Volkswagen Financial Services’ Brazilian subsidiary has selected SAS Real-Time Decision Manager and SAS Enterprise GRC Support to improve credit policy enforcement, workflow analysis and credit disbursement.
Besides trimming operational risk due to process automation using SAS, the technology will enable the lender to change business parameters, test and monitor new policies, and develop rules for granting credit with reduced IT development.
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Volkswagen Financial Services field operations executive manager Paulo Pinho said, "Financial services in the automotive market is a commodity offered by most banks, making the competition fierce."
"To support future growth, it is essential for Banco Volkswagen to develop technological solutions that enable us to offer the best financial products," Pinho added.
The SAS software will enable Banco Volkswagen to manage its teams better and reduce the amount of manual processes that may cause operational risks.
Additionally, it will meet the bank’s purpose in making its credit policies flexible by allowing the users to change the business rules and parameters on their own.
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By GlobalDataSAS Brazil risk specialist Renato Fiorini commented, "Banco Volkswagen in Brazil is inserting the SAS analytics platform directly into its credit decision operations. By allowing quick updates to decision-making processes, SAS will help the bank increase revenues."
