Given the fast-paced fiscal environment that we live in today, financiers would benefit greatly from an Early Warning System (EWS) that can predict credit default beforehand. Studies show that comprehensive and efficient EWS systems can help financial institutions predict defaults 3 to 6 months in advance. More importantly, it can also save them an average of $10 million annually.
This white paper covers:
The what, how, and why of a financial EWS
Drawbacks of traditional financial risk monitoring and how technology addresses these challenges
Components needed for an agile and efficient EWS
Factors preventing widespread adoption of EWS systems in the financial services industry today... and much more