GRISK - GSTAT's Credit Risk Center of Excellence

Financial institutions worldwide are required to address several challenges associated with credit risk management:

• Constantly strengthening competition in the financial services market encourages banks and other financial institutions to offer more credit to their customers while retaining low levels of credit risk.
• The need to devise and implement solutions to impending regulatory requirements, such as Basel II.
• The will to leverage technological advancements to develop tools to enable a deeper understanding of customers' credit needs, and a more efficient and advanced management of the institution's risks.

While addressing these challenges, financial institutions have realized that they require a better understanding of their entire institution and of individual customers' current and potential risks and business potential.

GRISK, GSTAT Basel II and Credit Risk Center of Excellence, is the company's unit in charge of research and knowledge-building in all credit risk and Basel II related matters.

Staffed by 100 experts in Credit Risk, Basel II, and Solvency 2, with experience in credit scoring and IRB modeling as well as the implementation of Basel II three pillars, GRISK is one of Europe’s largest centers of Credit Risk expertise.

The Center's professionals integrate expertise in credit risk and Basel II, coupled with vast experience in statistics and econometric model building in credit scoring applications and IT-based methodologies using different tools and data platforms.

Whether using GSTAT Xeligence Credit Risk Suite solutions or implementing tailor-made Credit Risk solutions, GSTAT can provide financial institutions of all sizes the most cost-effective Credit Risk solutions, guaranteeing a quick ROI.

GSTAT Basel II GSTAT Professional Services from Experts in Credit Risk and Basel II:

• Deep understanding of Basel II regulations.
• Familiarity with world-class solutions in Credit Risk and Basel II issues.
• Extensive consulting and partnering experience with leading financial institutions in all matters of financial risk management.
• Preparation of Basel II-related gap analyses and work plans for financial institutions.
• Implementation of RAROC and VBM methodologies.
• Performing Basel II gap analysis.
• Performing Basel II and Solvencey II QIS projects.

GSTAT State-of- the-Art Statistic-Econometric Models:

• Experience in the development of advanced statistical models (IRB) for the calculation/estimation of the credit risk components promoted by Basel II: PD, LGD, EAD, EL, and UEL.
• Experience in the development of dozens of credit risk rating models for retail customers (Application, Behavior and Collection Scoring models).
• Experience in the development of credit scoring models for SME and Corporate customers, based on their financial statements, as well as Expert Questionnaire based models.
• Models for differential pricing of credit products based on customer's credit risk.
• Models for identifying potential customers for increased credit activity.
• Development of AMA statistical models of operational risk.
• Credit risk estimation for securitization purposes.

GSTAT Advanced IT Solutions Utilizing:

• Various Architectures and Tools.
• Implementing Basel II Standardized Approach and FIRB Approach projects.
• System Analysis of financial IT systems.
• Conditioning of data infrastructures for the development of statistical models and the implementation of automatic rating systems using various ETL tools.
• Building analysis and reporting credit risk environments using various BI tool