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Banco Sabadell: Improving credit risk management by making faster decisions

Banco Sabadell Spain’s fourth largest banking group is comprised of different banks, brands, subsidiaries and part-owned companies covering all areas of the financial business sector. Technological and commercial resource utilisation is a key part of Banco Sabadell’s business strategy and allows a multi-brand, multi-channel approach to focus on client and market requirements.

In 2006 Banco Sabadell became the first financial institution of the Iberia Index 35 (IBEX 35) to receive the European Gold Seal of Excellence, awarded by the European Foundation for Quality Management (EFQM).  This award recognises the level of excellence achieved in corporate strategy, leadership, policies, people management, resources, processes and the relations of the company with various interest groups.

As part of a proactive approach to responding to market conditions Banco Sabadell is to implement a fully-managed application evaluation service from Experian. Experian’s Transact SM will provide Banco Sabadell with an environment to integrate the different phases of assessing particular credit applications. The bank will be able to make faster decisions, while maintaining the highest standards in risk assessment.

Transact SM accesses different data sources before applying the business rules and strategies set by Banco Sabadell, to enable the bank to make appropriate lending decisions after assessing an applicant’s credit-worthiness.

Víctor Rojas, Risk Systems Director Banco Sabadell, commented: “Transact SM will contribute to the improvement of our credit risk management, while achieving significant cost savings. Efficient credit risk management is vital to being competitive in current market conditions.”

Jesús García, Business Development Director Experian’s Decision Analytics division Iberia, said: “Experian’s aim is to support our clients to manage and optimise risk and gain operational efficiencies throughout the customer relationship”.

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