Energy credit risk benefits from next-generation technology

Faster speeds, higher levels of automation and advanced scenario analysis are some of the recent technological advances being applied to energy credit risk, resulting in increased visibility of real-time risk exposures, richer portfolio analysis and better-informed credit decisioning.

Ellen Stars, risk practice lead at Brady Technologies, discusses the changing energy credit risk technology landscape, looking at the improvements energy credit risk professionals should expect from their systems and how these can transform the output of the credit risk function.

Questions

1. What have been the most significant advances in energy credit technology in recent months?

2. Brady Technologies purchased CRisk in 2021 but has been in the energy credit risk space for much longer – please tell us about your background?

3. CRisk is the product you’ll be offering new customers going forward –why is that?

4. Could you provide some examples of projects you are working on with clients that involve CRisk? What are they using it for and what have they been able to achieve?

5. Switching to a credit system from spreadsheets, or switching systems, can involve significant upheaval. What do people need to think about to prepare for such a move, and what questions should they ask potential vendors?

6. What should the next big focus be for credit risk managers?

 

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