The Portfolio Advisor (or Alerting Tool), allows CB users to be informed about changes in the profile of their customers, thanks to an event driven logic. With this tool users will obtain the list of all subjects that have a request or a contract with a determined financial institution, and whose contracts with other institutions faced a significant change in the last “X” days. This service identifies specific triggers that represent “significant changes” of any subject linked with a particular Institute, the assumption is that the events that lead to these triggers might be significant to Institutes that have a credit relationship with the related subjects.

The domino effect getting trending behaviors affecting more lenders will be avoided thanks to this, but also interesting opportunities can be highlighted and used with portfolio assets management.
This is also valid for clients that will open a new position with other lending entities.

The more relevant benefits are: 
•    To track any foreseen events that may significantly change the client position (i.e. the client applies for credit at multiple institutes, possibly jeopardizing the ability to repay all the outstanding loans)
•    To allow credit shopping control
•    To refresh the full credit position of a customer any time that a change occurs
•    To be able to better fine tune credit policies based on such changing events

We believe such an instrument is essential to implement effective credit/business/collection policies in a situation where customers have different credit positions with different institutes, thus multiplying the risk, the potential default rate but also highlighting interesting opportunities to be used with their own clients.