PHILADELPHIA,
PA (September 15, 2020) –The Risk Management Association announced today
that banks can now implement its groundbreaking RMA Dual Risk Rating as a turnkey
software solution.
Built by RMA member banks and industry experts, RMA Dual
Risk Rating presents a cost-effective, instant-access way to implement a risk
rating system with superior granularity and consistency—a crucial advantage always,
and especially in these times of COVID-19.
As a flexible out-of-the-box solution powered by ACTICO
platform technology, RMA Dual Risk Rating is designed to meet any bank’s technology
requirements. It can be deployed on its own as easy-to-use cloud-based software
or seamlessly integrated as part of an existing loan origination system.
“To ensure our members always have the resources they need
in a world of volatility and emerging risks, RMA is on a path of constant
innovation,” said RMA President and CEO Nancy Foster. “This new offering will
help RMA members benefit from our innovative Dual Risk Rating solution in the
format that best suits their needs.”
With
RMA’s trusted risk rating solution, credit scoring and decisioning is as straightforward
as entering client financial data, reviewing the rating recommendation, and
taking action. Users can also run reports at the client or portfolio level to
quickly examine ratings concentration and migration over time.
RMA Dual Risk Rating was initially launched in February
2020 to help member banks overcome historical scorecard development,
technology, and adoption barriers that have prevented them from upgrading their
risk rating systems. The rating system is comprised of a highly granular master
scale, six borrower scorecards, and one facility scorecard, all developed to
make it easier for banks to organize and act upon rapidly changing credit risk.
Click here for more information and a demonstration of
the new RMA Dual Risk Rating software solution.
Click here if your institution is interested in adding
Dual Risk Rating capability or if you have questions about RMA Dual Risk
Rating.
About RMA
Founded in
1914, The Risk Management Association is a not-for-profit, member-driven professional
association whose sole purpose is to advance the use of sound risk management
principles in the financial services industry. RMA promotes an enterprise
approach to risk management that focuses on credit risk, market risk, and
operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 1,900
institutional members that include banks of all sizes as well as nonbank
financial institutions. They are represented in the Association by 18,500
individuals located throughout North America, Europe, Australia, and
Asia/Pacific.
Media Contacts
Stephen
Krasowski, skrasowski@rmahq.org, 215-446-4095
Frank
Devlin, fdevlin@rmahq.org, 215-446-4137