Enterprise risk management platform for banks with integrated market risk, credit risk, liquidity risk, and ALM capabilities. Features include risk analytics, scenario modeling, stress testing, regulatory compliance, and risk reporting.
Integrated solutions for managing risk across the entire organization, providing a holistic view of the bank's risk profile.
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Multi-source Data Integration Ability to integrate data from various core banking, treasury, and trading systems. |
Algorithmics platform indicates ability to integrate data from core banking, trading, and other systems as part of enterprise risk management offering. | |
Real-time Data Feed Ingestion and processing of near real-time or real-time risk data. |
Described as supporting real-time risk calculations and analytics, implying real-time data ingestion capabilities. | |
Batch Data Processing Capability Ability to process large datasets in scheduled batches. |
Batch data processing is standard for risk and regulatory platforms like Algorithmics (regulatory stress tests, batch ETL, etc.). | |
Data Normalization Tools Processes and tools to normalize disparate data into a standardized format. |
Data normalization is necessary for aggregating disparate risk and treasury feeds and is standard in Algorithmics’ offering. | |
Data Volume Capacity Maximum volume of data that can be processed within a given time. |
No information available | |
API Integration Support Availability of APIs for easy connection to other platforms. |
API integration is described as part of Algorithmics for external and internal system connectivity. | |
ETL (Extract, Transform, Load) Workflows Support for building automated data transformation pipelines. |
ETL workflows are essential to ingest and transform data for analytical models and are documented in Algorithmics. | |
Automated Data Quality Checks Capability to automatically check and correct data inconsistencies. |
Automated data quality checks are a standard feature of risk management products like Algorithmics. | |
Unstructured Data Support Ability to ingest and interpret unstructured data (e.g., PDFs, scanned images). |
No information available | |
Historical Data Archiving Retention and easy retrieval of historical data for back-testing and analysis. |
Historical data archiving is required for backtesting and analysis in Algorithmics. | |
Data Privacy Controls Mechanisms to ensure sensitive data is handled according to privacy regulations. |
Data privacy controls are offered to comply with banking regulations globally. | |
Manual Data Input Option Ability to input or edit essential data manually when necessary. |
Manual override and input capabilities are standard in risk analytics to account for exceptions and corrections. |
Credit Risk Models Inbuilt or customizable models to assess credit risk. |
Inbuilt credit risk models are often cited as a core Algorithmics capability. | |
Market Risk Models Support for Value at Risk (VaR), stress testing, and other market risk calculations. |
Market risk analytics including Value at Risk (VaR) and stress testing are highlighted as Algorithmics strengths. | |
Operational Risk Modules Assessment and quantification of operational risks. |
Operational risk modules are included and described in product literature. | |
Liquidity Risk Analytics Tools to measure and simulate liquidity risk across the institution. |
Liquidity risk analytics and ALM are explicit features. | |
Scenario Analysis Engine Ability to create and evaluate custom stress and scenario analyses. |
Scenario analysis and customized stress models are core marketing points for Algorithmics. | |
Monte Carlo Simulation Support Capability to run Monte Carlo simulations as part of risk calculations. |
Monte Carlo Simulation is standard for market and credit risk calculations in Algorithmics. | |
User-defined Model Support Flexibility to implement bank-specific or regulatory-defined analytics models. |
Support for user-defined models and custom analytics is referenced in vendor documentation. | |
Portfolio Aggregation Ability to assess risk at the portfolio and sub-portfolio levels. |
Portfolio aggregation and drill-down analytics at various levels are standard in Algorithmics. | |
Non-performing Loan Analysis Analytics to identify and analyze non-performing assets. |
Non-performing loan analytics are referenced for credit portfolios. | |
Predictive Analytics Use of machine learning or statistical techniques to forecast future risk exposures. |
Predictive analytics referenced via regression and scenario forecasting in Algorithmics marketing collateral. | |
Limit Checking and Enforcement Ability to monitor and enforce risk limits in real-time. |
Limit checking and enforcement is described as a component of both market and credit risk modules. | |
Exposure Calculation Speed Time taken to calculate exposure metrics. |
No information available |
Regulatory Reporting Templates Pre-defined templates to produce required regulatory disclosures (e.g., Basel III, Dodd-Frank). |
Regulatory reporting templates included (Basel, Dodd-Frank, others) for risk/compliance outputs. | |
Customizable Dashboards Interactive dashboards tailored by user or role. |
Customizable dashboards referenced for risk, compliance, and management users. | |
Automated Report Generation Scheduled and on-demand automated report production. |
Automated, scheduled, and ad hoc report generation is referenced as a reporting feature. | |
Data Export Formats Supported formats for report export (e.g., PDF, Excel, CSV). |
Export into PDFs, Excel, CSV is standard for Algorithmics. | |
Drill-down Capability Ability to explore reports interactively down to granular transaction data. |
Drill-down into dashboard entries supported, according to product sheets and user guides. | |
Mobile Access Access to dashboards and reports from mobile devices. |
No information available | |
Ad Hoc Reporting Support for custom, on-the-fly report creation. |
Ad hoc report generation is cited as a management tool for users. | |
Visual Analytics Tools Inbuilt charts, graphs, and data visualization components. |
Inbuilt visual analytics are available in reporting/dashboards. | |
Presentation-Ready Output Direct export to formats usable in board-level presentations. |
Presentation-ready outputs for management are documented (PPT/PDF formats, etc.). | |
Report Scheduling Automated scheduling of regular report distribution. |
Report scheduling appears in platform documentation for regular risk/regulatory reporting. |
Automated Risk Identification System automatically flags and records emerging risks based on data patterns. |
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Manual Risk Entry and Categorization Users can enter, describe, and classify risks manually. |
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Risk Taxonomy Management Flexible, hierarchical categorization of risk types. |
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Risk Register Central repository to track and manage all identified risks. |
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Qualitative Risk Assessment Tools Facilities to score or rate risks based on qualitative criteria (likelihood, impact, etc.). |
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Automated Risk Scoring Automatic assignment of risk scores based on preset algorithms. |
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Alert and Notification System Notification to relevant parties when new risks are logged or thresholds breached. |
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Risk Appetite Alignment Compatibility checks of identified risks against board-approved risk appetite. |
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Third-party Risk Assessment Ability to assess risks posed by external vendors and partners. |
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Control Library Central database of controls with descriptions, owners, and effectiveness ratings. |
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Action Tracking and Workflow Features to track mitigation actions, assign owners, and monitor deadlines. |
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Automated Control Testing Automated assessment of control operating effectiveness. |
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Audit Trail for Control Changes Logging of all modifications to controls for compliance and transparency. |
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Incident Management Integration Linking risk controls to incident or loss event records. |
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Control Effectiveness Scoring Mechanism to rate and report effectiveness of controls. |
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Remediation Plan Automation Automated reminders and workflow for outstanding remediation actions. |
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Control Ownership Assignment Ability to designate owners and stakeholders for each control. |
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Evidence Collection Support Ability to attach documentation or evidence to control records. |
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Risk Treatment Tracking Monitor progress and results of selected risk mitigation treatments. |
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Regulatory Change Management Tools to monitor and update policies/processes for regulatory changes. |
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Compliance Checklist Module Interactive modules to manage and complete compliance requirements. |
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Policy Document Management Facility to store, distribute, and update risk policies and procedures. |
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Automated Control Mapping Auto-mapping of risks and controls to relevant regulatory requirements (e.g., SOX, Basel). |
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Internal Audit Workflow Integration Integration with internal audit plans, findings, and follow-ups. |
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Compliance Monitoring Alerts Notifications for lapses or upcoming compliance obligations. |
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Audit Trail Logging Comprehensive logs of user actions for traceability and audit purposes. |
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Attestation Management Ability to record user sign-offs on policies, controls, or process changes. |
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External Reporting Tools Support for required interfaces with regulators and industry bodies. |
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Role-based Access Control (RBAC) User permissions and access tailored to job role. |
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Multi-factor Authentication Multiple verification steps for user login. |
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Encryption of Data at Rest Data stored in the platform is encrypted. |
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Encryption of Data in Transit Data exchanged with the platform is encrypted. |
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Single Sign-On Support Integration with enterprise authentication (SSO/AD/LDAP). |
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Granular User Permissioning Ability to specify access rights at module or data level. |
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Session Timeouts Automatic log-off after periods of inactivity. |
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User Access Audit Logs Tracking of login, logout, and user activity. |
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Segregation of Duties Enforcement Prevents conflicting roles from being assigned to the same user. |
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Workflow Automation Automated routing and escalation of risk-related tasks. |
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Task Assignment and Tracking Assign and monitor activities related to risk management. |
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Commenting and Discussion Tools Facilities for team collaboration and communication on risk records. |
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Notification Systems In-platform and email notifications on workflow progress and deadlines. |
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Role Escalation Paths Automated escalation of issues to higher authorities when needed. |
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Workflow Customization Ability to tailor workflows to match organization-specific processes. |
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Calendar Integration Sync with calendars for deadlines, reviews, and meetings. |
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Open API Support APIs available for both inbound and outbound integration. |
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Pre-built Connectors Ready-to-use integrations with widely used banking platforms and ERPs. |
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Third-party Data Integration Ability to ingest data feeds from market data providers and rating agencies. |
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Bulk Import/Export Tools Import or export large data sets in various formats. |
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Cloud Platform Support Compatible with major cloud providers (AWS, Azure, GCP). |
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On-premises Deployment Option Available as an on-premise install for banks with strict data residency requirements. |
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Mobile App/API Integration Integration with mobile apps and APIs for remote access. |
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Concurrent User Support The number of simultaneous users supported without performance degradation. |
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System Uptime Guaranteed service availability over a defined time period. |
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Response Time Time to retrieve or save risk data. |
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Load Balancing Automatic distribution of work across servers for high performance. |
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Horizontal Scalability Ability to increase capacity by adding more servers or resources. |
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Disaster Recovery Capability Ability to restore operations quickly after major system failure. |
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Data Backup Frequency Interval between automated data backups. |
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Intuitive User Interface Ease of navigating and performing tasks within the platform. |
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Role-based User Interfaces Customized views and features available depending on the user's role. |
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Multilingual Support Availability of the platform in multiple languages. |
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Contextual Help and Tooltips In-line help and guidance for forms and features. |
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Video and Written Training Materials Access to training resources for onboarding and ongoing learning. |
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Dedicated Customer Success Team Access to a team for onboarding, training, and support. |
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24/7 Support Availability Ability to obtain technical or functional assistance at any time. |
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User Community Portal Access to a collaborative portal for users to exchange best practices. |
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Feedback and Feature Request Tools Facility for users to submit feedback or request new features. |
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Role-based Access Control Support for assigning roles with fine-grained permissions to users. |
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Multi-factor Authentication Requirement for multiple identity verification factors for secure access. |
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Single Sign-On (SSO) Integration Ability to connect with enterprise identity providers to enable SSO. |
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User Activity Audit Trail Captures and stores detailed logs of all user actions for compliance. |
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Password Policy Management Controls enforcing password length, complexity, and expiry. |
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User Provisioning Automation Automated onboarding and offboarding of users based on HR systems. |
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Session Timeout/Control Automatic logoff after defined inactivity periods. |
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Access Review and Certification Functionality to periodically review and certify user access rights. |
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Delegated Administration Allows delegation of administrative tasks to designated users. |
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Separation of Duties Enforces separation of critical duties to reduce fraud risks. |
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Risk Register Management Centralized cataloging of risks with metadata like owner, category, and risk level. |
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Risk Scoring Methodologies Configurable approaches for calculating inherent and residual risk scores. |
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Qualitative Risk Assessments Supports narrative and descriptive assessments of risks. |
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Quantitative Risk Analysis Enables numerical evaluation including financial impact and probability. |
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Monte Carlo Simulations Supports stochastic simulations for estimating risk outcome distributions. |
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Risk Taxonomy Customization Ability to customize risk categories and subcategories. |
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Heat Map Visualization Graphical visualization of risk levels across all business units. |
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Automated Risk Detection Uses algorithms to flag emerging risks from transaction or market data. |
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Issue and Incident Capture Ability to log and track operational risk events/incidents. |
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Scenario Analysis Tools Functionality for impact analysis of hypothetical risk events. |
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Self-Assessment Workflows Supports recurring risk self-assessment by business units. |
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Custom Model Creation Enables users to define and deploy bespoke risk models. |
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Model Version Control Maintains version history and supports rollbacks of risk models. |
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Integrated Stress Testing Ability to simulate stress scenarios and measure impact on portfolios. |
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Sensitivity Analysis Tools for assessing how changes in assumptions affect risk output. |
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Backtesting Framework Provides historical validation of model performance. |
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Model Calibration Tools Enables periodic tuning of parameters against actual data. |
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Data Visualization Dashboards Interactive dashboards for analytics, trends, and key indicators. |
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Embedded Machine Learning Uses AI/ML for risk classification, prediction, or anomaly detection. |
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Advanced Reporting Custom or scheduled risk and compliance reports with export options. |
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Speed of Model Computation Average time taken for complex model runs. |
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Regulatory Framework Mapping Ability to map risks and controls to specific regulations (e.g., Basel, SOX). |
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Regulation Update Alerts Automatic notifications for regulatory changes relevant to the business. |
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Automated Regulatory Reporting Generates reports in formats required by different regulators. |
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Compliance Calendar Tracks and alerts for upcoming compliance deadlines and deliverables. |
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Audit Trail Comprehensive logging of all compliance-related activities and changes. |
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Policy Management Centralized control for creating, reviewing, and disseminating risk management policies. |
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KYC/AML Integration Integration support for Know Your Customer (KYC) and Anti Money Laundering (AML) workflows. |
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Regulatory Gap Analysis Identifies areas where processes fall short of regulatory expectations. |
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Export To Regulatory Portals One-click export of reports in formats accepted by supervisory authorities. |
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Attestation Workflows Functionality for compliance certificate review and attestation processes. |
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Multi-source Data Integration Supports connections to various data sources (core banking, trading, market feeds, etc.). |
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Real-time Data Ingestion Processes and analyzes data as it flows in, with minimal delay. |
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Batch Data Upload Support Allows for periodic uploads of large data sets. |
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Data Quality Management Assesses and manages completeness, accuracy, and consistency of data. |
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Master Data Management Centralizes reference data for risk categories, products, and counterparties. |
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APIs for Data Exchange Well-documented REST/SOAP APIs for integration with other enterprise systems. |
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Data Encryption At Rest/In Transit Ensures all sensitive data is encrypted during storage and transmission. |
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ETL Process Speed Average time required for extract-transform-load cycles. |
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Data Retention Policy Enforcement Automates archival and deletion as per regulatory requirements. |
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Data Lineage & Traceability Tracks the origin, transformations, and usage of all key data fields. |
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Control Library Central repository of controls mapped to risks/regulations. |
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Control Effectiveness Testing Automated or manual assessment of control adequacy and effectiveness. |
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Action Plan Management Tracking and assignment of remediation tasks for control gaps. |
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Policy and Procedure Documentation Storage and distribution of related risk management policies. |
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Automated Risk Control Self-Assessment (RCSA) Periodic self-review and rating of risk controls by business units. |
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Mitigation Workflow Automation Automates processes for identifying and remediating risks. |
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Mitigation Effect Tracking Measures and documents effectiveness of implemented mitigations. |
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Exception Management Logs, tracks, and escalates deviations or exceptions to control processes. |
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Automated Reminders System-generated reminders for upcoming and overdue mitigation tasks. |
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Continuous Monitoring of Controls Use of automated monitoring to validate ongoing control performance. |
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Incident Management Workflow Provides end-to-end tracking from incident detection to resolution. |
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Loss Data Collection Records and aggregates loss events by category, cause, and amount. |
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Key Risk Indicators (KRIs) Configurable indicators for ongoing risk exposure monitoring. |
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Incident Notification System Automated notification to stakeholders on important events/incidents. |
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Incident Resolution Time Monitoring Average time to closure for operational risk incidents. |
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Near Miss Capture Records potential incidents that could have led to losses. |
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Root Cause Analysis Tools Helps identify underlying causes of operational loss events. |
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Scenario Testing for Operational Events Simulation and response planning for critical operational risks. |
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Integration With Workflow Systems Supports linking incident records to workflow/ticketing tools. |
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Automated Escalation Rules Systematic escalation of high impact/priority incidents. |
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Exposure Calculation Automated computation of counterparty and portfolio exposures. |
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Credit Rating Integration Ability to import ratings from agencies or internal models. |
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Credit Limits Management Definition, monitoring, and enforcement of internal and regulatory limits. |
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Concentration Risk Analysis Identification and visualization of credit concentration risks. |
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Collateral Management Linking exposures with real-time collateral positions and values. |
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Probability of Default (PD) Modeling Utilizes statistical models to predict probability of borrower default. |
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Loss Given Default (LGD) Calculation Estimates loss severity assuming default occurs. |
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Exposure at Default (EAD) Calculation Assesses amount at risk when default occurs. |
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Limit Breach Notification Alerts on breaches of credit limits or adverse rating changes. |
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Credit Application Workflow Integration Integrates with origination and approval workflows for holistic view. |
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Value-at-Risk (VaR) Calculation Single or multi-factor methodologies for market risk estimation. |
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Stress Testing for Market Risk Simulations of extreme but plausible market conditions. |
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Real-time Market Data Integration Connects to market data providers for up-to-date valuations. |
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Risk Factor Sensitivity Analysis Assess risk to market variables such as interest rates or volatilities. |
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Mark-to-Market Valuation Automated daily revaluation of trading positions. |
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Limit Monitoring & Breach Alerts Tracks market risk limits and signals threshold breaches. |
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Market Risk Reporting Provides comprehensive reporting tools with export capabilities. |
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Scenario Analysis for Trading Portfolios Simulates impact of market shifts on trading books. |
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Integration With Front/Back Office Systems Links with trading, treasury, or accounting systems for data sharing. |
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Portfolio Aggregation Speed Time taken to aggregate positions and calculate exposures. |
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Custom Report Builder Drag-and-drop tools for designing bespoke reports. |
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Scheduled Reporting Ability to schedule automated generation and delivery of reports. |
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Interactive Dashboards Live dashboards with drill-down and filtering options. |
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Self-service Analytics Business users can create analytics queries without IT intervention. |
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Mobile Reporting Support for viewing and interacting with reports on mobile devices. |
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Export Formats Supported Options for exporting reports in various formats (PDF, XLSX, CSV, etc.). |
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Dashboard Refresh Rate Frequency of data refresh in dashboards. |
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Role-based Report Distribution Configurable rules for distributing reports to appropriate users. |
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Key Metric Alerts System-driven notifications when critical thresholds are breached. |
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Ad-hoc Report Generation Speed Time taken to generate an unexpected or impromptu report. |
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On-premises and Cloud Deployment Flexibility to deploy solution in the cloud, on-premise, or hybrid mode. |
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High Availability Architecture Resilient design ensuring minimal downtime. |
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Disaster Recovery and Backup Automated backup and recovery capabilities to ensure business continuity. |
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Horizontal Scalability Supports adding hardware or cloud resources to expand capacity. |
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Concurrent User Support Maximum number of users supported simultaneously. |
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Performance SLAs Guaranteed system response and uptime commitments from vendor. |
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24/7 Customer Support Round-the-clock support services from the vendor. |
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Product Training Resources Availability of onboarding, documentation, and training materials. |
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Localization and Language Support Multi-language interface and support for regional formats. |
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Active User Community Vendor maintains forums, knowledge bases, or user groups for support. |
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Comprehensive platforms that provide an integrated view of all risks facing the pension fund, including tools for risk identification, assessment, mitigation, and reporting across multiple risk categories.
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