Lenders everywhere are now waking up to the fact that using only historical data and lagging financial indicators in their risk calculations will give them, at best, an incomplete picture of their borrowers. At worst, these traditionally used metrics allow only for backward-looking counterparty monitoring. With market volatility on the rise, financiers need to revisit their current reactive monitoring practices and transform them into modern methodologies that will allow for more proactive risk mitigation. Crucially, this will allow them to stay ahead of the curve instead of behind it.