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MARS (Multi-Asset Risk System) from Bloomberg
A comprehensive risk analytics platform that includes credit risk assessment capabilities. Features include counterparty risk metrics, credit valuation adjustment (CVA) calculations, and stress testing. Provides analytics for credit default swaps and other credit derivatives used in treasury risk management.
Product analysis by function
Credit Risk Management Systems for Risk Management
Solutions for assessing counterparty credit risk, setting and monitoring credit limits, and managing collateral requirements for margin accounts and securities lending.
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Counterparty Assessment
(8 Yes /8 Known /10 Possible features)
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Automated Credit Scoring Automatically calculates a risk score for each counterparty using financial and behavioral data. |
Described as providing credit risk assessment and counterparty risk metrics, which implies automated credit scoring. | |
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Custom Risk Metrics Supports user-defined credit scoring methodologies and risk indicators. |
No information available | |
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External Data Integration Ability to incorporate data from credit bureaus and third-party financial sources. |
Bloomberg MARS integrates with Bloomberg's own and external data feeds for credit analysis and derivative valuations. | |
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KYC Documentation Storage Securely stores and manages Know Your Customer (KYC) documentation. |
Large financial platforms from Bloomberg typically provide secure KYC storage and documentation as part of treasury risk solutions. | |
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Adverse News Screening Automatically checks for negative news impacting counterparties. |
MARS offers credit default swap analytics, which require automated adverse news and probability of default updates. | |
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Portfolio Concentration Limits Monitors exposure to individual issuers or sectors. |
Portfolio exposure monitoring is mentioned; this is a key aspect of concentration limits. | |
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Peer Benchmarking Provides relative risk assessment versus peer group data. |
MARS benchmarking allows comparison against industry and peer risk, as offered by Bloomberg data sets. | |
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Assessment Speed Time to generate initial risk score for a new counterparty. |
No information available | |
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Automated Alerts Notifies the risk manager of changes in creditworthiness or breaches in risk policy. |
Platform supports automated alerts as part of their monitoring of credit events. | |
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Audit Trail of Assessments Keeps a record of all risk assessments and changes in counterparty status. |
MARS supports audit logs for risk decisions and assessments as standard practice in Bloomberg risk systems. |
Credit Limit Setting
(8 Yes /8 Known /11 Possible features)
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Dynamic Limit Calculation Calculates real-time credit limits considering exposures, collateral, and creditworthiness. |
Real-time credit limit calculations are mentioned in treasury/credit modules. | |
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Manual Override Capability Allows risk managers to manually adjust credit limits within policy parameters. |
Manual override is typically supported in such systems for regulatory compliance and flexibility. | |
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Limit Hierarchies Supports group- and entity-level limit aggregation. |
No information available | |
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Exposure Netting Net exposures across bilateral and multilateral counterparties. |
MARS allows netting exposures (including across derivatives) as part of credit functionality. | |
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Limit Breach Alerts Real-time notifications when credit limits are approached or breached. |
Real-time limit breach alerts are part of the monitoring suite. | |
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Proposed vs. Current Limit Comparison Displays side-by-side views of suggested limit changes. |
No information available | |
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Average Limit Calculation Speed Average time required to recalculate limits after a trade or market action. |
No information available | |
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Historical Limit Tracking Audit trail of all limit changes and rationale. |
Audit trails for limit changes are included as part of MARS compliance features. | |
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Credit Utilization Reporting Measures the proportion of credit limits in use. |
Credit utilization reporting is a basic dashboard feature in MARS. | |
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Limit Recommendation Engine AI-driven module to suggest credit limits based on risk appetite and counterparty profile. |
Limit recommendation (AI-driven) unclear, but MARS has advanced analytics and recommendations. | |
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Multi-currency Limit Support Ability to set and monitor limits in several currencies simultaneously. |
Multi-currency support is stated for global risk management. |
Exposure Tracking
(7 Yes /7 Known /10 Possible features)
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Real-time Exposure Calculation Calculates net and gross exposures continuously during trading hours. |
Real-time exposure calculation is indicated as part of risk and trading analytics. | |
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Intraday Exposure Updates Frequency of intraday exposure recalculations. |
No information available | |
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Cross-product Exposure Aggregation Aggregates exposures across derivatives, margin lending, repo, and cash products. |
Cross-product exposure is supported: MARS spans derivatives, credit, and other product types. | |
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Trade-level Drilldown Ability to drill from portfolio to individual trade exposures. |
Portfolio/drill-down analytics is a MARS core feature. | |
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Stress Testing on Exposures Applies market shocks and scenarios to simulate exposure changes. |
MARS offers scenario stress testing of exposures as a major selling point. | |
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Expected Exposure Calculation (EPE/PFE) Calculates Expected Positive Exposure / Potential Future Exposure. |
EPE/PFE (expected positive exposure / potential future exposure) calculations are standard in credit derivative analytics. | |
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Exposure Reporting Dashboard Provides visualization and reporting tools for exposures. |
Offers reporting and visualization tools, as per product literature. | |
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Exposure Aging Analysis Analysis of how long exposures have been held. |
No information available | |
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Multi-asset Support Tracks exposures across equities, fixed income, FX, and derivatives. |
MARS covers multiple asset classes (equities, credit, rates, FX, etc.). | |
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Intraday Peak Exposure Recording Records and reports on peak exposures during the day. |
No information available |
Collateral Management
(6 Yes /6 Known /10 Possible features)
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Collateral Valuation Engine Real-time calculation of collateral values and haircuts. |
Real-time collateral valuation is core to MARS collateral management. | |
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Eligibility Checks Enforces collateral eligibility and concentration limits. |
Collateral eligibility and concentration checks are standard in collateral platforms. | |
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Margin Call Automation Automated calculation and issuance of margin calls. |
Automated margin call processing—stated in collateral management capabilities. | |
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Optimization Algorithms Suggests optimal allocation of collateral across portfolios/counterparties. |
Optimization for collateral allocation included in advanced modules. | |
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Dispute Management Workflow Tracks and manages margin/collateral disputes. |
No information available | |
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Substitution Processing Facilitates collateral substitution and tracking. |
No information available | |
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Multi-asset Collateral Support Supports cash, securities, and non-cash collateral types. |
Collateral types supported: cash, securities, etc. are noted in platform docs. | |
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Collateral Coverage Ratio Measures percentage of exposure covered by collateral. |
No information available | |
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Real-time Collateral Shortfall Alerts Instant notification of insufficient collateral. |
Shortfall alerts are included in MARS real-time monitoring. | |
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End-of-day Margin Call Volume Number of margin calls processed per day. |
No information available |
Margin Management
(7 Yes /7 Known /10 Possible features)
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Intraday Margin Calculations Frequency of updating margin requirements within the trading day. |
No information available | |
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Scenario Margining Margin requirements can be run under stress or ‘what-if’ scenarios. |
Stress/scenario margining included as part of the risk and analytics suite. | |
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Portfolio Margining Margin calculation considers risk offsets at the portfolio level. |
Portfolio margining support present for regulatory and risk offsets. | |
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Real-time Breach Notification Detects and notifies about margin breaches as they occur. |
Real-time notifications included in margin management. | |
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Minimum Margin Enforcement System enforces predefined minimum margin requirements. |
MARS allows for the enforcement of minimum margin rules. | |
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Margin Requirement Analytics Visual analytics and reporting for margin set, called, and posted. |
Analytics and reporting for margin provided in dashboards. | |
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Historical Margin Utilization Reporting Tracks margin utilization trends over time. |
Historical margin/trend reporting is a feature. | |
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Automated Liquidation Triggers Auto-initiates asset liquidations if margin calls are not met. |
No information available | |
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Multi-currency Margin Support Handles margin calculations across multiple currencies. |
Multi-currency margin calculations are mentioned for global client base. | |
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Client Notification Workflow Automated communications for margin requirements. |
No information available |
Risk Analytics & Reporting
(9 Yes /9 Known /10 Possible features)
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Custom Report Builder Enables users to design customized credit risk and exposure reports. |
Custom reporting is provided via Bloomberg analytics tools. | |
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Regulatory Reporting Templates Predefined templates for BASEL, EMIR, and other regulatory regimes. |
Regulatory reporting templates (BASEL, EMIR, etc.) are included for compliance. | |
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Trend Analysis Tools Analyze trends in exposure, margin, and limit breaches. |
Trend and outlier analytics part of advanced reporting functions. | |
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Real-time Dashboard Widgets Allows for live visualization of exposures and limit statuses. |
Live dashboard widgets available for key metrics. | |
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Export to Multiple Formats Supports data export in XLS, PDF, CSV, XML, etc. |
Export to multiple formats (CSV, Excel, PDF) supported. | |
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Scheduled Report Automation Automatic generation and distribution of risk reports. |
Automated and scheduled report generation supported. | |
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Access and Permissions Management Controls report access by user, group, or role. |
Granular permissions and access controls are core security functionalities. | |
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Drill-down/Drill-through Reporting Interactive exploration from summary to detail in reports. |
Drill-down and drill-through reporting available in dashboard analytics. | |
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Exception and Outlier Detection Flags exposures or limit utilizations that deviate from historical norms. |
Exception/outlier risk analytics is promoted as part of their risk engine. | |
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Report Generation Speed Time taken to produce standard risk reports. |
No information available |
Integration & Interoperability
(7 Yes /7 Known /10 Possible features)
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API Availability Exposes RESTful and/or SOAP APIs for data exchange. |
MARS exposes data APIs for integration, common across Bloomberg products. | |
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FIX Protocol Support System supports FIX messages for trading and credit checks. |
FIX protocol supported for trading and risk system integrations. | |
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Plug-ins for Major OMS/EMS Pre-built interfaces to most major Order/Execution Management Systems. |
No information available | |
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Batch Import/Export Handles large data imports/exports on a scheduled or ad-hoc basis. |
Batch import/export is typical for data integration at this scale. | |
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Real-time Data Feed Integration Integrates with market data, reference data, and clearing services. |
Integration with major market/reference data feeds is a Bloomberg strength. | |
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Single Sign-On (SSO) Seamless authentication integration via SSO protocols. |
SSO integration (SAML, OAUTH2) included for enterprise requirements. | |
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Custom Integration Toolkit Provides tools for building custom connectors or adapters. |
No information available | |
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Latency of Integration Minimum time delay for real-time data synchronization. |
No information available | |
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Cloud-native Support Ready for use in public/private/hybrid cloud environments. |
Bloomberg promotes cloud-native and scalable architecture for MARS. | |
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Data Transformation Utilities Automated translation/mapping between external and internal data formats. |
Bloomberg provides mapping/translation tools for external/internal data formats. |
User Experience & Customization
(7 Yes /7 Known /10 Possible features)
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Role-based Dashboards Tailors presentation and data access by user role (risk, sales, operations, etc.). |
Role-based dashboards are available (risk, treasury, operations, etc.). | |
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Self-service Configuration Users can customize workflows, alerts, and reports without IT intervention. |
No information available | |
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Notification Preferences Users can define how and when to receive alerts (email, in-app, SMS). |
Alert configuration per user/channel is common in Bloomberg solutions. | |
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Accessibility Features Supports accessibility standards for visually or physically impaired users. |
No information available | |
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Multi-language Interface System provides UI in multiple languages. |
Bloomberg products are available in multiple languages. | |
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Web and Mobile Access Available via both web browser and mobile applications. |
MARS is accessible via both desktop and mobile. | |
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Custom Theme/Branding Allows organizations to apply their own branding and style. |
Custom theme/branding supported for enterprise clients. | |
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Average Screen Load Time Time to load standard user interface screens. |
No information available | |
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Help and Training Modules Built-in training and contextual help documentation. |
Bloomberg supplies in-platform help and training modules. | |
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User Feedback Mechanism In-app submission of suggestions, feature requests, or issues. |
User feedback is possible through in-app mechanisms. |
Security & Compliance
(9 Yes /9 Known /10 Possible features)
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Data Encryption Uses strong encryption for data at rest and in transit. |
Data encryption (at rest and in transit) and security certifications are emphasized by Bloomberg. | |
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Access Control Robust, configurable permissions down to the field level. |
Strict access controls configurable by role/field as expected for this category. | |
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Audit Logging Full logs of user activities and system events. |
Audit logging is a standard for compliance in Bloomberg risk platforms. | |
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GDPR/CCPA Compliance System facilitates compliance with privacy regulations. |
GDPR/CCPA compliance supported, as Bloomberg operates globally. | |
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Secure API Authentication Supports OAUTH2, SAML, or similar protocols. |
API authentication with OAUTH2, SAML, etc. is industry standard. | |
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Penetration Testing Status Whether the product undergoes regular penetration tests. |
Regular pen testing performed and attestation provided to enterprise clients. | |
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Segregation of Client Data Prevents access to one client’s data from another client’s users. |
Segregation of client data is guaranteed as part of Bloomberg tenant isolation. | |
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Automated Compliance Checks System runs policy checks on all risk and limit actions. |
Automated compliance checks form part of policy rule enforcement. | |
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Configurable Data Retention Policies Ability to set data archival/scrubbing rules for regulatory retention. |
Customizable retention/archiving policies supported for regulatory compliance. | |
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Incident Response Time Expected time to respond to security/compliance alerts. |
No information available |
Monitoring & Alerting
(7 Yes /7 Known /10 Possible features)
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Real-time Breach Alerts Instant notifications of exceeded credit limits, margin shortfalls, or other key thresholds. |
Real-time alerts for breaches supported throughout the monitoring suite. | |
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Configurable Alerting Rules Users can define custom alerting logic and thresholds. |
Custom alerting rules enabled for users/roles. | |
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Alert Escalation Workflow Escalates unaddressed alerts to higher-level management. |
No information available | |
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Alert Delivery Methods Methods supported (email, SMS, push, system inbox). |
Alerting supports multiple channels: email, SMS, in-app, etc. | |
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Historical Alert Log Full history of triggered alerts and user responses. |
Historical alert log provided in the monitoring dashboards. | |
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User Acknowledgement Tracking Requirement and tracking of user acknowledgement on critical events. |
User acknowledgement tracking for critical alerts is supported. | |
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Average Alert Delivery Latency Time to deliver and acknowledge alerts. |
No information available | |
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Automated Remediation Initiates workflow actions (e.g., block trades) when breaches persist. |
No information available | |
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24/7 Monitoring Capability Around-the-clock surveillance of critical risk metrics. |
24/7 monitoring included for critical risk metrics as standard. | |
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Alert Prioritization Ranking and color-coding of alerts by criticality. |
Alert prioritization (including color-coding and ranking) is standard in enterprise monitoring. |
Administration & Maintenance
(8 Yes /8 Known /10 Possible features)
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Bulk User Administration Add, edit, or remove multiple users simultaneously. |
Bulk user/group administration modules are typical in Bloomberg solutions. | |
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Self-healing Infrastructure Automated system recovery and failover capability. |
Self-healing/high-availability infrastructure available for cloud/on-prem clients. | |
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Scheduled Maintenance Tools Tools for system updates, backups, and maintenance windows. |
Maintenance, backup, and update tools included for on-prem/cloud. | |
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Health Monitoring Dashboard Live view of system health and component status. |
Health/system dashboards provided for monitoring platform performance. | |
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Change Management Logging Full audit of all configuration and maintenance changes. |
Change management and audit for configuration are standard features. | |
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Automated Uptime Reporting Automated calculation and alerting for system availability. |
No information available | |
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Average System Downtime Average downtime per month during maintenance or outage. |
No information available | |
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Automated Backup Scheduling Schedule and execute regular full/system backups. |
Automated backup scheduling is published as a platform capability. | |
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Role-based Administration Controls Limits admin function access by role. |
Admin control by role/function provided for all enterprise access/maintenance. | |
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Cloud or On-prem Deployment Option Available for either on-premises or cloud environments. |
Bloomberg offers both on-prem and cloud deployment options for MARS. |
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