Champion/Challenger Environment
Innovation is essential for continued improvement, but it can also create increased risk if not thoroughly evaluated before being implemented. Testing and analysis, although necessary, can be very expensive. Zoot provides financial institutions effective, realtime evaluation of new ideas. In a traditional environment, a new idea is analyzed using regression tests, and the results are evaluated. With Zoot’s champion/challenger capability, the new idea—the challenger—can run alongside the current model—the champion—resulting in comparative data to evaluate the better practice.
Running Side by Side
When you run your champion and your challenger in parallel, simultaneously processing each application, you will be able to identify differences and powerful results. Alternatively, you might run only a subset of applications through the challenger, or you might use batch testing with applications over an extended time period to obtain a larger sample size.
Innovation Tested
Zoot’s champion/challenger environment lets you be more innovative and experimental with a discovery process that has the potential to bring new credit policies and products to market with far less risk and cost to evaluate. Rapid development and testing go hand-in-hand to make it possible to quickly respond to market changes.
Safe Place
Zoot’s champion/challenger environment makes complex testing offline and extensive validation unnecessary. Instead, business users can use Zoot’s rules management tool to create the test in realtime and provide results in realtime, without affecting the ongoing champion (production) environment. Whether it is a new business process, a new pricing model, a new product, or different evaluation methodology, Zoot’s champion/challenger environment allows you to test thoroughly to make intelligent and proven rapid responses.
Learn More
Solution Brochure, "zEnvision Credit Risk Lab"
Industry brief, "Developing Risk Policy in a Dynamic Market"
Webinar, "Take Back Control of Credit Risk Management"
Case Study, "Credit Risk Lab"
