Monitoring Credit Decision Models

What are the problems
the bank faced

A Global Tier 2 Bank has 350 credit scoring models that are used in 30 different countries. The bank has a dedicated central team who manages the periodic validation and monitoring of these models. Their model validation and monitoring processes before Chiron App integration were very time-consuming, error-prone and unstructured.

Our Solution

The bank opted for a SaaS installation of Chiron App. They used Chiron App to automate the monitoring of their credit scoring models which has led to:

  • 5x faster process thanks to automation
  • All data and reports are centrally managed which reduced the error rate to zero
  • All detected model issues are fully reproducible, leading to better models

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