SPIN Analytics and RISKROBOT™, Now Available in the Microsoft Azure Marketplace
Microsoft Azure customers worldwide now gain access to RISKROBOT™ to take advantage of the scalability, reliability and agility of Azure to drive application development and shape business strategies.
NEW YORK–(BUSINESS WIRE)–#azure—SPIN Analytics, today announced the availability of RISKROBOT™ in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. SPIN Analytics customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.
The post-covid “new normal” has broken the models Financial Institutions use to understand credit risk: economies, markets, businesses and consumers all behave very differently than they did when the models were built. Financial Institutions need to rebuild hundreds of models, but, with each model taking up to 9 months, a much faster and more efficient solution is urgently needed.
RISKROBOT™ by SPIN Analytics is a new approach which combines Expert Judgement with classical risk modelling and Artificial Intelligence (AI) techniques on Big Data to achieve the dramatic acceleration required. RISKROBOT™ reduces the total time to update or replace models by 10x or more. Tasks which normally take months, such as preparing and cleaning data preparation, of documenting development, can be completed in minutes, allowing credit risk experts to focus on analysis and applying expert judgement.
RISKROBOT™ supports all types of credit risk models (decisioning, BIII/BIV RWA, IFRS9/CECL, stress testing) for all types of retail, commercial and corporate products and portfolios. It is encoded with all current Credit Risk Regulation and decades of experience so that human experts are augmented – not replaced.
“With Microsoft Azure, we can streamline the integration of RISKROBOT™ into our customers infrastructure to accelerate credit risk digitization. Microsoft Azure provides our customers with a cost-effective and highly scalable environment for our analytics which meets the highest standards of data security” said Panos Skliamis, CEO, SPIN Analytics.
Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. said, “We’re pleased to welcome SPIN Analytics and RISKROBOT™ to the Microsoft Azure Marketplace, which gives our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.”
The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use.
SPIN Analytics was founded by a team of ex-bankers and data scientists to provide innovative risk analytics to global Banks and Financial Institutions. RISKROBOT™ automates the data preparation, development, validation, documentation, deployment of all types of Credit Risk models, massively reducing the cost and the time of the modelling effort. RISKROBOT™ has won more than 40 global fintech awards.
Contacts
For more information, press only:
Panos Skliamis
SPIN Analytics
Tel: +44 (0) 777 8284 864
[email protected]
