FlexFinance provides a performance database that stores financial assets in default as well as assets that have not defaulted.
The source of recovery is documented in the case of recoveries. This enables appropriate consideration of collateral during the calculation of risk provisions.
The history is supplemented by micro- and macroeconomic boundary parameters, which are often drivers of the default. Customer and contract data are placed in an overall economic context.
The performance database created in this way, is then used as the basis for classic approaches as well as machine learning.
The source for the performance database are cash flows that are part of the contractual view as well as real payments (Core Cash Flow Generation).