Digitalized and Compliance-Conform Credit Risk Management
Cooperation between Arvato Systems and CredaRate Solutions
CredaRate Solutions is a provider of outsourcing solutions in risk management
Arvato Systems takes over server hosting and IT services for the operation of rating models based on data pools
Partnership between Arvato Systems and CredaRate Solutions
G tersloh - Arvato Systems supports CredaRate Solutions in offering credit risk management solutions for companies in the financial and energy sectors as Software-as-a-Service (SaaS) based on high-quality data pools. In addition to a consistent customer focus, the compliance with national and European banking supervisory standards for the development and validation of rating models represents a significant success factor for CredaRate Solutions. For the hosting of the solutions developed by CredaRate Solutions, the company was looking for a competent and experienced partner, who would provide professional and reliable support for the dynamic growth of the company. The Cologne-based company found this partner in Arvato Systems.
Expertise in credit risk management and IT system integration complement each otherThe CredaRate product platform offers pool-based rating procedures for all major borrower groups, which have proven themselves in practical use for many years. Customers include well-known credit institutions, insurance companies and energy suppliers. CredaRate is developed and operated in compliance with the Internal Ratings-Based Approach (IRBA) eligibility as well as the regulatory requirements for IT (BAIT). CredaRate Solutions makes its solutions available as Software-as-a-Service (SaaS), thereby supporting the digitization strategies of its clients. For the operation of the product platform, Arvato Systems successfully completed the system setup and data migration. The successful go-live could take place in December 2020.
Requirements for the partner for IT operationsFor us it was crucial that the IT service provider meets our requirements regarding data protection as well as IT security and the banking supervisory requirements for outsourcing management, says Christoph M ller-Masi , Managing Director of CredaRate Solutions GmbH. In addition to proven expertise in flexible managed services for IT applications, he should also have the potential to successfully accompany our dynamic company development as a partner in the future. Furthermore, it was important to CredaRate Solutions that the partner brings comprehensive know-how about the database and web service technologies used. The request: The applications should be migrated to an efficient, highly available platform and operated there. Arvato Systems was able to score here not only with its many years of experience in the area of system integration, but also with its strong communication skills and commitment.
Cooperation based on partnershipIn the bidding phase, Arvato Systems had recommended itself above all because of its in-depth expertise and innovative proposals, says Patrick Bisdorff, IT division manager at CredaRate Solutions. In addition, the company has been awarded several times as champion for Data and AI - for us another proof of its professional competence. The first milestones achieved have already fully confirmed the expectations placed in the cooperation. Over the entire period, we have worked together in a very cooperative and professional manner with a high degree of commitment, Bisdorff continues. Arvato Systems shares this enthusiasm: We are very satisfied with what we have achieved so far and are already talking to CredaRate Solutions about expanding or extending the services, says Maik Hanewinkel, Sales & Account Manager at Arvato Systems. This could involve container-based applications, for example.
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Digitalized and Compliance-Conform Credit Risk Management 
