This presentation showcased an extraordinary success story that revolves around implementing SAS platform solutions, focusing on creating a cutting-edge credit risk model factory. Our winning strategy hinged on seamlessly integrating data, state-of-the-art modeling tools and advanced estimation algorithms. We unleashed unparalleled efficiency by automating critical stages of the model life cycle, including deployment, backtesting and validation report generation. But we didn't stop there. Our relentless pursuit of excellence led us to introduce champion and challenger models bolstered by robust model governance. These groundbreaking enhancements supercharged our development and deployment times and empowered our teams to maximize productivity, enabling us to effectively manage our clients' credit risk like never before. The impact of our implemented models reverberated across the entire credit cycle, revolutionizing credit approval (+10%), expected credit losses estimation (-3.4%) and collection processes. Productivity soared (-80% time reduction in the modeling process), allowing us to navigate the complexities of risk management with confidence.
Presentation slides are attached to this post.
Victor Hernandez Ruiz
Banco Popular - Colombia
