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Manage & mitigate risk to optimise profitability with Empirical Credit Risk Management Analytics. Article Credit Expo’s ECM AnalyticsLearn More
CreditExpo is a consulting and software development company specialising in the measurement and management of retail credit risk, both for operational purposes and for compliance with the new IASB and FASB reporting rules. The methodology and software developed by CreditExpo is Empirical Credit Management (ECM Analytics)
As CEO designate of the retail lender Chartered Trust Ireland, Patrick Shallow, FIB PhD identified the ambiguous nature of the former Basel l and Basel ll regulatory rules and undertook extensive regression research to develop an empirically verifiable alternative. The initial software product was then developed, installed and tested in three leading Irish banks, being approved by their auditors and the regulator. The product was further extended and installed in the credit unions, successfully replacing the former ‘Resolution 49’ fixed rate matrix that had critically understated their credit risk.
ECM Analytics is a dynamic, patented, expert system designed to measure credit risk across the full range of retail lending instruments. Its construction has involved several disciplines within Credit Expo including Banking, Maths and Stats, Actuarial Science, Economics and Software Development. Results have been extensively back tested and proven in several environments over recent years.
As a dynamic and mathematically precise system, ECM Analytics, delivers accuracy across New Business Acceptance and Pricing, Collections Prioritisation, Performance Management, Compliance Reporting and Portfolio Evaluation.
A former senior banker with wide experience, Patrick Shallow founded Credit Expo in 2001 having earlier founded the sister company, Finalysis, a Treasury Consultancy, in 1990. Prior to this, he was Managing Director of the Metropolitan Building Society and, earlier, Deputy MD of Chartered Trust, the Finance arm of Standard Chartered Bank. In South Africa, he was employed as economist with Standard Bank of South Africa, specializing in the analysis of Bank branch profitability and performance.Credit Expo was established to develop and promote the ECM Analytics retail credit risk management methodology and software for international lending.Patrick has presented regularly on Banking at University College, Dublin, also to the Irish Association of Corporate Treasurers. He is a contributor to Finance Magazine and to Business & Finance. Patrick holds a B.Comm (Law and Economics) degree from the University of the Witwatersrand, Johannesburg, a M.Sc. from Trinity College, Dublin and a PhD in credit risk measurement from the Smurfit Business School, University College Dublin. Patrick is also a Fellow of the Institute of Bankers.