Moody’s Analytics, a global provider of financial intelligence,
announced today that Johannesburg-based Standard Bank Group has selected
the Moody’s Analytics CreditLens™
solution to digitize and automate its credit processes. Built on the
latest cloud-based technology, the CreditLens platform helps financial
institutions digitally transform their commercial credit processes to
make faster and better-informed credit decisions.
With $148 billion in assets, Standard
Bank Group is the largest bank in Africa by that measure. It offers
banking and financial services across 20 countries in sub-Saharan
Africa. This extensive footprint is part of what led the bank to pursue
a cloud-based platform.
“It was becoming less and less efficient to have our systems on premise
across so many segments and regions, so the idea that the CreditLens
platform will always be up to date with product enhancements pushed
through the cloud is extremely appealing to us,” said Gordon Turnbull,
Head of Credit for Business Customers at Standard Bank Group. “It is
also critical that our chosen solution gives us the flexibility to use
our own in-house models for risk ratings, which the Moody’s Analytics
product does.”
The bank will use the CreditLens solution to automate key components of
its credit function, including data ingestion and workflow. Using the
solution’s cloud-based functionality, the bank’s vision is ultimately to
provide nearly instantaneous credit decisioning from front-line staff,
anywhere in the field.
“We are delighted to help Standard Bank Group transform their credit
infrastructure with modern architecture and cloud technology,” said
Elaine Wong, Head of Credit Assessment and Origination at Moody’s
Analytics. “As Africa’s largest bank and a standard-setter in financial
innovation, Standard Bank Group is particularly poised to benefit from
the flexibility and configurability of the CreditLens platform in
supporting a faster, better decision process.”
Click
here to learn more about the Moody’s Analytics CreditLens solution.
About Moody’s Analytics
Moody’s Analytics provides financial
intelligence and analytical tools to help business leaders make better,
faster decisions. Our deep risk expertise, expansive information
resources, and innovative application of technology help our clients
confidently navigate an evolving marketplace. We are known for our
industry-leading and award-winning solutions, made up of research, data,
software, and professional services, assembled to deliver a seamless
customer experience. We create confidence in thousands of organizations
worldwide, with our commitment to excellence, open mindset approach, and
focus on meeting customer needs. For more information about Moody’s
Analytics, visit www.moodysanalytics.com.
Moody’s Analytics, Inc. is a subsidiary of Moody’s Corporation
(NYSE:MCO). Moody’s Corporation reported revenue of $4.4 billion in
2018, employs approximately 13,100 people worldwide and maintains a
presence in 42 countries.
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