Oliver Wyman & Corridor Platforms Announce Strategic Collaboration to Provide Industry-Leading Credit & Fraud Risk Management...
09 7월 2019 - 10:00PM
Business Wire
Global management consulting firm Oliver Wyman and
industry-leading risk management platform provider Corridor
Platforms today announced a strategic collaboration to provide
solutions to banks and non-bank financial institutions as they
modernize and digitize credit extension, payments and end-to-end
risk management. The collaboration will bring together two
industry-leading capabilities: Corridor Platforms’ innovative,
modular and cloud-based risk management platform which enables
end-to-end credit modeling, loan valuation and real-time policy
execution combined with Oliver Wyman’s distinct expertise in risk
management, including next generation risk analytics, model
development and data/process management.
Oliver Wyman Managing Partner and Head of Financial Services for
the Americas, Michael Zeltkevic, said, “Financial institutions
universally see the potential of big data and digitization to
transform their business, but frequently face practical challenges
to achieve this value. The Corridor leadership have taken a wealth
of first-hand experience and created a unique integrated solution
which enables institutions to make a step change toward the
state-of-the-art analytics in risk and beyond, to truly compete in
the digital banking era.”
Manish Gupta, CEO of Corridor Platforms said, “Oliver Wyman is
the clear industry leader in risk analytics. Building on decades of
experience at the forefront of innovative model development, they
are propelling their clients toward the pragmatic adoption of
advanced techniques and technology. We could not have chosen a
better firm to help clients leverage Corridor Platforms solutions
and create rapid and sustainable financial impact.”
While there are many point solutions that help ingest new data
sources and allow for experimentation with machine learning based
models, the Corridor Platforms solution focuses on how to integrate
these with internal advancements in existing systems, so that
financial institutions can implement new innovations into
production quickly while ensuring compliance and credit quality are
maintained at the highest standards. The solution seamlessly
enhances the efficiency and effectiveness of decisioning across the
customer lifecycle, enabling clients to unlock real business
benefits from their investments in big data and advanced
analytics.
The collaboration is expected to serve customers in a way that
they can fully leverage their own assets and current capabilities
and yet integrate with rapidly evolving open source technologies;
while ensuring the control requirements of a regulated environment
are held to the highest standards.
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With
offices in 60 cities across 29 countries, Oliver Wyman combines
deep industry knowledge with specialized expertise in strategy,
operations, risk management, and organization transformation. The
firm has more than 5,000 professionals around the world who work
with clients to optimize their business, improve their operations
and risk profile, and accelerate their organizational performance
to seize the most attractive opportunities. Oliver Wyman is a
wholly owned subsidiary of Marsh & McLennan Companies [NYSE:
MMC]. For more information, visit www.oliverwyman.com. Follow
Oliver Wyman on Twitter @OliverWyman.
About Corridor Platforms (www.corridorplatforms.com)
Corridor Platforms is a leading provider of proprietary risk
management software. The company’s Credit Decisioning Platform was
created by a team of highly seasoned credit professionals
leveraging the most advanced analytics and big data capabilities.
The core leadership team comprises of senior credit executives with
decades of experience designing, underwriting, pricing and managing
multi-billion dollar lending portfolios through multiple credit and
recessionary cycles. Corridor Platforms Inc. is majority owned by
Corridor Funds LLC with additional investment from EXL Service, a
leading operations management and analytics company.
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version on businesswire.com: https://www.businesswire.com/news/home/20190709005497/en/
Media: Jung Kim +1 646 364 8355
jung.kim@oliverwyman.com
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