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FinTrak software unveils credit 360 risk management application

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Bimbo Abioye, CEO, Fintrak


FinTrak Software, a global software development company, has described its latest software, Credit Risk 360, as robust risk management asset designed to change risk management narrative in Nigeria’s financial sector.

Speaking on the software during a media interaction, Bimbo Abioye, group managing director of FinTrak Software, described Credit Risk 360 as a robust application that would integrate, modernise and update risk management process right from origination to repayment.

Abioye said, “With the Credit 360 software, valuation history can be tracked easily and notifications gotten on the go, this is due to the mobile functionality of the software. Financial instruments such as stocks, shares and even exchange can be integrated in this software, making it an all-round tool for credit managers and bankers.

“With the Credit Risk 360 solution, Credit risk managers in and financial institutions would enjoy ease of credit processing such as loan impairment, credit documentation, credit appraisal, loan reporting, approval and loan restructuring. The application can be defined as all in one, hence the name “Credit Risk 360,” he added.

Industry watchers have lauded the application and defined it as a game changer in the credit and risk management ecosystem. Presently, the solution has been deployed in one of the foremost and biggest financial institutions in Nigeria – First Bank Nigeria Plc. This is a testament to the resilient and robustness of the software that was developed in Nigeria.

“For such a solution to come out of the stables of FinTrak, it has demonstrated that the company has consistently maintained quality, which has even surpassed industry standards.

Their credit risk solution is so advanced that it can be tailored to suit one’s individual needs unlike the off-the-shelf variants of software available,” said Chineme Emmanuel Eze, program manager, credit risk transformation programme , First Bank Plc.


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