Consulting firm Oliver Wyman has joined forces with fintech firm Corridor Platforms to offer end-to-end risk management solutions for banks and non-bank financial institutions.

The partnership combines the capabilities of the two firms.

The combination is said to enable customers fully utilise their own capabilities and integrate with open source technologies at the same time.

Corridor offers modular and cloud-based risk management platform. The platform supports credit modeling, loan valuation as well as real-time policy execution.

Referring to Oliver Wyman, Corridor CEO Manish Gupta said: “Building on decades of experience at the forefront of innovative model development, they are propelling their clients toward the pragmatic adoption of advanced techniques and technology.

“We could not have chosen a better firm to help clients leverage Corridor Platforms solutions and create rapid and sustainable financial impact.”

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Oliver Wyman focuses on next generation risk analytics, model development along with data/process management.

Oliver Wyman managing partner and head of financial services for the Americas Michael Zeltkevic said: “The Corridor leadership have taken a wealth of first-hand experience and created a unique integrated solution which enables institutions to make a step change toward the state-of-the-art analytics in risk and beyond, to truly compete in the digital banking era.”