What is Risk Management Software For BanksMarket?
Credit risk management is the process of mitigating the risk due to borrower's inefficiency in paying the credit. It takes customer data, credit scores, its ability to pay, market trends, market conditions and other factors into consideration and calculates the probability of loss. BFSI sectors are focusing more and more on credit risk management owing to increase in number of fraud cases worldwide. and Bigger the amount, higher the risk. Big amount loss may bring severe damage to company as well as a hit to economy, the impact of the same can be analyzed in united states where over 1 trillion dollar amount is at stake which is roughly 5% of the US Economy as of 2018. Hence financial firms put credit risk management in spotlight.
People preference to buy now and pay later
Growing prices of living space increasing credit demand. and Ease of taking credit
Increasing Demand of Better Risk Management Tool to Spans the Whole Life Cycle of the Process. and Better Business Intelligence Tools Providing Right Information to Right People at Right Time
The Players Covered in the Study are:
IBM (United States), Oracle Corporation (United States), SAP SE (Germany), SAS Institute Inc. (United States), Experian PLC (Ireland), Misys Group (United States), Fiserv Inc. (United States), Kyriba Corp. (United States), Active Risk Group plc (United Kingdom), Peg Systems Inc. (United States), TFG Financial Systems (United Kingdom), Palisade Corporation (United States), Xactium Limited (United States), Zoot Enterprises, Inc. (United States), Imagine Software Inc. (United States), GDS Link LLC (United States), Credit Point Software Inc. (United States) and Other
List of players that can be included in the study on immediate basis are Risk Data SA (France) and Resolver Inc. (Canada).