Case Study: Large Australian Bank achieves $8M annual savings and streamlined regulatory reporting with FICO Model Central

Large Australian Bank Capitalizes on Regulatory Efficiency

A large Australian bank managing about 170 credit and decision models across multiple portfolios and countries faced a labor-intensive, spreadsheet-driven regulatory process. A team of more than 20 analytics experts spent excessive time producing, auditing and documenting reports, struggled to detect model degradation, and needed a scalable way to meet regulator requirements.

The bank implemented FICO® Model Central™ to automate validation, monitoring, reporting and audit trails, giving a dashboard for early detection of degrading models. As a result, reporting time fell from ~128 hours to 2 hours per model per year and the bank projects roughly $8 million in annual benefits—about $1.7M in labor savings and $6.3M from reduced charge-offs—while freeing analysts to focus on building better models.