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Partnership expansion

Vestjysk Bank expands its cooperation with AQRisk

15/03/2022

We are very happy to announce that Vestjysk Bank and AQRisk expand its fintech partnership.

AQRisk has been working closely with Vestjysk Bank since 2021 - in supporting effective operational risk management with the AQOpRisk application - and now expand the cooperation greatly, by providing the fintech application AQClients360 for optimizing core banking, pricing and profitable growth.

Morten Virenfeldt, CEO at AQRisk comments: “We are looking very much forward to working even closer with Vestjysk Bank. They rank among the very best in performance in Denmark, and we are proud that they now migrate from an internal framework to the AQRisk platform for pricing and core business optimization”.

AQRisk will provide Vestjysk Bank with support in optimizing core banking across many areas and provide value-creation with deep new business insights, higher profitability, reduction in potential credit loss, resource optimization, better utilization of client potentials, full documentation and stronger standing with the regulatory authorities.

On the collaboration, Concept Director, Per Skaaning, comments: "We have had a close and good working relationship with AQRisk concerning operational risk management since mid-2021, and now extend the collaboration to include our pricing models. Among other things, we are looking forward to a better data overview in the reporting. We expect that the solutions from AQRisk will provide us with a stronger basis for decision-making when we need to work with business optimization in a broad sense."

Vestjysk Bank is a full-service bank that advises private and corporate customers locally and regionally via 30 branch offices in Jutland. It ranks among the 10 largest banks in Denmark.

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