Jakarta, 03/20/2014 -
Bosch Software Innovations is also delighted about the award for BII: “We congratulate BII and are proud that our technology was able to contribute to their success at the IDC-Financial Insights Innovation Awards,” said Thomas Jakob, Managing Director of Bosch Software Innovations with responsibility for the Asia-Pacific region.
Significant increases in efficiency for rating systems
The centralized risk rating system used by BII enables the bank to create rating models that meet the Basel II IRB standard, resulting in impressive efficiency gains: “By using the system, we managed to improve the throughput time of rating decisions by 300 percent,” explains Leonardi Widjaja, who heads the Risk Management department in his role as Senior Vice President. “In some areas, the amount of work involved has gone down by as much as fifty percent.”
Graphical modeling of rating models a key feature
What the BII decision-makers liked most of all about the Bosch software was the ability to graphically implement the rating models, making it easy to adapt them quickly and flexibly to changed circumstances – and with no programming skills required. In addition, they were impressed by the comprehensive simulation options that now allow the bank to forecast the effects of changes in market-specific parameters on its credit portfolio.