Risk Reshaped

Unlocking the power of open-source

Girl lighted with colourful code

Credit risk models and analytics in major UK banks and building societies are experiencing a pivotal transformation, shifting from legacy software to open-source solutions.

Once flexible, these legacy platforms now struggle with increasing demands for data, sophisticated calculations, and adaptability. This strategic shift aims to boost operational efficiency, foster innovation, and strengthen institutions' competitive edge.

In our paper, we have summarised some key insights from our Risk Reshaped survey and highlighted the reasons why firms are considering transitioning to open source solutions.

Contact us

David Wong

David Wong

Risk Chief People Officer, PwC United Kingdom

Tel: +44 (0)7733 449098

Symon Dawson

Symon Dawson

Partner, Risk Transformation, PwC United Kingdom

Tel: +44 (0)7483 422850

Ajay Raina

Ajay Raina

Director, Risk Transformation, PwC United Kingdom

Tel: +44 (0)7714 153427

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