Bank Cashes in on Better Services with Advanced Analytics Faster development, continuous innovation, support for an advanced strategy CHALLENGE Financial institutions today need a variety of analytical models—risk models that predict the credit worthiness of loan applicants and assessment models that determine the value of assets. Models enable fast and accurate responses to loan applications—responses that include specific credit limits. For this European bank, creating and updating its analytical models used to be a slow, labor-intensive process. “First, we designed what a model should look like, then we handed it to IT who started over, hand coding the model in our legacy systems,” recalls the bank’s first vice president. “It was a very long, manual process that did not meet t

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