StatDec is the advisory and analytical arm of the Tiresias group — the credit bureau of Greece. We combine more than three decades of large-scale modelling experience with Tiresias' unique data assets to help institutions make better-evidenced decisions.
We do not sell software or off-the-shelf solutions. We build models that your team understands, documentation that withstands supervisory review, and recommendations you can act on.
From our base in Athens we work with banks, credit institutions and lenders in Greece, Cyprus, Romania, Bulgaria and the wider South-Eastern Europe region, on everything from credit scorecard development to independent model validation and IFRS 9 and Basel IRB estimation.
What we do
Credit risk modelling and validation services
From scorecard development through independent validation to regulatory readiness — across the full model lifecycle.
Scorecard Development
Application, behaviour and customised bureau scores, plus MetaScores that combine your existing model inventory into a single holistic assessment.
Learn more ›Model Validation
Independent validation of credit, IFRS 9, IRRBB and liquidity models — aligned with the ECB's revised Guide to Internal Models and the EBA framework.
Learn more › NewAI Act Compliance
Credit scoring is a high-risk use case under Annex III. A structured framework covering data, features, outcomes, oversight and Annex IV documentation.
Learn more ›Supervision: Basel & IFRS 9
PD, LGD and EAD estimation, IRB roll-out support, ECL staging and lifetime parameters, and the documentation supervisors expect to see.
Learn more ›Consulting
Business reviews, credit policy alignment, profitability analysis and restructuring frameworks — grounded in what the portfolio data actually shows.
Learn more ›Propensity, valuation, MIS & training
Propensity models, portfolio valuation, MIS design and professional training in retail risk, SAS and Python.
All services ›Why StatDec
Three decades of doing this properly
No black boxes
Knowledge transfer is built into every engagement. Your staff should understand the rationale, functioning and impact of every part of the credit cycle — not just receive a score.
Independent by design
As a specialist external validator, we satisfy the independence requirement under EBA/GL/2023/01 for institutions that need a third line of defence.
IT-independent delivery
No software licence, no platform lock-in. Models are delivered in a form your existing systems can implement, avoiding compatibility constraints.
Tailored, never templated
No two institutions or sets of circumstances are the same. Each project is scoped as a unique challenge and pitched at the right level for the situation.
Business perspective
Beyond statistical metrics: are the models being used properly, are the decisions optimal, are the risk estimates fit for business purpose?
Actionable outcomes
Every engagement concludes with a prioritised action plan. Reports are reviewed by more than one experienced professional before they reach you.
Sectors
Sectors where our models are used
Banking
Retail and SME lending — origination, account management, collections, capital and provisioning.
Insurance
Risk-based pricing, fraud modelling and Solvency II support.
Telecoms & Energy
Churn, credit risk at acquisition, and collections prioritisation for large subscriber bases.
Retail, Marketing & Leasing
Customer analytics, campaign targeting and portfolio segmentation without new software.
Latest
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Let's discuss your model inventory
Whether you need an independent validation, a new scorecard, or a clear view of where you stand against the AI Act, we can help you scope it.
Get in touch