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Outsourced Risk Management
An ambitious, socially responsible unsecured lending business required credit risk support to aid rapid growth of the loan book
The firm did not have a specialist credit risk team in place, and required support through the entire credit cycle to ensure the portfolio risk was well managed during the period of growth
The Vestigo team worked on a full outsourcing basis, working closely with the board to deliver best practice risk management
Vestigo developed a new suite of policy rules, along with a bespoke scorecard based on retro bureau data, outperforming the standard bureau score
Vestigo also designed a set of MI reports to allow the portfolio performance to form part of a vital feedback loop
As part of the engagement, Vestigo attended meetings with key suppliers and stakeholders of the business
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