Business mobility and fleet leasing provider Alphabet (GB) has announced it’s first-ever success in the 2017 Credit Excellence Awards.

The company was successful in the category of Risk, Data and Fraud Prevention for its Commercial and Consumer (Co-Co) credit.

The award recognises Alphabet’s in-house development of a Commercial and Consumer (Co-Co) Scorecard, which has been “instrumental in the business’ success over the past 18 months in the vehicle leasing and business mobility arena”.

Alphabet’s chief risk officer John Chuhan said: “This award is a fantastic achievement, it’s a first for Alphabet and is external recognition of the journey we’ve been on since 2015.

“We’ve been quietly transforming our approach to understanding and managing Commercial and Consumer credit through real innovation and insight.

“We believe that our approach is truly industry-leading for our sector. To get here has involved a huge amount of input and effort from people across the Alphabet business – which is why we’re pleased to be able to share this evening’s celebration with the wider team.

“The project required significant levels of technical expertise, specialist analysis and scorecard architecture so special recognition should also go to our scorecard analyst, Viv D’Souza.

"In addition, our head of asset risk, Neal Coleman and our head of credit risk, Matthew Li really drove this superb piece of work.”

CCR Magazine’s editor Stephen Kiely said: “The winning entry was professional, structured and detailed the challenges, outputs, benefits and learnings.

"The judges particularly liked the emphasis on innovative solutions and affordable lending within the balanced scorecard with clear tangible benefits identified post implementation.”

Pictured: John Chuhan, chief risk officer for Alphabet (GB) collecting the award with the Alphabet team from Sue Chapple, director, CICM (awards host), Ulf Eggefors, regional director, Hoist Finance (main sponsor), Pete Whitmore, EMEA credit risk manager, Westcon Group (award judge) and Stephen Kiely (editor, CCRMagazine).

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