Monday, 22 April 2024

Best Credit Risk Technology Implementation goes to Smoke Index by Bank of Beijing

5 min read

By The Asian Banker

This bank’s groundbreaking creation of an advanced risk detection index uses a data-driven approach with internal and external data sources. It provides proactive risk monitoring and warning in various scenarios, sending smoke signals as early as 10 months in advance. 

By analysing over 400 billion data entries, the bank successfully detected $10.2 billion in suspicious credit activities and prevented $1.4 billion in potential losses by the end of 2022.   

For its commitment to innovation and remarkable results in credit risk management, the award for Best Credit Risk Technology Implementation goes to Smoke Index by Bank of Beijing. 

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