MUMBAI, INDIA: Qlik- a visual analytics platform- announces the news of getting selected by Moody’s Analytics- a credit analytics and data provider- for its RiskBench solution, an online global credit risk data community and data discovery app platform providing in-depth analytics and peer insight.
RiskBench solution benchmarks and estimates default and recovery risk. The peer analytics and data visualization capabilities provide benchmarks for deep evaluation of credits.It helps business management, credit professionals, and executives have immediate access to powerful data and analytics for decision making, root cause analysis, and management reporting. RiskBench has the ability to aggregate large amounts of data on borrowers for peer benchmarking and risk assessment while exploring untapped markets by industry or region for a better understanding of credit risks and opportunities
RiskBench is built in partnership with more than 80 leading financial institutions worldwide, contains 85 million financial statements on over 17 million borrowers and over 1.8 million private company defaults.The solution is a combination of Moody’s Analytics global data assets and credit risk models with data visualization technology powered by Qlik Sense, enabling risk professionals to model and calculate impairment provisions required under the IFRS 9 and CECL accounting standards. Qlik Sense visualizations summarize the loss estimates calculated by Moody’s Analytics credit models. Exploring untapped markets by industry or region for a better understanding of credit risks and opportunities
“Through its visual and interactive dashboards, our RiskBench solution empowers all users – from risk analysts to executives – to monitor and benchmark the performance of commercial loan portfolios against relevant peers,” says MehnaRaissi, Senior Director, Enterprise Risk Solutions, Moody’s Analytics. “Qlik Sense simplifies our ability to provide the highest level of customizable insights to our customers, allowing them to view portfolios metrics quickly, compare benchmarks and adapt to our evolving industry.”