Securing a well-recognized position in Korean market, credit rating business segment of Nice has continuously maintained and reinforced its leading position. NICE is providing a comprehensive solution to all financial institutions so that retail lending and SOHO could be operated and managed effectively. Simultaneously, NICE provides customized credit rating models corresponding to modern financial services such as credit cards, card-loan, low rating industries and information services…

NICE is the house of highly qualified and professional experts and specialists who develop proven and well-recognized credit rating system in the market. NICE is currently providing the most professional consulting services corresponding to different business aspects. NICE optimizes the consulting services via modern methodology and related experience, from the stage of analysis, design to maintenance with high professionalism in order to build the optimal credit management in financial institutions.

NICE is continuously diversifying the portfolio of consulting services and solutions towards different directions. NICE does not only provide credit rating and risk management related solutions but also the supervision system of indexes in order to evaluate the risk volatility of assets owned by financial institutions. Also, NICE offers optimal solutions for risk-based revenue and marketing management solutions so that financial institutions could optimize their decisions in choosing risk-based marketing options, obtain a multifaceted analysis such as optimizing bond pricing, customer searching and cross-selling…

NICE provides professional consulting services in terms of credit rating models and application strategies in offering loans and credit cards – offering a comprehensive solution for credit related transactions, from offering services, appraising, predicting probability of defaults, management of credit lines, interest rates, overdue debts and building a credit rating system in order to optimize asset management. Each credit institution therefore owns standard risk management functions in order to adapt with changes in financial environment and quickly respond to requirements from supervisory agencies.

NICE has developed collection models in order to predict the collection possibility of overdue debts, thus predicting the priority of the collection of overdue debts and restructure different receivables for many debts, thus establishing the optimal collection management strategy. On the basis of standardizing debt collection management, credit institutions could optimize debt collection strategy. To be more specific, credit institutions could allocate the priority for debt collection in the most optimal approach via modelling and different optimal debt collection strategies.

The early warning system enables the identification of overdue debts and customers with signals of default signs or customers with high probability of overdue debts, therefore establishing certain rules to provide early warning strategies to eliminate overdue debts. Via monitoring credit status of customers on a daily basis (Daily EWS), credit institutions could identity customers with early warning symptoms on a real time manner.