This tender seeks proposals for an automated credit risk rating, pricing, and reporting application that integrates with an existing expected credit loss tool. The project includes 36 months of maintenance and support, with implementation expected within 6 to 12 months.
The KZN Growth Fund Agency is inviting proposals for a comprehensive automated credit risk rating, pricing, and reporting application. This solution must seamlessly integrate with the existing expected credit loss tool, enhancing the agency's ability to assess credit risk effectively. The selected vendor will be responsible for the implementation of the system within a timeframe of 6 to 12 months, followed by a maintenance and support period of 36 months. Key functionalities required include borrower and facility rating models, risk-based pricing frameworks, portfolio monitoring, and compliance with IFRS 9 standards.
The application should provide robust reporting capabilities, including executive dashboards and regulatory compliance reports. Bidders are expected to demonstrate their expertise in credit risk management and provide a detailed project plan, including training for users and data migration strategies. This project aims to improve credit decision-making processes, enhance risk governance, and ultimately support the agency's mission of promoting economic development and job creation in the region.
This tender is suitable for software development firms specializing in financial services, particularly those with experience in credit risk management applications and compliance with financial regulations. Companies that can provide ongoing support and maintenance for such systems are encouraged to apply.