Global Credit Risk Management Software Market Overview:
The credit risk management software allows the analysis of credit risks, it helps in automating the lending and decision-making process in credit offerings with continuous risk monitoring. The software provides features like financial statements, compliance management, portfolio management, reporting, etc for a flexible framework for the implementation of internal ratings and scoring models.
Growth Drivers
- Demand for Automation in Credit Risk Management Operations
- Growing Credit Risks in Financials Operations
Roadblocks
- Regulatory Compliance and Cybersecurity Related Issues with Credit Risk Management Software
Opportunities
- Surging Awareness about the Credit Risk
- Demand for Credit Risk Management Software in Developing Nations
Challenges
- Presence of Numerous Players in Credit Risk Management Software Market Leading to Stiff Competition
Competitive Landscape:
Some of the key players profiled in the report are IBM (United States), Oracle (United States), SAP (Germany), Experian plc (Ireland), Misys (Finastra) (United Kingdom), Fiserv, Inc (United States), ACTICO GmbH (Germany), Kyriba Corp. (United States), Pegasystems Inc. (United States) and GDS Link (United States). Considering Market by Pricing Option, the sub-segment i.e. Monthly Subscription will boost the Credit Risk Management Software market. Considering Market by Deployment, the sub-segment i.e. On-Premise will boost the Credit Risk Management Software market. Considering Market by Features, the sub-segment i.e. Compliance Management will boost the Credit Risk Management Software market.
On 9th September 2020, 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 utilizing the FinTech’s credit risk management solutions for both consumer finance and commercial banking sectors.
What Can be Explored with the Credit Risk Management Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Credit Risk Management Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Credit Risk Management Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Credit Risk Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Credit Risk Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Credit Risk Management Software Developers, Credit Risk Management Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.