Regions deploys early-warning tool for credit risk
Risk USA: system alerted US superregional to impending defaults during Covid crisis
When Regions Bank made the decision to deploy a new credit risk modelling tool in early March, it had little idea how canny its timing would prove. The system – which sends signals to the bank’s risk and relationship managers that all might not be well with a client’s loan performance, based on observed historical behaviour patterns – went live the week that Covid-19 cases began to spiral in the US.
That put the superregional, based in Birmingham, Alabama, on the front foot when actively
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