This engine is the core software component of Credience Corporation's software solutions. By applying a range of sophisticated modeling techniques, Probability of Default (PDs) can be calculated for each account, leading to Exposure At Default (EAD) and Loss Given Default (LGD) models.

The Expected Loss (EL) can then be calculated for portfolio risk management, as well as estimating Unexpected Loss (UL) and Expected Shortfall (ES). Market risk concepts are adapted to Credit risk to be able to model these within various Value at Risk (VaR) and confidence intervals. Numerous Model Validation techniques are embedded such as Reject Inference, Bagging and Boosting, Portfolio Calibration, Stress Testing and much more.

The fact that this is all automated and designed to global Basel II standards will ensure you have peace of mind in your credit scoring and risk management compliance. Reports on model performance help determine when a model needs to be re-calibrated or re-built from scratch.

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