Case Study

How Creditreform Automates Credit Risk Analyses

Creditreform (1)

Automated credit risk analyses

A team of only two employees have generated automated credit risk analyses for banks based on their expertise and the AX Semantics technology.

Authority certified processes

Creditreform uses NLG as a core element in creating MaRisk reports. This process is certified by the German Federal Financial Supervisory Authority.

Time saving

Saving analysts hundreds of hours thanks to the automated creation of credit risk analyses.

The Case

As a leading credit bureau, Creditreform publishes credit risk analyses to provide banks with auditing and scoring reports. However, analysts spent a lot of time in creating these reports manually.

The Challenge

Analysts had to spent many hours creating credit risk analyses and scoring reports. The creation of these reports included many repetitive tasks.
Their goals:
  • Relieve employees
  • Generate high-quality reportings and analyses

The Solution

Creditreform knew they had to find a way to automate the creation of credit risk audits. That's why they chose AX Semantics. Thanks to the automation, analysts have more time for other important tasks and are relieved of the creation of analyses with repetitive components. As content automation relies on structured data and statements initially texted by the employees of Creditreform, the analyses are of high-quality, as possible human errors are eliminated. 
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Example of a detailed rating on the Creditreform website

The Results

The analysts of Creditreform are saving hundreds of hours they would need to create reportings and analyses. As the reportings are now created automatically, they have a standardized high-quality level, as human errors are eliminated. They also increased the turnaround times of the creation process thanks to automation. Because of these positive developments, Creditreform has built an internal team to provide NLG (Natural Languages Generation) services for banks based on their expertise and the AX Semantics technology. Creditreform uses content automation as a core element for the creation of MaRisk reports (Minimum Requirements for Risk Management), certified by the German Federal Financial Supervisory Authority.

Creditreform

Creditreform is Germany's leading credit bureau. They publish credit risk analyses, which provide banks with auditing and scoring reports. The company was founded in Mainz, Germany, in 1879. The company operates all over Europe and is a business credit agency as well as a debt collection company. Creditreform started out with the evaluation of the creditworthiness of companies. However, since 1990 they also evaluated the financial standing of individuals.
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