Highlights:
Alfa-Bank, the largest universal privately owned bank in Russia, has used FICO® Decision Central™ to automate monitoring of its predictive models, to meet requirements from the Central Bank of Russia
Automation of model monitoring has cut report preparation time by 90 percent and improved transparency
Alfa-Bank has won the 2021 FICO® Decisions Award for Regulatory Compliance
Alfa-Bank, the largest universal privately owned bank in Russia, has used FICO® Decision Central™ to automate monitoring of its predictive models, in order to meet requirements from the Central Bank of Russia. The project has reduced report preparation time by more than 90 percent, created complete transparency into model performance and recommendations for improvement, and will help the bank qualify for an internal ratings-based (IRB) approach to Basel II, which should reduce the capital the bank needs to set aside on loans. For its achievements, Alfa-Bank has won the