Digital banks are no different than other banking institutions when it comes to risk management. With the threat of different risks looming large on digital banking sector, we, In this blog, will explore the various risk management strategies that digital banks must utilise to protect their customers and remain compliant.
In light of recent news featuring economic hurdles like surging inflation, unpredictable interest rates, and shifting market dynamics, the focus on long-term sustainability has gained paramount importance. Credit risk, which refers to the possibility of borrowers failing to meet their loan obligations, stands out as a substantial risk for lenders, carrying the potential for significant financial setbacks. Consequently, the precise assessment and proficient handling of credit risk are now indispensable for fostering a robust lending ecosystem.
Analysis of massive datasets manually can be time-consuming and inaccurate in today’s environment. As a result, data-driven decisions in the financial sector are increasingly being made using AI. In this blog we will look at the impact of predictive and prescriptive analytics in the financial sector.
Corestrat is pleased to announce that it has been recognized by the Singapore FinTech Association (SFA) as a certified FinTech. Corestrat has been awarded the SFA FinTech Certificate for its contribution to improving and automating the delivery of financial services to end users, businesses, and financial institutions.
Corestrat’s Intelligent Decision Studio provides banks with the advanced analytics, insights, and monitoring capabilities they need to stay ahead of the competition, remain compliant with regulations, meet customer demands, manage risk effectively, and detect and prevent fraud. Learn more about how Corestrat’s IDS can help banks improve their existing process and maximize their potential.
Decision intelligence is the next evolutionary stage of BI, designed using AI that considers previous and present data for future predictions and recommendations. Implementing decision intelligence can help organizations become more agile and collaborative. Read more here…
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