Digital Matrix Systems, Inc. to Provide CreditAnalyst™ to Regions Bank
Digital Matrix Systems, Inc. (DMS), today announced that Regions Bank has selected CreditAnalyst™, a platform that makes it easy to create and deploy credit attributes and scorecards for automated decisions, risk assessment and probability calculations. All work is reusable across the development, testing, and implementation lifecycle.Traditional model development processes are not only labor intensive, but gaps in the development cycle result in a lack of consistency and efficiency. With CreditAnalyst™, Regions Bank will be able to quickly develop custom attributes, providing them with a powerful tool in their risk assessment processes.
“We look forward to integrating the CreditAnalyst platform into our risk assessment process,” said Keith Harrah, senior vice president, credit risk management at Regions Bank. “This will allow us to use additional custom attributes in our modeling, which supports our commitment to prudent risk management.”
“We are pleased to expand our long-term relationship with Regions through this implementation,” said Mark Dreux, vice president of business development for DMS. “We strive to develop products that improve efficiency and consistency for our clients, and our CreditAnalyst™ software delivers on that promise by helping streamline model testing and implementation.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $124 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Digital Matrix Systems, Inc.
Founded in 1982, DMS is an international risk management solution provider that helps clients leverage the power of data to make better-informed business decisions. Through an integrated product suite, DMS delivers secure access to consumer and commercial credit bureaus, as well as specialty data providers. As a reliable partner, DMS helps leading companies predict and manage risk in a variety of industries, including financial services, insurance, and brokerage services. The company provides data warehousing, advanced analytics, scoring models, and comprehensive consulting services, delivering strategic solutions tailored to each client’s business goals. For more information, visit www.dms.net.