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Deutsche, Luxoft Jointly Develop Risk Management Tool

Platform assists loan origination and credit risk management.

Deutsche Bank's Risk Management Advisory division has jointly developed a risk management tool called Compas with Luxoft, a provider of application and product development services.

In order to better serve its clients, the RMA group at Deutsche Bank wanted to develop a loan origination system that would include an automated credit decision engine, helping to meet challenging regulatory requirements and meet international banking "best practices."

RMA was able to release a marketable version of Compas in less then six months. Compas is now a web-based lending tool that automates, standardizes and systematically manages the loan origination and credit approval process by providing an automated decision engine while managing the specific credit risks inherent in lending.

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