Businesses in many industries cite risk and compliance as key challenges. Banks, for instance, are beset by new and evolving regulations with lending model validation requirements they need to scale quickly. Insurers in all sectors are increasingly focused on managing risk and reducing fraud to improve profitability.
With extensive end-to-end modeling experience, EXL builds modeling and data attestation frameworks so clients meet internal and external deadlines. We combine scale and speed with a deep understanding of financial and other regulations, and our cost-effective execution and fast-track delivery have helped companies dangerously behind schedule. EXL has reduced transaction fraud, improved loss forecasting models, and within 90 days rolled out multi-country models for BASEL compliance.
EXL helped a Top 5 global bank to quickly design and implement a compliance program to follow the complex rules and optimize the financial incentives in the National Mortgage Settlement. By achieving full compliance rapidly, the bank earned an estimated $70 million in bonuses.