Information Security Policy
This policy aims to protect StatDec’s information from internal and external threats, ensuring the confidentiality, integrity, and availability of information, both for its clients and its own operations.
The policy applies to all employees, partners, and external suppliers of StatDec who have access to the company’s information systems, data, and infrastructure, including data analysis and credit scoring models.
StatDec is committed to the following principles of information security:
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Confidentiality: We ensure that our clients' information and business data are accessible only to authorized individuals.
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Integrity: We ensure the accuracy and completeness of information and prevent any unauthorized changes.
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Availability: We ensure that information and systems are available when needed by their users.
StatDec follows a continuous risk management process that includes the regular identification and assessment of threats in the field of information security, particularly in areas related to data analysis and the development of models for the banking and insurance sectors.
All StatDec employees are responsible for:
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Following information security procedures.
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Immediately reporting any security incidents or suspicious activity.
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Participating in regular training sessions on information security.
This policy fully complies with ISO 27001:2022, as well as all relevant regulations and legislation, such as the General Data Protection Regulation (GDPR) and other data security-related regulations.
The information security policy will be reviewed annually or when there are significant changes in StatDec’s business data and operations, aiming for the continuous improvement of the Information Security Management System (ISMS).
The company ensures that all employees are adequately trained in security procedures through regular training and updates on information security threats.
This policy has been approved by StatDec’s management and will be communicated to all employees and partners for immediate compliance and implementation.
Commitment & Responsibility – We take ownership of our assignments and we are committed to provide superior services to our clients.
Quality – We believe in our work and we place our outmost care on each project.
Integrity – Proud for our strong business ethics and integrity.
Respect – Statdec’s working culture is in its core based on respect; towards and from our clients and associates, but also between staff members
A Tailored Solution – No two institutions or sets of circumstances are the same; In StatDec we do not offer off-the-shelf solutions but instead approach each project as a unique challenge and delivers targeted solutions set at the correct level for each situation.
Full Consultation – Success in retail banking involves the interaction of many processes and areas of the business. With our in-depth knowledge and extensive experience of the whole cycle, we are able to advise our clients on the impact of changes not only in the area being examined but also the knock-on effects on other areas of the business.
Not content with just reporting numbers; all of our reports, analysis and other outputs are reviewed by more than one experienced professionals who add targeted consultation and actionable recommendations
Full Disclosure – StatDec abhors the black-box approach offered by many in the industry. In order for a business to progress it is essential that their staff becomes familiar with the rationale, functioning and impact of all parts of the credit cycle. To this end, knowledge transfer is an inherent and fundamental part of every StatDec’s project.
Collaboration – is the key to the success of a project with both parties, StatDec team and the client, working closely together, building trust and each providing important insights; StatDec will bring the same high degree of commitment to every project
IT-Independent Solutions that allow flexibility in implementation alternatives and avoid compatibility constraints
Flexible and Responsive Project Management, so as to link deliverables with findings throughout the analysis
Consulting Team
The consulting team of StatDec is formed by professionals with extensive experience in modelling and consulting in retail portfolios.
Petros Kapasouris, President of the Management Board
Nikolas Karanasios, Chief Executive Officer
Dimitris Velopetropoulos, Senior Risk Manager
Christos Grammatikos, Senior Risk Manager
Staff
StatDec's analytics and consulting staff has a strong educational background with postgraduate degrees in fields of mathematics, statistics, operational research and decision sciences.
Training and self-improvement is part of StatDec's business ethics.
StatDec provides Independent Portfolio Valuation services for Buyers or Sellers of Retail Portfolios.
Whether as a part of merger and acquisition due diligence, the sale/purchase of distressed assets or preparation for the secondary market, it is essential to be able to quantify future cash-flows from both anticipated income, likely credit losses and, especially in the case of distressed portfolios, recovery streams.
Determination of the expected future revenue of a portfolio allows appropriate pricing for asset sales.
Using StatDec’s broad experience in analysing retail portfolio behaviour, the methodology that best fits the given situation is selected.
Approaches taken include:
- Data quality and process review to confirm that the available data represent full and concise information for the analysis
- Identification of key drivers of future cash-flows or recoveries
- Benchmarking expectations vs. reference portfolios
- Model and/or segmentation approach for portfolio cash-flows estimation for lifetime or fixed time horizon
Why StatDec?
StatDec's Valuation Solutions offer a trustworthy and independent assessment of a portfolio value, from a firm renowned for its experience and technical expertise in Retail Credit Risk modelling.
StatDec's Portfolio Valuation solutions can be based on both Bottom-Up and Top-Down approaches, depending on the information depth and the objective on the accuracy of the estimate. Bottom-up approaches require more extensive data management but provide better estimations, since they capture the portfolio dynamics based on risk criteria in greater detail. Recovery and PD models are used or developed for the purposes of the Valuations, while results can be macroeconomically adjusted to represent scenarios on future economic conditions
In Countries with extensive market experience of retail portfolios Behaviour patterns, such as in the Greek and Romanian, StatDec's Valuations can be benchmarked against relevant portfolios. Thus, Portfolio Valuations can be enriched with expert judgement even in situations with data limitations.