As one of the largest commercial banks in Germany, the financial institution offers its customers national and international financial services in the areas of real estate, corporate banking & asset finance, and the conveyor business.
When competing for corporate customers, risk analysts and loan specialists have to assess financing requests quickly while at the same time incorporating a financing structure with a low risk profile. The bank as aiming for an application, as a digital workplace, to support risk experts performing risk analysis, risk assessments, risk approvals and to enable them to respond more quickly to risk-relevant events.
The following scope was identified in the discovery workshops:
In cooperation with the project team of our customer, the business application 'Risk Cockpit' was developed using knowis technology and delivery methodology. Due to the modular architecture approach, existing business components and new components could be composed quickly and securely into a solution custom-made for the credit process. The application was turned into production 5 months after the project kick-off.
The 'Risk Cockpit' is designed to match the bank's business functions and user experience in the preparation and decision-making of credit proposals. Expert views of loan exposures and ongoing processing procedures simplify and accelerate decision-making processes. The application handles data preparation and supports all processes related to analysis, voting, and decision-making. Additional functions simplify collaboration with other units and communication with the customer:
The application also serves our customer as a starting point for system support of requirements resulting from the guidelines of the European Banking Authority (EBA) and in the context of ESG (Environment, Social, Governance), for example in lending according to sustainability criteria.
"With knowis, we have implemented a software solution that digitally maps our existing credit process. This allows us to make credit decisions quickly and securely in new and existing customer business, while minimizing default risks at the same time."
Head of Credit Risk Management of the state bank
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