A retail credit department of an international bank initiated a project to update and implement the new definition of default as per recent ECB guidelines. In the first step model development datasets and initial reporting needs to be set up and in a second step models will be redeveloped and implemented in the reporting production systems.
Infotonomy supports the program owner and team with in-depth regulatory knowledge and experience in the area of models, data, IT and stakeholder management. The latter is especially relevant considering the complexity due to dependencies with other change programs.
Infotonomy will deliver a vision on the redevelopment of models and priorities in the implementation and will ensure quality control for related policies, processes and system changes.