(MENAFN- The Peninsula) The Commercial Bank of Qatar is now using Experian's PowerCurve Strategy Manager with advanced analytics to help deliver large scale portfolio growth for its retail consumer business.
The investment in PowerCurve Strategy Manager is the first automated decision and analytics deployment by the Commercial Bank of Qatar and is set to support extensive portfolio growth with the acquisition of new profitable customers for its credit cards, personal loans and automotive finance products.
PowerCurve Strategy Manager is providing the Commercial Bank with a range of credit risk and operational benefits, notably a world class single risk decisioning platform, integrated analytics modelling and a reporting environment. Benefits include operational efficiency and cost saving through efficient decision automation plus portfolio revenue through increased activation and reduced delinquency.
Abdulla Saleh Al Raisi, CEO of the Commercial Bank of Qatar, commented: "We chose Experian as our partner because it has both local knowledge and global experience in helping clients implement advanced automated decisioning and analytics. Experian understood our long term customer acquisition growth plans which ensured we were able to deploy a tailored credit risk platform that automates our decisions across credit cards, unsecured personal loans and vehicle loans. This moves us towards a generic risk product decisioning and analytical infrastructure, capable of managing organic and acquisition growth.
PowerCurve Strategy Manager has been developed in response to increasingly complex market demands for a truly agile and consolidated risk decisioning system which will enable lenders to adapt quickly to dynamic business situations, adjust to different regulatory environments and grow their business quickly and profitably.
Clients can choose to install PowerCurve within their own IT environment, integrating just the capabilities they need in order to effectively manage costs and leverage their existing software investments. Alternatively, PowerCurve can support delivery of Experian's analytics and decisions in a secure environment as a hosted software service provided by one of Experian's state-of-the-art data centres.
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