Europe
The Evolution of Credit Risk Management
This report delivers powerful insights into the latest trends and innovations, equipping you with the knowledge to stay ahead and thrive in an ever-changing industry.
Accelerating the Digital Shift
Breaking free from outdated tech is no longer optional—it's essential. Financial institutions are sharpening their focus on credit risk technology.
64% of banks' global tech budget goes to maintaining legacy systems
36% is dedicated to growth or transformation
68% of EU FIs are planning to increase their credit risk tech budget
The Rise of AI in Credit Risk
AI is rapidly transforming credit risk management. While it has been used in credit decision-making for years, banks are now expanding its application to other areas. However, the specific use cases being explored vary depending on the size of the financial institution.
Overcoming Operational Hurdles
Accelerating investment is crucial, but key challenges are still holding institutions back in enhancing credit risk management practices.
The top four reasons standing in the way
#4
Siloed operations and poor internal collaboration
#3
Lack of skilled personnel
#2
Regulatory compliance
#1
Download the report to see the number 1
Gain Critical Insights on the Future of Credit Risk Management
In the fast-paced world of finance, credit risk management is not just a priority—it’s a critical challenge. Our comprehensive research across Europe’s leading financial institutions reveals their top priorities, key challenges, and investment strategies in credit risk management.