Prometeia, the global leader in Risk Management consulting and software solutions, announces the release of a new module of its Electronic Credit Application (ECA) Suite. The Early Warning Module is designed to effectively support the monitoring and control of loan portfolios and to implement sound and efficient remedy strategies at counterparty or transaction level.
Prometeia’s ECA brings together a state-of-art position system and a comprehensive reporting tool for managers’ performance measurement into one integrated solution, supporting and improving the early warning management of loans’ credit quality.
“Our aim is to meet the incoming needs of banks required to cope with the effect of economic recession and the uncertainty generated by the sovereign debt crisis,” comments Massimo Pedroni, Head of International Business in Prometeia. “We believe that an advanced early warning system is vital to mitigate the deterioration of credit portfolios: our tool can significantly reduce the probability of counterparties’ default, limiting the economic uncertainty embedded in the origination process. As a side effect, our solution allows to optimize capital requirements and improve the risk-adjusted performance of loan portfolio,” concludes Pedroni.
New functionalities embedded into the Early Warning Module are:
Prometeia’s ECA suite encompasses other features and functionalities related to Early Warning:
ECA Suite is an integrated, workflow driven SW platform, combining powerful computational engines and state-of-the-art risk analytics. Implemented in more than ten countries across EMEA, the platform supports critical decision management and compliance with local and international regulations.
Albaraka Türk has recently upgraded its funds transfer pricing framework in collaboration with Prometeia, a leading provider in risk management t...View article
Prometeia – the global provider of tools and analytics for wealth, asset & risk management – has been selected again for the WealthTec...View article
Prometeia, the leading provider of risk management solutions, and Basinghall Analytics, a quant house focusing on risk modelling, data and regulation,...View article