SCHUMANN’s virtual conference on digital credit risk management

The financial implications of the coronavirus pandemic are huge. Following the initial ad-hoc measures, it is now important for businesses to embark on long-term planning again to make sure they will be able to cope with future changes. This in particular applies to credit risk management – and across multiple sectors. At hardly any time in the past has it been so important for insurers, financial service providers and trade & industry to reduce risks and ensure the liquidity of their business as it is today. It is also the right time to exploit the possibilities offered by digitalisation and to drive forward process automation and connections to market players. This can result in a decisive competitive advantage, as the optimisation of processes through the use of technology makes companies both more efficient and resistant.

The target group for SCHUMANN’s conference is decision-makers who are responsible for the development of their company and the transformation of processes in credit risk management. It will outline how technology can cater for their requirements and describe how to implement it to optimum effect. Eminent speakers will describe their experiences with the realisation of digital projects in the context of credit and credit risk management.

"The need to stage our conference as an online event this year due to the current situation now even seems to me to be an advantage, as it is now allowing us to admit a far greater number of international experts. And it is networking across countries and sectors and the active exchange of opinions and information that characterises SCHUMANN’s conferences", comments Dr. Martina Städtler-Schumann, Managing Director of SCHUMANN.

The range of interests covered at the congress by means of four parallel channels is unmatched in terms of its extent. The panel discussions, lectures and presentations taking place at the conference will deal with the following topics:

• Risk Evaluation in Times of Crisis
• Claims Management and Liquidity Planning
• Technology and Innovation
• Compliance

Städtler-Schumann explains: "It is quite possible that coronavirus will turn out to be an innovation accelerator. Selection of the right technology and key market trends for the operational and strategic digital transformation of processes in credit risk management is one of our central themes." Does the future lie in platform eco systems which link the different systems together by using data interfaces? And to what extent must an automated IT solution additionally always provide for manual intervention, e.g. to respond to changes in market conditions? This and other questions will be answered at SCHUMANN’s conference. Attendees can look forward to valuable presentations and discussions about successful strategies in the fields of credit risk management and digital transformation.

The programme and registration form for the SCHUMANN Digital Credit Risk Management Conference on 1 October 2020 can be found here: www.prof-schumann.com/conference.