Our client is a leading credit reporting agency that offers credit bureau and decision analytics services to businesses, along with providing credit reports to individual customers. The client conducts periodic model monitoring exercises for various generic and custom scorecard models for multiple institutions.
They want an Automated Annual Model Monitoring tool. The objective was to streamline, automate, and sequence the entire exercise of model monitoring so that it can run independently as a single process with minimal intervention and generate error-free results. The result is a distribution-ready set of summary reports and associated commentary on model performance and validation metrics.
Increase of efficiency by over 92% (from 12 weeks to 1 week) for the model monitoring exercise
Reduction of defect opportunity by minimizing manual steps