Business Challenge story
With the continued growth of its corporate and investment banking services, ABSA Corporate & Investment Banking, member of Barclays, required an integrated platform that could present a single, accurate view of counterparty credit risk, and meet the needs of the business, its clients, and its regulators in South Africa.
The ABSA CIB team worked with IBM to build a solution that aggregates all limits and exposures to provide a single trusted view of risk for its South African operations across industry segments, banking products and trade products.
Time taken to produce a single view of risk has been reduced by 85 percent, significantly improving credit productivity and risk management. Two full-time employees in the operations team have been able to move from manual data capture into more valuable duties. In total, the solution will generate USD2.3 million in net present value at an internal rate of return of 51 percent.
- Algorithmics Integrated Market & Credit Risk
- Banking: Risk & Compliance