Pedicta, a software with integrated domain intelligence and modelling process, enables risk managers in taking superior lending decisions, marketeers in improving efficiency of their campaigns and business heads in deriving optimum profitability.
"We see significant synergies in creating a joint offering in the rapidly expanding global market for credit risk management, Fractal Analytics Co-founder and Executive Vice President Nirmal Palaparthi said here.
Pedicta addresses BASEL II accord requirements and contains regulatory best practice guidelines.
With the current emphasis on BASEL II and the implementation of greater compliance standards within banks, there is a clear need for a tool that is flexible and can meet the changing requirements of banks with regard to risk management, Cranes Softwares' Head of the Banking and Financial Services Mohamed Asif said.
Predicta can dramatically decrease the turnaround time and increase the quality and compliance of risk scorecards at any bank, Asif said.
The new software had a soft launch at the last week's Banking Conference 'BANKCON 2007' here.
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