Creditinfo Decision to Use and Re-sell the new Modeller Software
Modeller – build powerful predictive models
This recently released solution is a fully integrated predictive model system development environment. This solution builds on 25 years of experience with DSS its predecessor and incorporates many new features required in today’s environments;
• CHAID for multiple model analysis,
• Boot Strapping function for those Basel II requirements
• Audit and documentation
• Dual Interface for “pre-defined model framework” for new users and “free-format” for experienced developers
The combination between Paragon and Creditinfo Decision
With the utilization of a variety of regression techniques and the ability to model different outcomes, Modeller software enables Creditinfo Decision to develop all kinds of scorecards including good/bad, behavior, marketing, collection, churn, turnover and activity models. For credit providers that wish to develop models internally but retain the structured approach of an external provider Modeller provides a unique audit trail throughout the scorecard development process, backing up the groups settings, model specification, model log and any reports produced for that model. These features are ideal for Banks that require transparency and accountability in the Basel II environment.
Modeller will be used to develop the credit bureau suite of scorecards Creditinfo Predictor which is used by 1000s of lenders across Europe.
As Paul Randall, the Managing Director of Creditinfo Decision said, “The combination of substantial knowledge in risk management consultancy from Creditinfo Decision, and flexible Modeller software from Paragon will provide an excellent partnership. It will enable us to meet the needs of clients that wish us to develop models in an open and consultative way for them, but also provide a flexible but well audited tool to those organizations that wish to develop models in-house.” Furthermore, Jalal Khoylou, director of Paragon explained that “the Creditinfo Decision endorsement of our Modeller software demonstrates our leading position in the provision of scorecard development software. We are also excited about the potential for Creditinfo Decision to provide our software to these additional fast developing markets.”
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About Creditinfo Decision
Creditinfo Decision is a specialist risk management consulting firm which, on one side specializes in the development of risk models directly with financial institutions; on the other side has partnership with the Creditinfo Group companies in emerging and small credit economies.
The product and services Creditinfo Decision is providing could be divided into three sections: decision modeling providing model development for scorecards, Credit Bureau scores and ratings, and risk estimates required for Basel II IRB; decision consultancy which offers tailored advice to specific needs; decision monitoring to manage, report and interpret data.
Paragon is British company based in London, specialising in business solutions for the credit and risk industry. As the first and foremost software development company in this area, Paragon has substantial experience of scorecard building and more importantly predictive modelling software. Its clients include: Barclaycard, Lloyds Banking Group, Royal Bank of Scotland, The Cooperative Bank, and Ulster Bank.
Paragon has supplied credit management software and specifically, predective modelling software since 1992. Paragon remains dedicated to this area of the business and the newly released predictive modelling tool, Paragon Modeller offers a far superior tool for modelling risk. Paragon also provides decision engine systems for use in application processing and behavior scoring/strategy management implementations.