RMA and Finastra improve commercial banking risk assessment through dual risk rating
Finastra adds RMA Dual Risk Rating scorecard capabilities to the Fusion CreditQuest commercial lending solution
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LAKE MARY, FL, April 21, 2021 /PRNewswire/ The Risk Management Association (RMA) and Finastra today announced a strategic initiative to advance commercial banking risk rating frameworks for US financial institutions. Through this partnership, RMA Dual Risk Rating scorecards will be available through – and fully integrated with – Finastra s Fusion CreditQuest commercial lending platform.
(PRNewsfoto/Finastra) Given the role of small and mid-sized enterprises in upholding our economy, it is more critical than ever to ensure SMEs have access to lending – and that the commercial banks serving them implement RMA Dual Risk Rating scorecards to effectively assess their borrowing ability, said RMA President and CEO Nancy Fost