RWE signs up to Raft
RWE, the German utility company, has signed up to use Raft’s credit risk management technology, Raft Credit. Raft International, the London-based risk technology company, did not disclose the size of the contract.
The Raft Scoring module will allow RWE to evaluate a counterparty on relevant criteria in order to score and calculate credit limits and the Raft Legal component will provide the company with a central repository of all legal documentation.
Earlier this month Baltimore-based Constellation Energy also signed up to use Raft’s technology.
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