Como, July 5-th 2013. Unicredito has awarded Ontonix a contract for the development of a Rating Alert System capability. The objective is to develop a resilience rating-based pre-alarm system that will identify a-priori portfolios of defaulting companies. "The system shall be developed based on previously performed research with Unicredito, which has identified a recurring pattern in portfolios of companies that default, namely a substantial increment of complexity one year prior to default", said Dr. J. Marczyk, President and Founder of Ontonix. "Rapidly increasing complexity prior to a "trauma" is a scheme that we observe in numerous systems and applications. Research performed with thousands of companies has further confirmed that and today, in the framework of collaboration with Unicredito, we shall be developing a software solution to automate the process of identification of the ones that default" he added. "Having indications of imminent default is a capability providing precious time which is particularly important in a turbulent and globalized economy" he concluded.
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