Banks across Africa face many compliance and risk challenges, but the implementation of an effective Risk and Finance Platform can help them to stay relevant in a rapidly changing market.

Charles Nyamuzinga, Risk Consultant at SAS, says regulators are becoming more stringent on governance and control issues around methodologies and data that banks use to develop the credit scoring models, and to determine how much capital they need to cover future losses.

Charles Nyamuzinga, Risk Consultant at SAS says effectively, IFRS 9 demands that accounting statements provide a more accurate view of a bank's financial situation, by bringing the impairment methodology used within finance closer to the risk processes employed in expected loss calculations under the Basel regime.