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Early Warning

Our Early Warning and Monitoring solution has been implemented at one of the leading commercial Banks in Hungary.

The main aim of the application is to identify potential problems with transactions, customers and customer groups of different client segments, and to reduce risks via predefined action plans, covering all related tasks of the regular and ad-hoc monitoring. The actual system is based on a Data Warehouse where our Business logic automatically initiates Early Warning signals on completion of various conditions and controls classification processes accordingly. The Workflow system supports Monitoring processes and takes out heavy manual administration by displaying and storing all related information and accompanying documentation.

Apart from covering the local regulatory requirements, the benefit is a better risk overview, less exposures getting into a late payment period and a higher customer retention rate, which altogether results in significant savings for the Bank.