The State of Credit Risk Analytics in KSA Financial Services Industry

April 26, 2017

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Summary

Analytics is expected to be the biggest game changer for the Saudi Financial Services sector in the coming two years and with Big Data analytics slowly changing the face of credit risk, we aim to measure the amount of focus that is being paid to analytics within Credit Management. We asked participants from across the Saudi financial services industry about the importance of analytics within their organization, the impact that analytics has had on their ability to manage risk, the drivers and the challenges they face in widespread adoption of analytics. As an organisation focused on regional market development with direct links to the Saudi Credit Bureau (SIMAH), Qarar is committed to develop the data analytics industry in Saudi Arabia and support organization in addressing adoption obstacles. The Qarar Market Pulse series, is a series of short market survey reports that aims to measure and report on matters that are of most importance to our clients and the Saudi Financial Services Industry covering topics like analytics, regulation, competition, risk management etc. These surveys will be launched regularly and topics will be selected from client feedback and industry trends. We would like to thank everyone that has participated in this survey and we hope that you find the results valuable. Please do not hesitate to contact us for any comments, feedback and suggestions on future market pulse topics.

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