Vanquis Selects Paragon’s Modeller Software to Strengthen Analytics and Risk Management
Paragon Business Solutions today announced a strategic partnership with Vanquis to implement its advanced Modeller software, marking a significant milestone in the bank's modelling and analytical capabilities. The partnership will see Vanquis leverage Paragon's sophisticated Modeller software to enhance its credit risk modelling across the Group. This collaboration underscores both organisations' commitment to driving innovation and operational excellence in the financial services credit risk sector.
Key Highlights of the Partnership
- Vanquis will integrate Paragon's cutting-edge Modeller software across its credit risk modelling functions
- The implementation will improve and enhance the bank's analytical capabilities, controls and efficiencies
- A thorough PoC project demonstrated that Modeller will provide Vanquis with enhanced audit trails, version control, standardisation, reduced time to final models, improved collaboration, streamlined communication and strengthened model governance
"We are excited to partner with Paragon Business Solutions," said Chantel Pistorius, Decision Science Senior Manager at Vanquis. "Their Modeller software will give us the advanced analytical capabilities needed to develop best-in-class models with the rigour, robustness, and efficiency required to better serve our customers." Mark Thompson, Product Manager at Paragon Business Solutions, added, "We are delighted that Vanquis has chosen our Modeller software. This partnership demonstrates the robust capabilities of our solution and our ability to support leading financial institutions in their modelling, innovation and regulatory compliance requirements."
About the Partners
Vanquis is the UK’s largest specialist finance provider for financially underserved customers and one of the UK’s largest financial services businesses outside the Southeast. Listed on the London Stock Exchange, we serve 1.75 million UK customers through our brands Vanquis, Moneybarn, and Snoop, offering credit cards, money management, vehicle finance, and second-charge mortgages.
Paragon Business Solutions is a leading provider of advanced credit risk software solutions, specialising in helping financial institutions optimise their operational efficiency through cutting-edge technology and analytical tools. Their flagship Modeller software is trusted by financial institutions to enhance modelling capabilities and meet regulatory requirements.
Media Contacts
For Paragon Business Solutions: Info@credit-scoring.co.uk
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