Bringing risk management in small business lending to innovation.
Cupertino, California - (March 14, 2012) - Scorto Corporation, a globally recognized provider of decision management and risk mitigation solutions and services is teaming up with financial institutions in Sub-Saharan Africa to enhance their risk management framework.
One of the recent banks to adapt the new technology is The Eastern and Southern African Trade and Development Bank (PTA Bank), a leading Sub-Saharan provider of development capital since 1985. PTA Bank is relying on Scorto’s solutions to remove constraints to small business lending. This is being achieved by evaluating risk exposure and streamlining decision management lifecycle.
“Scorto in our view (as the Bank’s CRAS [Credit Risk Assessment System] team) offered the best CRAS platform in terms of a clear understanding of what we wanted, comprehensiveness of package in terms of scope & design and also appeared very user friendly, basically it offered best value-for-money solution…” – says Kingsley Muwowo, Head of Compliance & Risk Management at PTA Bank. “So far we believe the above testimony has been vindicated by our experience working with the Scorto technical team on the ground. This is a team which knows what it is doing… It is certainly a professional, knowledgeable and experienced team...” Scorto is committed to substantially improve capital access for small business in Sub-Saharan Africa. Building technology-driven risk management framework among local financial institutions is one of the company’s top priorities.
PTA Bank provides financial resources to both public and private sector projects in financial services, manufacturing, agro–industry, service, mining, infrastructure and tourism. For more information about PTA Bank please visit http://www.ptabank.org/.
Scorto Corp. is a globally recognized provider of decision management and risk mitigation solutions and services. Scorto’s business intelligence tools allow accurate decisioning and improve operational efficiency. The company was founded in 2005 and is headquartered in California with seven international representative offices. Scorto was included into FinTech 100 ranking of the top global technology providers to the financial services industry in 2011. For more information about Scorto’s products and services, visit http://www.scorto.com.