back Back

Finastra and RMA partner to improve commercial banking risk rating frameworks

By Pavithra R

April 23, 2021

  • Finastra
  • UK
Share

Finastra and RMA partner to improve commercial banking risk rating frameworksThe Risk Management Association (RMA), a not-for-profit, member-driven professional association and Finastra has announced entering into a partnership to form a strategic initiative to advance commercial banking risk rating frameworks for US financial institutions.

Through the collaboration, RMA Dual Risk Rating scorecards will be available through and fully integrated with Finastra’s Fusion CreditQuest commercial lending platform.

“Given the role of small and mid-sized enterprises in upholding our economy, it is more critical than ever to ensure SMEs have access to lending – and that the commercial banks serving them implement RMA Dual Risk Rating scorecards to effectively assess their borrowing ability. We are proud to provide the financial services industry with a cost-effective tool to improve commercial loan risk rating consistency and objectivity, and excited to offer Fusion CreditQuest clients access to our expert judgment-based risk rating scorecards,” said  RMA President and CEO Nancy Foster.

Fusion CreditQuest is an end-to-end commercial loan origination solution that streamlines portfolio management, underwriting, and reporting. Customers leveraging RMA’s flexible Dual Risk Rating software will experience full integration of RMA’s scorecards with the Fusion CreditQuest platform.

“Today many financial institutions use a single rating matrix to analyze the creditworthiness and ability of a borrower to repay a loan. Regulatory guidance suggests using both objective and subjective factors to assess the risk posed by a borrower’s expected performance as well as the transaction structure. By integrating RMA Dual Risk Rating scorecards into Fusion CreditQuest, we are bringing our clients a superior way to analyze risk and assure a favorable outcome,” said Vonda George, Director, Lending Territory Head, Finastra.

Founded in 2017, Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Previous Article

April 23, 2021

Boku teams up with mobile service providers to launch mobile identity services in France

Read More
Next Article

April 23, 2021

AusPayNet allows MYPINPAD to convert mobile devices into payment terminals

Read More







Advertise with us



IBSi Daily News Analysis

The Weekly Wrap

July 01, 2022

Finastra

The Weekly Wrap: all you need to know by Friday COB | July 1st

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 01, 2022

IBS Intelligence recognizes Temenos as the #1 Best-Selling Banking Software in Six Categories

Read More

July 01, 2022

GoCardless to acquire Open Banking platform Nordigen

Read More

July 01, 2022

5 FinTech tweets you should see!

Read More

Related Reports

Sales League Table Report 2022

£ 1,500.00 / year

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022