accounting Standards (IND AS) 109, financial institutions are adopting scientific methods for computing credit losses.
rt360 is a risk management product suite to manage the entire risk portfolio of banks and financial institutions that includes credit risk, capital allocation, pricing risk, liquidity risk, model risk and operational risk.
rt360 is designed by bankers, risk practitioners and technology specialists with a Business First, Technology Next approach, empowering banks and financial institutions to focus on their credit growth and profitability while managing their risks. The product is fully designed and made in India to address the complexities of the financial sector globally. The suite comprises of five distinct products to manage each of the risk portfolio.