Case Study: DBS Bank achieves faster, lower-risk credit reporting with Progress Corticon

DBS Bank reduces credit reporting turnaround time by 25% with Progress Software

DBS Bank, a leading financial institution in Asia, faced the challenge of an outdated, manual, and error-prone credit reporting process. This system was labor-intensive, increased risk, and forced the bank to hold more capital in reserve. To automate this process and strengthen its business rules, DBS turned to Progress Software and implemented its Corticon Business Rules Management System (BRMS).

Progress delivered a solution centered on Progress Corticon, which automated credit scoring by directly linking rules to customer data. This allowed DBS to update criteria quickly in response to new market trends and regulatory requirements. The results included a significant reduction in risk and the capital required for reserves. Furthermore, the system improved operational speed and agility, reducing the turn-around time for implementing changes by 25%.

DBS Bank