KeyBank to Utilize RMA’s Commercial Credit Risk Benchmarking Service
MAR 4, 2022 - 6:30 am
KeyBank became the latest institution to join the Risk Management Association’s Credit Risk Navigator, which is powered by Automated Financial Systems, a provider of software solutions and services to financial institutions.
“We are looking forward to leveraging the rich data available through the Credit Risk Navigator (CRN) database,” John Dravenstott, a portfolio executive at KeyBank, said. “Portfolio benchmarking and peer analytics is a core component of our risk management framework, and we found that the CRN database provides unique depth and granularity of data in the commercial space.”
Leveraging nearly two decades of reporting, the CRN database provides multiple risk indicators and metrics and encompasses nearly 850,000 individual loans. KeyBank will now be able to draw on the CRN database to monitor its credit risk profile and make more informed and focused portfolio strategy decisions.
“We are excited to welcome KeyBank into the CRN consortium,” Doug Skinner, director of business intelligence services for Automated Financial Systems, said. “External benchmarking is a central tenet of a sound risk management framework. The CRN database will enhance KeyBank’s ability to benchmark their commercial portfolio composition, risk and performance against peer banks and the industry as a whole.”
“As an association focused on providing exceptional value for our members, we are pleased to partner with AFS to offer Credit Risk Navigator,” Carly Edmondson, senior product manager of the Risk Management Association, said. “With features including a one-of-a-kind monthly reporting cadence, extensive data granularity, customizable reporting and intuitive dashboards, Credit Risk Navigator provides important commercial credit metrics for bank leadership.”
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