With the publication of the Basel II Accord, credit risk has become part of a bank's capital requirement, forcing financial institutions to adopt a credit risk policy for portfolio risk identification. As a result, banks across the world are paying special attention to risk management, whether in terms of the introduction of proper procedures, the setup of risk management departments or the drafting of internal controls. Such actions are also in response to improved central banking regulations. As such, tools and procedures that serve the risk management area are becoming a necessity.

To accommodate this growing need, bluering has developed specialized Corporate Credit and Retail Credit software to improve the analysis of credit files in an effort towards risk minimization. Our applications pose as an anticipatory risk management device, whereby risk profiles are analyzed a priori, minimizing the need for extra provisions at a later stage. The applications facilitate analysis, reduce pre-lending process time, thereby decreasing both cost analysis and the risk of harboring unnecessary future defaults.

Bluering Corporate Credit and Bluering Retail Credit stand out as unique, novel products that answer a long-time business need within the finance sector by automating a bank's decision-making process in the "pre-lending" phase for retail products and corporate customers, respectively.