CRISIL, the global provider of advanced analytics and credit risk management solutions, has been recognised as a Category Leader in the Credit Risk Management Solutions Quadrant Report 2024, published by Chartis Research in June 2024.

The report underscores CRISIL's strengths in providing cutting-edge credit risk management products and solutions to clients across the globe.

This report from Chartis Research evaluates CRISIL’s capabilities across risk management, analytics and technology, and assesses the customer feedback and market potential for its solutions, emphasising CRISIL's position as a global leader in the credit risk management space.

CRISIL's risk products and analytical platforms are designed to help clients manage the credit risk in their banking book and trading book more effectively.

'Mitigating and managing credit risk is a critical challenge for most financial institutions, and CRISIL's category leader position in our quadrant reflects its core strength in credit risk management across the trading book,' said Sidhartha Dash, Chief Researcher at Chartis. 'Its deep expertise and software capabilities enable financial institutions to manage counterparty risk, as well as trading-oriented risk covering complex asset classes.'
 

CRISIL enables risk managers to make better-informed decisions by providing best-in-class credit risk model management, extensive financial spreading, artificial intelligence and machine learning-powered advanced analytics, and portfolio monitoring capabilities.

Says Ashish Vora, President, CRISIL Market Intelligence and Analytics, "We are extremely delighted to be recognised as a category leader in Chartis Credit Risk Management Solutions Quadrant Report 2024. This reinforces the global acceptance of our risk solutions and validates our commitment to be leaders in the risk technology space. We are committed to providing the best-in-class credit risk solutions to our clients, and this recognition motivates us to continue innovating and improving our offerings."

CRISIL's Credit+ suite is used extensively by leading financial institutions across the globe. Key solutions of the Credit+ suite include:

• Credit+ ICON: The platform streamlines credit risk assessment and credit rating framework through a combination of objective and subjective methodologies, enabling decision-making by lenders. Powered by deep domain expertise, AI capabilities and extensive customizability, it serves 40+ global clients across 15 countries and is India's largest deployed internal risk rating solution. Credit+ ICON is built using cutting-edge technology and SaaS-ready architecture to enable a secure, scalable and highly configurable solution.
• Credit+ Early Warning Signals: The solution helps financial institutions actively monitor the quality of their credit portfolio and lower loan-loss contingencies. It leverages internal and external data, rule-based flags, and multi-dimensional trigger libraries to detect changes in credit quality and provide risk managers with actionable insights and ability to track corrective action plans.

'Credit risk compliance in the banking book is a core concern for financial institutions, and CRISIL's category leader position in our quadrant reflects its platform capabilities for credit processing,' said Sidhartha Dash, Chief Researcher at Chartis. 'This includes a combination of credit risk data management, a framework for data integration to factor in internal and external data, and capabilities for modeling, calculations, reporting support and associated analytics.'

Arunkumar Iyer, Senior Director - Risk Solutions, CRISIL Market Intelligence & Analytics says, "Our Credit+ ICON and Credit+ Early Warning Signals have been instrumental in providing AI-enabled advanced analytics and driving efficiency. We are particularly proud of the excellent client feedback we have received for our solutions. We're constantly exploring new ways to enhance customer value and are investing in domain and cutting-edge technology to stay ahead of the curve."