Santander UK implements ACTICO’s credit risk management platform

By Megha Bhattacharya

Germany-based credit and risk management software provider, ACTICO announced that Santander UK has implemented its Credit Risk Management Platform in a bid to manage and execute a portfolio of commercial risk rating models on a new centralized system. Santander UK thus joins an increasing number of Santander Group entities utilising the FinTech’s credit risk management solutions for both consumer finance and commercial banking sectors.

“We were looking for a robust and centralized platform to manage our internal rating models,” said James Berrecloth at Santander UK. “The rating models had to be closely integrated with our new cloud-based bank operating system, to deliver an effective end-to-end digital user experience. Additionally, the platform and the models it hosted had to be flexible enough to be easily adapted by the bank’s risk methodology teams, while ensuring regulatory compliance at any point in the process.”

A wholly-owned subsidiary of Banco Santander, Santander UK has partnered with several FinTechs for starting a multi-year transformation program and implement an end-to-end customer onboarding, credit risk, and fulfillment solution.

Recently, Avaloq announced the expansion of its existing partnership with ACTICO, an intelligent automation, and digital decisioning software provider. The new partnership enables Avaloq to integrate ACTICO’s Compliance Suite into its software solutions for banks and wealth managers.

Christine Moosherr, General Manager at ACTICO, added, “We are extremely excited to work with one of UK’s largest banks, and support the implementation of an innovative digital platform for commercial lending. Going live with the new integrated platform, Santander UK is able to digitalize its key processes and deliver excellent customer experience.”