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FIS Adaptiv from FIS Global
A front-to-back office risk management solution that provides real-time market risk calculations, limit management, and regulatory compliance. Features include VaR, potential future exposure (PFE), stress testing, and sensitivity analysis across asset classes.
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Market Risk Systems for Risk Management
Solutions for measuring and managing risks from changes in market prices, interest rates, and volatility.
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Market Data Integration
(7 Yes /7 Known /11 Possible features)
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Real-Time Data Feeds Supports real-time streaming data from exchanges and data providers. |
FIS Adaptiv advertises real-time risk calculations, implying support for real-time streaming data and feeds. | |
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Historical Data Support Ability to access and utilize historical market data for backtesting and model validation. |
FIS Adaptiv includes historical data functionality for VaR, backtesting, and scenario analysis. | |
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Data Cleansing Automatically detects and rectifies anomalies or gaps in imported market data. |
Risk data quality and data cleansing are referenced in product documentation and solution briefs. | |
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Wide Asset Coverage Supports a diverse set of asset classes including equities, fixed income, FX, derivatives, and commodities. |
The product notes 'coverage across asset classes,' which is consistent with wide asset coverage. | |
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Data Latency The delay between data origination and when it is available for risk calculations. |
No information available | |
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Vendor Connectivity Out-of-the-box integration with leading market data vendors. |
Adaptiv has integrations with multiple major market data vendors, such as Bloomberg and Reuters. | |
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Custom Data Sources Ability to import and work with proprietary or bespoke data feeds. |
System allows import of custom, proprietary data formats for modeling and risk calculation. | |
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Data Lineage and Audit Tracks origin and changes of all market data for audit and control purposes. |
Feature sheets reference full data audit trails and lineage for compliance purposes. | |
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Data Refresh Frequency Interval at which the market data is updated. |
No information available | |
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Data Quality Metrics Tracks completeness and consistency metrics for market data. |
. | No information available |
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Support for Multiple Currencies Handles data in various global currencies. |
. | No information available |
Risk Calculation Engine
(11 Yes /11 Known /12 Possible features)
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Value-at-Risk (VaR) Calculation Built-in models for calculating portfolio and asset VaR. |
VaR is a flagship calculation; advertised in product collateral and risk engine details. | |
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Expected Shortfall (ES) Supports calculation of Expected Shortfall for advanced risk analytics. |
Expected Shortfall calculation is included for regulatory compliance (ES/CVaR). | |
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Stress Testing Scenario and historical stress test capabilities. |
Stress testing framework, including scenario, historical, and regulatory stress, is a major feature. | |
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Risk Factor Sensitivities (Greeks) Calculates sensitivities including delta, gamma, vega, rho, and theta. |
The system supports sensitivity calculations including the Greeks. | |
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Revaluation Performance Number of positions/instruments processed per second. |
No information available | |
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Calculation Parallelization Supports distributed or parallel risk computation. |
Parallel/distributed computation is referenced in scalability and performance documentation. | |
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Custom Model Integration Allows for integration of user-developed risk models. |
System offers APIs and SDKs for clients to integrate proprietary/custom risk models. | |
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Monte Carlo Simulation Capability Ability to run large-scale Monte Carlo risk simulations. |
Monte Carlo simulation for portfolio risk is an explicitly promoted feature. | |
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Backtesting Functionality Built-in functionality to backtest risk model performance against actual outcomes. |
Backtesting of risk models (VaR) is documented in solution overviews. | |
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Risk Aggregation Aggregates risk across asset, business line, and geographical hierarchies. |
Adaptiv supports risk aggregation by book, portfolio, legal entity, and group hierarchies. | |
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Correlation Handling Ability to model and utilize asset correlations in risk calculations. |
Product clearly states that it considers and uses asset correlations in risk measurement. | |
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Non-linear Instruments Support Handles exotics and path-dependent instruments (e.g., options, swaps). |
Supports non-linear/exotic derivatives, as seen in feature sheets and case studies. |
User Interface and Reporting
(9 Yes /9 Known /10 Possible features)
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Customizable Dashboards Users can tailor dashboards to display relevant risk metrics. |
UI is customizable; users can tailor dashboards to focus on relevant risk metrics. | |
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Ad-Hoc Reporting Capability for users to build custom queries and reports on demand. |
System provides ad hoc reporting and analytics queries for users. | |
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Scheduled Reporting Supports automated generation and distribution of regular risk reports. |
Scheduled/automated reporting is a standard feature for regulatory and management risk reports. | |
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Data Export Functions Export results to Excel, PDF, CSV, or BI tools. |
Users may export data/reports to Excel, CSV, and other standard formats. | |
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Interactive Visualization Enables dynamic charting and drill-downs into risk data. |
Dashboard and usability guides emphasize interactive visualizations and drill-downs. | |
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Web-Based Access Accessible via browser-based GUI for remote users. |
Browser-based access for remote users is well-supported and noted in product overview. | |
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APIs for Reporting APIs available to pull risk results into external systems. |
REST and SOAP API support for automated reporting and external pulls is present. | |
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Alerting and Notifications Notifies users when risk limits are breached. |
Alerting and notification for limit breaches and risk exceptions are documented product features. | |
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Role-Based Views User roles govern data visibility and interface features. |
Role-based access and views are referenced throughout technical documentation. | |
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Multi-Language Support UI available in multiple languages. |
No information available |
Regulatory Compliance
(8 Yes /8 Known /10 Possible features)
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Basel III/IV Compliance Pre-built modules for regulatory calculation and reporting. |
Pre-built Basel III/IV compliance modules are advertised. | |
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Regulatory Report Generation Automated templates for regulatory submissions (e.g., COREP, FR Y-14). |
Automated regulatory report generation (COREP, etc.) is present. | |
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Audit Logging Logs all access and changes for audit and compliance tracking. |
Audit log and access logging are highlighted for compliance purposes. | |
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Model Governance & Documentation Stores model documentation, approvals, and ongoing validation results. |
Model documentation repository and governance workflow are discussed in solution literature. | |
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Regulatory Change Updates System is updated to reflect changes in major regulations. |
Regulatory change updates (Basel, FRTB, etc.) are released regularly as part of support. | |
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BCBS239 Compliance Supports principles for risk data aggregation and reporting. |
FIS states alignment with BCBS239 in product compliance materials. | |
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Custom Regulatory Templates Configuration of new regulatory report templates as needed. |
No information available | |
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Permissions for Regulator Access Ability to grant regulators direct or read-only system access. |
. | No information available |
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Data Retention Policy Management Tools for enforcing and modifying data retention schedules. |
Data retention controls and policy management available for compliance. | |
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Regulatory Validation Tools Built-in utilities to validate and check reports for regulatory accuracy. |
Regulatory report validation tools are included in the compliance modules. |
Performance & Scalability
(5 Yes /5 Known /10 Possible features)
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Horizontal Scalability Can be scaled out across multiple servers or cloud nodes. |
Adaptiv can be horizontally scaled; cluster/cloud/distributed references in docs. | |
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Concurrent User Support Maximum number of simultaneous users supported without degradation. |
No information available | |
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Throughput Number of risk computations or transactions the system can process per unit time. |
No information available | |
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Fault Tolerance System continues operation despite hardware/software failure. |
System architecture references fault tolerance and continued operation during incidents. | |
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Disaster Recovery Readiness Support for rapid recovery from catastrophic failures. |
Disaster recovery procedures and architecture are highlighted in deployment materials. | |
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Batch Risk Processing Window Time required to process end-of-day or batch risk calculations. |
No information available | |
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Load Balancing Distributes workloads as needed for optimal resource usage. |
Load balancing is highlighted for performance at scale. | |
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Elastic Cloud Scaling Dynamic allocation of cloud resources based on load. |
Elastic scaling is available on cloud deployments to accommodate changing loads. | |
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Peak Data Volume Handling Maximum data volume that can be handled without system outage. |
. | No information available |
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Low Latency User Response Average latency for user queries or dashboard interactions. |
. | No information available |
Security and Access Control
(0 Yes /0 Known /10 Possible features)
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Role-Based Access Control User permissions based on roles and responsibilities. |
. | No information available |
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Multi-Factor Authentication Requires more than one authentication method for access. |
. | No information available |
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Data Encryption In-Transit Encrypts data as it travels across the network. |
. | No information available |
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Data Encryption At Rest Stores data encrypted on disk/database. |
. | No information available |
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Single Sign-On Integration Integration with SSO frameworks (e.g., SAML, OAuth). |
. | No information available |
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Fine-Grained Data Access Granular control over data visibility at user or group level. |
. | No information available |
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Audit Trails Comprehensive logging of user activities and data access. |
. | No information available |
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Regular Security Patching System receives and applies timely security updates. |
. | No information available |
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Penetration Testing Support System is regularly tested for vulnerabilities. |
. | No information available |
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Custom Access Policies Configuration of organization-specific combinations of roles and permissions. |
. | No information available |
Product Coverage
(0 Yes /0 Known /10 Possible features)
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Equities Support for equity shares and equity derivatives. |
. | No information available |
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Fixed Income Supports government, corporate bonds, and fixed income derivatives. |
. | No information available |
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Foreign Exchange (FX) Supports spot, forwards, options, and FX derivatives. |
. | No information available |
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Commodities Handles commodities and their derivatives (options, futures, swaps). |
. | No information available |
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Interest Rate Derivatives Supports swaps, caps/floors, and other IR derivatives. |
. | No information available |
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Credit Derivatives Support for CDS, CDO, CLN, etc. |
. | No information available |
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Structured Products Able to model and risk-manage bespoke structured products. |
. | No information available |
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Exotic Instruments Models complex, path-dependent, or non-standard products. |
. | No information available |
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Securitized Products Covers ABS, MBS, CMOs, and other securitized assets. |
. | No information available |
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ETFs and Index Products Coverage of ETFs, index options/futures, and related instruments. |
. | No information available |
Model Risk Management
(0 Yes /0 Known /10 Possible features)
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Model Inventory Comprehensive register of all models in use and in development. |
. | No information available |
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Model Life Cycle Tracking Tracks model inception, approval, usage, and retirement/disposal. |
. | No information available |
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Validation Workflow Facilitates and enforces the workflow for periodic model validation. |
. | No information available |
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Performance Benchmarking Compares model outputs against benchmarks or alternatives. |
. | No information available |
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Override and Adjustment Logging Logs any manual overrides or judgements applied to model output. |
. | No information available |
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Model Documentation Repository Central storage for all model-related documents. |
. | No information available |
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Automatic Alerting for Model Failures System-generated alerts for model breakdowns, errors, or threshold breaches. |
. | No information available |
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Independent Model Review Support Tools for supporting independent review and challenge. |
. | No information available |
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Version Control for Models Tracks version history of model implementations. |
. | No information available |
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Ongoing Calibration Tools Built-in utilities for recalibrating and tuning model parameters. |
. | No information available |
Integration and Interoperability
(8 Yes /8 Known /10 Possible features)
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Front Office System Integration Connects with core trading and order management systems. |
Integration with trading, order management, and front office systems is standard for Adaptiv. | |
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Back Office System Integration Synchronization with settlement and accounting platforms. |
Back office and accounting system integration are documented setup options. | |
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API Availability REST, SOAP, or other APIs for programmatic integration. |
APIs (REST/SOAP) are provided for system integration. | |
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Batch File Import/Export Automated processing of bulk data through flat files. |
Batch data import/export is frequently referenced in the context of EOD/batch processing. | |
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Real-Time Messaging Support Integration with message buses (Kafka, MQ, etc.) for event-driven processes. |
Integration with messaging buses (Kafka/MQ) is supported in event-driven architectures. | |
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Third-Party Plug-In Support Allows extension of system functionality via plug-ins. |
No information available | |
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RegTech Integration Seamless connection with regulatory technology vendors/platforms. |
. | No information available |
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Data Mapping Tools Graphical interfaces to map and transform data formats. |
GUI-based data mapping and transformation tools are available for integration projects. | |
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Master Data Management Support Integration with MDM solutions for consistent enterprise data. |
MDM integration is referenced in enterprise deployment literature. | |
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Custom Integration Scripting Facilities for scripting bespoke data flows or workflows. |
Supports scripting/custom workflows; confirmed in developer/API documentation. |
Audit, Logging & Traceability
(3 Yes /3 Known /10 Possible features)
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Comprehensive Audit Trails Detailed logs of all system activity, data manipulations, and user actions. |
Audit and traceability features are core for compliance; referenced throughout docs. | |
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Computation Traceability Ability to trace each output metric back to source data and calculation path. |
Traceability of risk calculations back to input/source data is advertised. | |
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Change Management Logging Records configuration and model parameter changes with timestamps. |
. | No information available |
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Access Logging Every system access (login/logout) is logged for audit purposes. |
Access logging for all login/logout events is covered in security documentation. | |
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Automated Exception Logging Automatically records system- and calculation-level anomalies. |
. | No information available |
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Report Generation Logging Tracks who generated each report and when. |
. | No information available |
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Data Change Alerts Proactive alerts if unexpected data changes are detected. |
. | No information available |
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External Audit Support Facilities to export audit logs for external audit review. |
. | No information available |
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Retention Policy Enforcement Automates log and data retention/deletion per policy. |
. | No information available |
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User Comment Logging Capability for users to annotate actions and outputs for later reference. |
. | No information available |
Deployment, Maintenance & Vendor Support
(9 Yes /9 Known /10 Possible features)
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Cloud Deployment Option Availability of SaaS/cloud deployment as well as on-premise. |
Adaptiv cloud deployment (SaaS) is available and widely used. | |
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On-Premise Deployment Option Option for complete deployment within client data center/environment. |
On-premise deployment is available as an option for sensitive clients. | |
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Containerization Support System can be deployed using Docker, Kubernetes, or similar technologies. |
Product can be deployed with Docker/Kubernetes for containerized deployments. | |
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Regular Upgrades/Updates Frequency and ease of system version upgrades. |
. | No information available |
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24/7 Vendor Support Around-the-clock support for incidents and queries. |
24/7 vendor support is referenced in FIS support and SLA documents. | |
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Service Level Agreements (SLAs) Vendor provides measurable performance and uptime guarantees. |
FIS Adaptiv service includes SLAs on uptime and performance. | |
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Dedicated Account Management Assigned client manager for support and escalation. |
Dedicated account management is provided as part of enterprise support. | |
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Training and Knowledge Base Access to user training, manuals, and learning resources. |
Access to extensive training and self-service knowledge base is standard. | |
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Automated Monitoring & Health Checks System self-monitoring and health status reporting. |
Health checks and automated system monitoring are included in solution management modules. | |
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Sandbox/Test Environment Ability to establish parallel non-production environments. |
Test/sandbox environments are provided for migrations and user acceptance testing. |
Market Data Integration
(0 Yes /0 Known /12 Possible features)
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Real-time Data Feed Support Ability to connect with real-time data feed providers for live market prices. |
. | No information available |
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Historical Data Storage System's ability to store and retrieve historical market data. |
. | No information available |
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Vendor Flexibility Number of different data vendors the system can connect to (e.g., Bloomberg, Reuters). |
. | No information available |
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Data Cleansing Tools Tools provided to clean, deduplicate, and correct inconsistent or missing market data. |
. | No information available |
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Frequency of Data Updates How frequently the system updates market data. |
. | No information available |
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Custom Instrument Mapping Ability to map proprietary or custom instruments to market data feeds. |
. | No information available |
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Automated Error Handling System automatically flags and manages data anomalies or failures. |
. | No information available |
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Scalability for Data Volume Capability to handle increasing data volumes without performance loss. |
. | No information available |
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Market Data Audit Logs Ability to log and trace all data changes or feeds for compliance. |
. | No information available |
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Data Encryption In Transit/At Rest Ensures all market data is encrypted for security purposes. |
. | No information available |
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Latency in Data Processing Average system delay in processing and making data available. |
. | No information available |
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Support for Alternative Data Ability to ingest and process non-traditional market data (e.g., satellite, social media). |
. | No information available |
Risk Calculation & Analytics
(0 Yes /0 Known /12 Possible features)
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Value-at-Risk (VaR) Calculation Support for different VaR methodologies (historical, parametric, Monte Carlo). |
. | No information available |
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Expected Shortfall Capability to calculate and report Expected Shortfall (ES or CVaR) as per regulatory requirements. |
. | No information available |
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Scenario Analysis Ability to define, run, and analyze results from hypothetical scenarios. |
. | No information available |
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Stress Testing Framework Comprehensive system to create and execute stress test scenarios on portfolios. |
. | No information available |
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Risk Sensitivities (Greeks) Computation of sensitivities such as delta, gamma, vega, rho, theta. |
. | No information available |
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Aggregation of Risk Results Ability to consolidate risk metrics across multiple portfolios or entities. |
. | No information available |
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Customizable Risk Metrics Define and calculate custom risk metrics as per business needs. |
. | No information available |
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Calculation Speed Time taken to perform full risk calculations on a production-size portfolio. |
. | No information available |
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Multi-Currency Capabilities Handle risk computations across portfolios denominated in different currencies. |
. | No information available |
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Intraday Calculation Support Run full or incremental portfolio risk calculations multiple times a day. |
. | No information available |
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Backtesting Tools Support for backtesting risk models against historical data. |
. | No information available |
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Model Risk Management Tools for model validation, calibration, and version control. |
. | No information available |
Product Coverage
(0 Yes /0 Known /7 Possible features)
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Asset Class Coverage Number of different asset classes supported (equities, FX, fixed income, commodities, derivatives, etc.). |
. | No information available |
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Exotic Derivatives Support Ability to handle complex and bespoke financial instruments. |
. | No information available |
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Structured Product Modeling Support for risk assessment of structured and hybrid products. |
. | No information available |
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Custom Instrument Modeling Able to define and integrate models for custom or new instruments. |
. | No information available |
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Cross-Asset Risk Calculation Can calculate risk for portfolios with mixed asset types. |
. | No information available |
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Market Conventions Flexibility Customize market conventions (day count, roll dates, etc.) for different markets. |
. | No information available |
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Instrument Template Library Library of pre-built templates for standard instruments. |
. | No information available |
Performance and Scalability
(0 Yes /0 Known /8 Possible features)
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Concurrent User Support Number of users who can use the system without performance issues. |
. | No information available |
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Parallel Processing System can distribute risk calculations across multiple CPUs/cores. |
. | No information available |
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Batch Processing Speed Throughput of batch risk calculations. |
. | No information available |
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Horizontal Scalability Ability to add hardware to increase system capacity. |
. | No information available |
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Cloud Deployment Support Whether the system can be deployed in a cloud environment. |
. | No information available |
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Load Balancing Distributes workloads evenly across computing resources. |
. | No information available |
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Disaster Recovery Ability to recover operations quickly after a failure. |
. | No information available |
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High Availability Supports clustering, failover, or redundancy for uptime. |
. | No information available |
User Interface and Usability
(0 Yes /0 Known /8 Possible features)
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Web-based UI Access risk analytics via a browser-based interface. |
. | No information available |
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Dashboard and Visualization Tools Interactive dashboards for visualizing risk data and trends. |
. | No information available |
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Customizable Reporting Create and export custom reports with desired metrics. |
. | No information available |
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Role-Based Access Controls Specify what information and functionality each user can access. |
. | No information available |
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API Access Expose risk outputs and analytics via standard APIs. |
. | No information available |
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Accessibility Compliance UI conforms to accessibility standards (e.g., WCAG). |
. | No information available |
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Real-Time Alerts and Notifications Notify users of breaches, errors, or important risk events instantly. |
. | No information available |
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Localization/Internationalization Supports multiple languages and regional formats. |
. | No information available |
Integration and Interoperability
(0 Yes /0 Known /7 Possible features)
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Core Banking System Integration Connect with core banking software for trade and position data. |
. | No information available |
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Regulatory Reporting Output Produce files and formats compliant with regulatory submissions. |
. | No information available |
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ERP/Accounting Integration Share risk data with enterprise resource planning (ERP) and accounting platforms. |
. | No information available |
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Data Import/Export Flexible import/export of data in multiple standard formats (CSV, XML, JSON, etc.). |
. | No information available |
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Message Bus/Queue Support Can receive and send messages via standard messaging middleware (e.g., Kafka, RabbitMQ). |
. | No information available |
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Third-Party Plug-in Support Platform allows extensions or plug-ins for new analytics. |
. | No information available |
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API Documentation Completeness Degree of coverage and clarity in the product's integration documentation. |
. | No information available |
Security
(0 Yes /0 Known /7 Possible features)
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Two-Factor Authentication Requires multiple credentials for user login. |
. | No information available |
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User Access Logging Tracks who accessed which data and operations. |
. | No information available |
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Data Encryption at Rest Risk data is encrypted while stored. |
. | No information available |
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Data Encryption in Transit Risk data is encrypted when sent across networks. |
. | No information available |
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Granular Permission Management Fine-grained control of user actions (read, write, export, etc.). |
. | No information available |
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Compliance Certification Adheres to security standards like ISO 27001, SOC 2. |
. | No information available |
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Automated Intrusion Detection Monitors for suspicious activity automatically. |
. | No information available |
Regulatory Compliance
(0 Yes /0 Known /6 Possible features)
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Basel III Compliance Features tailored to Basel III risk management and reporting requirements. |
. | No information available |
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FRTB (Fundamental Review of the Trading Book) Capability Support for FRTB requirements regarding the distinction between banking and trading book risks. |
. | No information available |
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Audit Trail Completeness All actions and changes logged for audit purposes. |
. | No information available |
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Compliance Update Frequency How often the product's compliance libraries are updated to reflect new regulations. |
. | No information available |
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Reporting Templates for Regulators Pre-built templates for regulatory risk reporting (e.g., COREP, Dodd-Frank). |
. | No information available |
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Data Retention Policy Configuration Ability to configure how long sensitive data is stored to meet jurisdictional requirements. |
. | No information available |
Data Management & Quality
(0 Yes /0 Known /6 Possible features)
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Data Lineage Tracking Track the source, transformation, and movement of risk data across the system. |
. | No information available |
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Master Data Management Central repository for key reference data (counterparty, instrument, etc.). |
. | No information available |
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Automated Data Quality Checks Predefined and custom rules to verify accuracy and consistency of data. |
. | No information available |
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Data Versioning Ability to roll back to earlier versions of data sets. |
. | No information available |
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User Data Override Logging Tracks manual changes made by users for compliance. |
. | No information available |
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Data Recovery Capabilities Ability to recover and restore data after corruption or loss. |
. | No information available |
Support, Maintenance, and SLAs
(0 Yes /0 Known /5 Possible features)
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24/7 Support Availability Round-the-clock technical and operational support. |
. | No information available |
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Service Level Agreement (SLA) Uptime Guaranteed system availability percentage as per SLA. |
. | No information available |
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Release Frequency Frequency and regularity of maintenance releases and patches. |
. | No information available |
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Online Knowledge Base Self-service documentation, FAQs, and troubleshooting guides. |
. | No information available |
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Upgrade Automation Automated process to apply updates and upgrades. |
. | No information available |
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