The first in this series will be for credit risk analysis . Having examined the needs of companies in a number of vertical segments, WhiteLight designed a program that will act as a catalyst for new and existing customers to see the myriad possibilities available for driving smarter and faster decision-making. Credit risk management is the ideal application to showcase the WhiteLight platform because credit risk requires such a robust and flexible analytic platform. Given WhiteLight's strong partnerships and integration with other leading risk management solutions providers, we are confident that financial institutions at any stage in their risk systems development can use the WhiteLight platform to rapidly advance their ability to proactively control risk. Analytic applications will fill an increasingly urgent function in credit risk management.
Credit risk represents the largest source of risk for many financial institutions.
To stay competitive, it is now essential for banks and financial institutions to more accurately estimate and mitigate expected and unexpected loss on loan defaults. Analytic applications are now recognized as the best means of proactively managing loan portfolios by performing the sophisticated analysis and predictive modeling required to minimize risk of customer default and financial loss. The WhiteLight analytic platform offers a number of critical advantages to credit risk managers. We are seeing a growing interest among the entire industry segment to adopt what we expect to become the defining analytic and modeling foundation for credit risk management. With this program we can further accelerate the adoption of advanced analytics through a combination of education, partnerships, and industry expertise in specific focus areas.