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[Latest] Global Online Casino Market Size/Share Worth USD 105.77 Billion by 2032 at a 12.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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Austin, TX, USA, Aug. 08, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Online Casino Market Size, Trends and Insights By Type (Sports Betting, Casinos, iSlots, iTable, iDealer, Other iCasino Games, Poker, Bingo, Others), By Device (Desktop, Mobile, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 in its research database.

“According to the latest research study, the demand of global Online Casino Market size & share was valued at approximately USD 61.55 Billion in 2022 and is expected to reach USD 65.97 Billion in 2023 and is expected to reach a value of around USD 105.77 Billion by 2032, at a compound annual growth rate (CAGR) of about 12.5% during the forecast period 2023 to 2032.”

Click Here to Access a Free Sample Report of the Global Online Casino Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=27599

Online Casino Market: Growth Factors and Dynamics

  • Changing Regulatory Landscape: Online gambling regulations vary significantly across different countries and regions. As governments update and modify their stance on online gambling, operators must navigate evolving legal frameworks. Regulatory changes can impact market access, licensing requirements, and taxation, affecting the overall industry landscape.
  • Technological Advancements: The continuous evolution of technology plays a pivotal role in the online casino market. Advancements in mobile technology, virtual reality (VR), artificial intelligence (AI), and blockchain have the potential to revolutionize the gaming experience, attracting new players and expanding the market’s reach.
  • Shifting Consumer Preferences: Consumer preferences in online gambling are constantly evolving. Operators need to stay attuned to changes in player behavior and preferences to offer relevant and engaging gaming experiences. Factors like game variety, user interface, payment methods, and customer support influence player choices.
  • Mobile Gaming Revolution: The growing popularity of mobile devices has transformed the online casino market. Mobile gaming allows players to access casino games on the go, expanding the potential customer base and providing a more accessible and convenient gaming experience.
  • Innovation and Game Development: The success of online casinos relies heavily on the innovation and development of captivating games. Software providers continually strive to create new and unique titles, incorporating cutting-edge technology and captivating themes to attract and retain players.
  • Customer Loyalty and Retention: The online casino industry is highly competitive, and customer retention is essential for sustainable growth. Loyalty programs, personalized offers, and exceptional customer service are crucial to retaining players and building a loyal customer base.
  • Responsible Gambling Initiatives: Online casinos are increasingly focusing on responsible gambling initiatives to promote safe and responsible gaming. Implementing measures such as deposit limits, self-exclusion options, and educational resources is crucial in maintaining a positive image and fostering trust among players.

Request a Customized Copy of the Online Casino Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=27599

Report Scope

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Feature of the Report Details
Market Size in 2023 USD 65.97 Billion
Projected Market Size in 2032 USD 105.77 Billion
Market Size in 2022 USD 61.55 Billion
CAGR Growth Rate 12.5% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Device and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Online Casino report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Online Casino report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Online Casino Market Report @ https://www.custommarketinsights.com/report/online-casino-market/


Online Casino Market: COVID-19 Analysis

  • The Surge in Online Gambling Activity: During the pandemic, with physical casinos closed and restrictions on social gatherings, many people turned to online gambling for entertainment. The closure of land-based casinos led to a surge in online casino activity as players sought alternative options from the safety of their homes.
  • Increased Player Registrations: Online casinos experienced a substantial increase in player registrations during lockdowns and quarantines. As more people spent time at home, the convenience and accessibility of online gambling platforms became more appealing.
  • Shift to Mobile Gaming: With people spending more time on their smartphones during the pandemic, mobile gaming witnessed significant growth. Online casinos optimized their platforms for mobile devices, attracting a larger mobile gaming audience.
  • Live Dealer Games: The popularity of live dealer games, where real dealers interact with players in real-time via video streaming, increased during the pandemic. Live dealer games provided a more immersive casino experience to players seeking the social interaction typically found in brick-and-mortar casinos.
  • Focus on Responsible Gambling: With increased online gambling activity, there was a growing emphasis on responsible gambling practices. Online casinos implemented measures such as deposit limits, self-exclusion options, and player protection tools to address potential concerns related to excessive gambling during the pandemic.

Request a Customized Copy of the Online Casino Market Report @ https://www.custommarketinsights.com/report/online-casino-market/

Key questions answered in this report:

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  • What is the size of the Online Casino market and what is its expected growth rate?
  • What are the primary driving factors that push the Online Casino market forward?
  • What are the Online Casino Industry’s top companies?
  • What are the different categories that the Online Casino Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Online Casino market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Online Casino Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/online-casino-market/

List of the prominent players in the Online Casino Market:

  • 888 Holdings Plc.
  • Bally’s Corporation
  • Bet 365 Group Ltd.
  • Betsson AB, Entain Plc.
  • FireKeepers
  • Flutter Entertainment Plc.
  • Churchill Downs Inc.
  • Kindred Group
  • Ladbrokes Coral Group Plc
  • Sky Betting & Gambling
  • Sportech Plc
  • The Stars Group Plc.
  • William Hills Limited
  • Others

Request a Customized Copy of the Online Casino Market Report @ https://www.custommarketinsights.com/report/online-casino-market/

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

Email Directly Here with Detail Information: [email protected]

Browse the full Online Casino Market Size, Trends and Insights By Type (Sports Betting, Casinos, iSlots, iTable, iDealer, Other iCasino Games, Poker, Bingo, Others), By Device (Desktop, Mobile, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 Report at https://www.custommarketinsights.com/report/online-casino-market/

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Online Casino Market – Regional Analysis

  • Europe: Europe was one of the leading regions in the online casino market. The region’s mature gambling industry, well-established regulatory frameworks, and high internet penetration contributed to its prominence. The UK, Malta, and Gibraltar were among the key European jurisdictions known for their online gambling regulations and licensing of online casino operators.
  • North America: The online casino market in North America experienced growth, particularly in the United States. The expansion of legal online gambling in several states, such as New Jersey, Pennsylvania, and Nevada, provided opportunities for licensed operators to offer online casino games to residents.
  • Asia Pacific: The Asia Pacific region exhibited significant growth potential in the online casino market. Countries like China, Japan, South Korea, and the Philippines showed increasing interest in online gambling. However, varying regulatory stances on gambling in different countries impacted the market’s development.
  • Latin America: Latin America represented an emerging market for online casinos. Some countries, like Colombia and Argentina, legalized online gambling and introduced regulations to attract reputable operators. The region’s expanding internet and mobile penetration provided opportunities for online casino growth.
  • Middle East and Africa: The online casino market in the Middle East and Africa was relatively small compared to other regions. Online gambling regulations were often stringent, and the penetration of legal online casinos was limited.

Click Here to Access a Free Sample Report of the Global Online Casino Market @ https://www.custommarketinsights.com/report/online-casino-market/

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • The subscription-based option is offered.
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

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Online Sports Betting Market: Online Sports Betting Market Size, Trends and Insights By Type (Line-In-Play, Fixed Old Betting, Daily Fantasy, E-Sports, Exchange Betting, Spread Betting, Others), By Sports Type (Football, Cricket, Tennis, Baseball, Volleyball, Basketball, Hockey, Horse Riding, Boxing, Golf, Racing, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032

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The Online Casino Market is segmented as follows:

By Type

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  • Sports Betting
  • Casinos
    • iSlots
    • iTable
    • iDealer
    • Other iCasino Games
  • Poker
  • Bingo
  • Others

By Device

  • Desktop
  • Mobile
  • Others

Click Here to Get a Free Sample Report of the Global Online Casino Market @ https://www.custommarketinsights.com/report/online-casino-market/

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Online Casino Market Research/Analysis Report Contains Answers to the following Questions.

  • What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Online Casino Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Online Casino Market? What Was the Capacity, Production Value, Cost and PROFIT of the Online Casino Market?
  • What Is the Current Market Status of the Online Casino Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Online Casino Market by Considering Applications and Types?
  • What Are Projections of the Global Online Casino Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Online Casino Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Online Casino Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Online Casino Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Online Casino Industry?

Click Here to Access a Free Sample Report of the Global Online Casino Market @ https://www.custommarketinsights.com/report/online-casino-market/

Reasons to Purchase Online Casino Market Report

  • Online Casino Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Online Casino Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Online Casino Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Online Casino Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Online Casino market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Online Casino Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/online-casino-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Online Casino market analysis.
  • The competitive environment of current and potential participants in the Online Casino market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Online Casino market should find this report useful. The research will be useful to all market participants in the Online Casino industry.
  • Managers in the Online Casino sector are interested in publishing up-to-date and projected data about the worldwide Online Casino market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Online Casino products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request a Customized Copy of the Online Casino Market Report @ https://www.custommarketinsights.com/report/online-casino-market/

About Custom Market Insights:

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Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Follow Us: LinkedIn | Twitter | Facebook | YouTube

Contact Us:

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CMI Consulting LLC

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Austin, TX, Travis, US, 78702

USA: +1 801-639-9061

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Artificial Intelligence

ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT

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SINGAPORE, June 19, 2024 /PRNewswire/ — ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

In a market dominated by fragmented legacy technology, Peak3 has pioneered a cloud-native, modular insurance core and distribution system that combines comprehensive capabilities for life, health, and property and casualty (P&C) insurance. Since its founding in 2018, Peak3 has become a trusted technology partner to global insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. It has also partnered with leading digital platforms such as Carro, Grab, Klook, and PayPay to build and scale their embedded insurance businesses.
Besides the successful fundraising, Peak3 has recently achieved key milestones underpinning the rebranding. These transformative achievements include launching its first multi-country, multi-tenant core modernisation in Europe, rolling out an integrated customer data and big data platform for scaling analytics and AI capabilities, and establishing its first technology centre in Europe. The rebranding coincides with another major milestone: Issuing over a billion insurance policies on Peak3’s systems – including the first policies issued to North American customers and the first ones to be issued in Africa.
“We have evolved from an embedded insurance pioneer in Asia to a global end-to-end technology partner for the insurance industry,” said Bill Song, Peak3 Group CEO and Co-Founder. “Our new name represents three pinnacles: scaling the heights of innovation, surpassing performance limits, and delivering superior reliability – as we help insurers reach the highest summits of their cloud, data, and AI transformation.”
Bill Song also emphasised the growth opportunity: “There is an incredible tech investment backlog in the US$7-trillion global insurance industry. Continued digitalisation and the proliferation of AI will require structural investments by insurers over the next decade to modernise their core systems. We are uniquely positioned to capture this opportunity by providing the tech core foundations and innovation use cases.” 
To accelerate its growth journey, Peak3 completed its Series A fundraising and welcomed two new investors on its cap table: EQT, a major global technology investor with a deep heritage in Europe, and Alpha JWC Ventures, a leading venture firm in Southeast Asia. With the funding, Peak3 will advance its analytics and AI capabilities toward an intelligent core insurance solution, grow its EMEA operations and establish new system integrator partnerships. Peak3 targets double-digit ARR growth this year and is on the path to reach cashflow breakeven over the coming quarters.
“Peak3 has also proven its capability to deliver greenfield digital insurance initiatives and complex multi-country core modernisation projects in APAC and EMEA. As the lead investor, EQT is committed to empowering Peak3 in its go-to-market acceleration by leveraging our global network,” stated Clara Ho, Partner at EQT.
J.P. Morgan acted as exclusive financial advisor to Peak3 for this Series A fundraising.
For media inquiries and interview requests, please contact Carling Sia, Global Head of Branding and Marketing, at [email protected].
For more information on Peak3, please visit www.peak3.com. For more information on EQT, please visit www.eqtgroup.com.For more information on Alpha JWC Ventures, please visit www.alphajwc.com.
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Artificial Intelligence

Lucinity Recognized as One of the Top 100 AI Fintech Companies Globally

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REYKJAVIK, Iceland, June 18, 2024 /PRNewswire/ — Lucinity has been featured in the AIFinTech100 list for 2024, marking its recognition as one of the top AI companies in the financial services industry. The AIFinTech100 list, curated by industry experts, highlights the most innovative fintech companies globally. Lucinity was selected from over 2,000 fintech firms for its problem-solving, market potential, innovation, and customer engagement. Earlier this year, Lucinity was also highlighted as a RegTech100 company.

 
 
This recognition comes amid rapid AI adoption in fintech. According to Fintech Global, research predicts the AI market in fintech will grow from $42.83 billion to $44.08 billion by 2024, reaching $50.87 billion by 2029. Banks alone are expected to spend $4.9 billion on AI platforms by 2024, with a 21.8% annual growth rate since 2019.
Lucinity’s inclusion in the AIFinTech100 list reflects its success in developing AI solutions that enhance efficiencies and cost savings for financial crime operations teams. Notably, Luci, the world’s first Generative AI copilot for financial crime investigations, launched in 2023, leverages Microsoft OpenAI technologies to augment human analysts’ capabilities, reducing investigation times from 3 hours to just 30 minutes. 
Lucinity also recently launched Luci as a copilot plugin at Money20/20. Financial institutions are now able to integrate Luci with any web-based enterprise application including CRM systems, Case Manager systems, and Excel, delivering immediate ROI with zero upfront integration. 
Security remains a significant challenge in AI adoption. Lucinity addresses this by partnering with Microsoft Azure develop a secure infrastructure. With a strong emphasis on compliance, Luci offers comprehensive auditability through its detailed Audit Log functionality.
Guðmundur Kristjánsson (GK), CEO of Lucinity, comments, “Being named in the AIFinTech100 showcases our impact amongst banks and fintech through advanced AI. It underscores our platform’s ability to empower compliance teams, deliver ROI, and reduce operational costs.”
Richard Sachar, Director of FinTech Global, added, “AI is revolutionizing financial services, increasing efficiencies and offering personalized products. This year’s AIFinTech100 list includes top innovators transforming the industry with AI applications.”
Lucinity’s inclusion in the AIFinTech100 list for 2024 follows several achievements, including winning the Microsoft Partner of the Year Awards for Sustainability and Social Impact and Partner of the Year – Iceland. Lucinity was also included in Chartis Research’s FinCrime and Compliance 50 Ranking for 2024 and was recognized as the best tool for Workflow Automation.
Name: Celina PabloEmail: [email protected] +354 792 4321
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Artificial Intelligence

CRISIL wins Model Validation Tools and Accelerators category award, other recognitions from Chartis

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Recognized among top 50 financial services firms for analytics and risk tech
MUMBAI, India, June 18, 2024 /PRNewswire/ — CRISIL, a global provider of advanced analytics and risk management solutions, has won the Solution Category award for Model Validation Tools and Accelerators as part of the latest Chartis STORM 2024 report.

Published by Chartis Research, the leading provider of research and analysis on the global market for risk technology, STORM 2024 is an annual report on quantitative technologies and the computational infrastructure supporting it.
Following an extensive evaluation process, which included a risk technology survey, product demo, customer reference checks, and third-party sources of information, CRISIL won the following recognitions:
Solution category award for Model Validation Tools and AcceleratorsRanked Top 25 (#24) in QuantTech50 2024 rankingsRanked Top 25 (#24) in BuySideRisk50 2024 rankingsRanked Top 50 (#38) in RetailFinanceAnalytics50 2024 rankingsThe recognitions reflect the unparalleled value CRISIL brings to its clients through deep domain expertise, specialized analytical and technical knowledge and our global perspective.
Says Jan Larsen, President and Head, CRISIL Global Research & Risk Solutions, “CRISIL is honored by the recognition across multiple STORM50 award categories this year, including being named first place for Model Validation Tools and Accelerators. This is a great testament to the contributions of our team in giving clients and their regulators confidence in the models they use for making critical decisions.”
The core tenets of CRISIL’s value proposition include expertise across asset classes and risk stripes, analytical excellence and regulatory experience, tailored solutions focused on client delight, continuous improvement and technological innovation. 
Says Ashish Vora, President, CRISIL Market Intelligence and Analytics, “This prestigious recognition underscores the global acceptance of our risk management solutions and highlights our unwavering commitment to excellence in the risk technology space. Our Credit+ technology solutions have been instrumental in offering AI-enabled advanced analytics and driving efficiency, and we are particularly proud of the exceptional client feedback we have received for these solutions. We are constantly exploring new ways to enhance customer value and are investing in cutting-edge technology and domain expertise to maintain our position at the forefront of the industry.”
Notable examples of CRISIL’s platforms that help demonstrate this value proposition include: 
Model Infinity: A leading platform for model inventory management and model risk management. This innovative platform empowers our client to centralize all model activities, eliminates manual processes and operational risk, and provides a full audit trail of approvals for modeling assumptions and updates. Scenario Expansion Manager (SEM): A platform for clients to expand, analyze and track all regulatory and internal scenarios used for stress testing. As a centralized repository of scenarios, SEM allows institutions to eliminate redundant internal work and even provide clients the ability to share internal scenarios with one another. Credit+ ICON: The platform enables credit decision-making through its extensive financial spreading and front-end based credit risk scorecard hosting capabilities. Powered by deep domain expertise, AI-driven analytics and extensive configurability, it serves 40+ global clients across 15 countries.Credit+ Early Warning Signals: The AI-powered solution provides banks with actionable insights to monitor their credit quality, lower loan-loss contingencies and track corrective action plan.About CRISIL Market Intelligence & Analytics
About Global Research & Risk Solutions
About CRISIL Limited
Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK 
CRISIL PRIVACY
Disclaimer
This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc.
CRISIL has taken due care and caution in preparing this press release. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. CRISIL, especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
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