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  • Writer's pictureVizuaMatix Team

VizuaMatix's vxFRMS: Redefining Financial Risk Management - A Roar Media Spotlight



In the midst of economic uncertainty, VizuaMatix's groundbreaking vxFRMS takes center stage in Roar Media's latest video feature. This transformative tool is reshaping how financial institutions evaluate risk, benefiting both lenders and borrowers.

A Growing Need in Challenging Times

The documentary starts by highlighting the economic challenges in Sri Lanka and around the world. With individuals turning to loans and credit cards to weather the storm, accurate risk assessment becomes vital. Reyaz Mihular, Former Chairman of KPMG Sri Lanka, emphasizes the importance of understanding financial risks for competitive pricing and secure lending.

The Multifaceted Nature of Financial Risk Assessment

VizuaMatix's CEO, Theekshana Kumara, sheds light on the complexity of evaluating financial risks. He highlights that hundreds of factors are considered, including patterns of financial transactions, disposable income fluctuations, industry-specific economic indicators, and macroeconomic trends. Such an intricate understanding allows lenders to make informed decisions.

Furthermore, this accurate risk assessment translates into tangible benefits. As Mihular explains, transparent risk assessment leads to minimized regulatory capital requirements, enabling financial institutions to lend more money and increase profitability.

Empowering Borrowers and Lenders Alike.

vxFRMS is a game-changer for both borrowers and lenders. On the borrower's side, a deep comprehension of financial risk management equips them to engage with lenders more effectively, seeking loans at the best possible terms. This harmonious interaction between lenders and borrowers is pivotal in today's economic climate.

VizuaMatix's vxFRMS acts as a bridge in this interaction, enhancing transparency and trust in the lending process. The software offers a plethora of features that revolutionize risk management:

  • Early Warning Signal Management

  • Credit Risk Rating

  • Non-performing Asset Prediction

  • IFRS9 Reporting

  • Advanced Transaction Monitoring with Anti Money Laundering Functionalities

  • Automated Workflow Management

  • Data Profiling

  • Model Development Ecosystem with Big Data Capabilities

Embracing Technological Progress

While manual processes and Excel spreadsheets once sufficed, the current data landscape demands a more sophisticated approach. With data points multiplying exponentially, a tool like vxFRMS can seamlessly absorb vast amounts of information, including market data, business climate insights, and individual lender risks.

Machine learning and deep learning models play a pivotal role in detecting complex patterns quickly and accurately predicting an individual's future financial risk. The integration of AI and machine learning ensures that vxFRMS provides an unparalleled level of accuracy and efficiency in risk assessment.

A Transformative Impact Across Industries

The vxFRMS tool is not confined to a single sector; it's a boon for industries ranging from retail to microfinance to emerging corporates. Leading banks across Sri Lanka have already embraced this innovative solution, integrating it into their Loan Originating Systems for faster and more reliable loan approval processes.

In an era marked by economic uncertainty, vxFRMS steps in to foster trust and confidence within the market. The software empowers both lenders and borrowers, paving the way for sustainable growth and stability. By embracing cutting-edge technology, fostering transparency, and enriching borrower-lender relationships, vxFRMS stands as a beacon of progress, ensuring that financial risks are understood, managed, and navigated with confidence. Want to learn more about vxFRMS and it's capabilities? Visit vxFintechCentral

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