Hampshire Trust Bank (HTB) has hired credit risk and AI expert Jaywing to enhance its forecasting framework and comply with IFRS 9 stress-test requirements.
Jaywing will prepare the specialist bank for this year’s Internal Capital Adequacy Assessment Process (ICAAP), which offers an ongoing assessment of a bank’s risks.
HTB has received support from Jaywing in designing and implementing a consistent methodology for the bank’s product portfolio, enabling HTB to overcome several challenges.
“Through a flexible collaboration with our internal teams coupled with a can-do attitude, they supported the development of a modelling framework with the right balance of complexity and pragmatism to ensure we achieved our objectives within the set timeframes,” said Clive Gavin, chief risk officer at HTB.
Nevan McBride, risk practice director at Jaywing, added: “We’re delighted to be working with HTB on such a strategically important project, enhancing its stress-test modelling and ensuring full alignment with this year’s ICAAP.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
N26 officially launches in the US
N26 has officially launched in the USA after completing its two-month beta program...
An interview with Ed Siegel: Savers want ‘reassurance’ that their money is used to support positive social change
In an interview with Specialist Banking, Ed Siegel, chief executive at Charity Bank (pictured above), talks about the rising demand for ethical finance, and improving awareness of this particular sector...
Landlord confidence reaches seven-year low
Only 29% of landlords have positive expectations for their letting business over the next three months, according to recent research...
Shawbrook grows structured finance team
Shawbrook Bank has appointed Brook Kalkhoven (pictured above) as an associate director to its structured finance team...
OakNorth expands with new Manchester office
OakNorth has moved into a new office in Manchester at Ship Canal House...
What is a link mortgage?
Assume you have a high-net-worth (HNW) client who finds a new property they want to purchase before they have sold their main residence — what solution would you choose...
Shawbrook names new relationship director for London
Shawbrook Bank has appointed Adam Agius (pictured above) as its new relationship director for the London, Thames Valley and South region...
Wyelands Bank launches asset finance offering for renewables sector
Wyelands Bank has appointed Mark Turrell (pictured above) to its asset finance team as it launches its newly created offering for the renewables sector...
Leek United reveals mortgage rate reductions
Leek United has revealed rate reductions for two of its most popular mortgages...
Gravity selects Finastra to power banking and lending services
Gravity has selected Finastra’s Fusion Essence in the cloud solution for its end-to-end core banking capabilities...
An interview with Paul Stockwell: Islamic finance has ‘enormous opportunity’ for growth over coming years
In an interview with Specialist Banking, Paul Stockwell, chief commercial officer at Gatehouse Bank (pictured above), discusses increasing awareness of Islamic finance and opportunities in the banking world...