Credit Risk Modeling Services

Risk is undoubtedly an inherent part of the business for banks and other financial institutions. But analyzing credit risk enables global banks and other financial organizations to identify and segregate high-risk profiles from low-risk ones to maximize their recoveries, minimize collection efforts and costs, reduce bad debts, and ultimately maximize profitability. Traditionally, credit risk modeling was based on the assessment of behavioral patterns of the profiles in terms of payment history, current debts, the average length of credit history, etc. Depending on this analysis, the FICO score was allocated to a person to determine whether or not they are suitable for a loan and its optimum rate of interest. The rise of big data, mining, and data analytics have been game-changers in the industry, allowing organizations to significantly improve and digitalize credit risk modeling and management.

Flatworld Solutions (FWS) is one of the most reputed companies in the world to offer credit risk analytics and modeling services using advanced intelligent systems for data science and analytics. We enable organizations to accurately assess credit reports and applications and analyze their payment history to score the person based on their probability of default. We help banks and other financial institutions in mitigating all their lending risk factors by using the most fitting combination of technology and human expertise, allowing us to develop a robust framework for risk management.