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| Successes |
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Our client success stories demonstrate
how Credience helps companies achieve their business goals through
forward-looking solutions for Enterprise Risk Management (ERM). The staff at
the Credience Corporation have worked at leading international banks and
financial institutions which include;
- ANZ Banking Group
- Commonwealth Bank
- AMP Limited
- Clydesdale Bank
- Yorkshire Bank
- Bank of New Zealand
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- National Australia Bank
- MLC Limited
- CGU
- Essanda Finance
- Great Western Bank
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Our staff have been heavily involved in Basel II modelling, as shown in these case studies.
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| Case Studies |
| ANZ Banking Group |
Mortgage Portfolio VaR Stress Testing
Prior
to our involvement, ANZ Group Risk Management was taking over 12
hours to simulate its mortgage portfolio using Monte Carlo Simulation. Not only was this a time consuming process, but it also consumed priority IT resources. Credience
staff were able to use clever optimization and numerical
analysis algorithms and techniques to cut this time down to under two
hours. Our
approach also shed more light onto estimating ANZ's value at risk
(VaR), further facilitating Basel II capital adequacy benefits.
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National Australia
Bank |
Risk Score Replacement Project
Credience
staff were involved in implementing Australian Prudential Regulatory
Authority (APRA) requirements to migrate from the traditional scorecard
approach to the Basel II IRB approach. The PD and LGD scales were
subsequently more accurate, allowing the NAB to be more strategic in
its credit risk management practices. This work involved a great deal
of PD, LGD and EAD stress testing and model calibration, further
ensuring that the models were statistically robust.
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| Contact Us |
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To arrange for a demonstration or speak with our sales staff, please Contact us.
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| Support |
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To report an issue with our products or ask a question, please reach Support.
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| Solutions |
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To view our solutions, visit Solutions.
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