Citi Tackles Stress Testing Using Model Acceleration and Improvement Technology from Ayasdi
Citi Tackles Stress Testing Using Model Acceleration and Improvement Technology from Ayasdi
2 PagesCASE STUDY An increasingly complex world demands a different type of modeling solution– prioritizing scope, collaboration, speed, accuracy, impartiality, and transparency. Citi is one of the world’s largest and most complex financial institutions, operating in 98 countries, facilitating more than $4 trillion in flows each day. They hold over $950 billion in deposits and have over $620 billion in loans across their institutional and consumer businesses. The 2008-09 financial collapse led to a Federal Reserve directive that banks with consolidated assets over $50 billion have additional risk assessment frameworks and budgetary oversight in place. To assess a bank’s financial foundation, the Federal Reserve oversees a number of scenarios (company-run stress tests). Referred to as
