Discover the Value of Credit Risk Transformations and The Role of AI
To shed light on the state of credit risk transformations and all of the associated challenges, SAS and the Global Association of Risk Professionals (GARP) in July 2022 surveyed roughly 300 credit risk executives and practitioners from a globally distributed sample of financial institutions. As banks seek continued progress in their credit risk transformation journey, the insights gathered by SAS and GARP reveal the obstacles they face. Key areas addressed by the survey, and detailed in this report, include; the business objectives of credit risk transformation, the scope and challenges of credit risk transformation, and what’s next for credit risk managers.
Report Snap Shot
In a time of great economic uncertainty, geopolitical threats, escalating inflation, and a supply-chain crisis, banks are undergoing major credit risk transformations (CRTs) to improve their credit risk modelling and decisioning capabilities. Download the GARP whitepaper, commissioned by SAS to learn more.