Case Study: Nedbank achieves simplified audits and 50% faster model development with FICO Model Builder

Nedbank streamlines audit process to simplify Basel compliance

Nedbank, one of South Africa’s largest banks, set out to improve data quality by overhauling its scorecard development process to better manage retail credit risk and meet Basel II/III compliance. The bank required predictive modeling across the retail business and a rigorous audit trail so external parties could track and replicate models.

After evaluating options, Nedbank selected FICO™ Model Builder. The bank says the tool combines modeling power with ease of use, simplifies audit and validation, and is expected to halve model development time (previously 6–12 months).

Nedbank

John Linfield

Head of the Retail Credit Lab