Stress Testing
We provide solutions to rapidly configure and apply stress tests using a graphical user front-end to adapt to changing market and business scenarios. Stress tests allow an Institution to explore potential adverse outcomes and expose vulnerable areas allowing management to set risk limits and manage earnings, liquidity and capital.
Our solutions help in integrating different risks in a single framework allowing the Institution to define real life scenarios which always tend to be a combination of Credit, Market, Rate Risk, Macro-Economic, Industry Specific and Business Behaviour shocks on the Assets, Liabilities & Income.
We provide advice and tools to help your Institution arrive at the correlations between various factors contributing to an integrated risk shock.
Non-Financial Risk Management
We align with the requirements of ISO 22301, ISO 31000 Risk Management principles /guidelines, FFIEC, NCEMA 7000/7001 and other BCM standards and best practices.
Our solution has a user-friendly design and attractive interface catering to multiple languages, role-based access and real time dashboards covering heat maps, relationship/hierarchy of risks/critical processes/systems/services and associated components, BCP status (live status of emergency plan activation and recovery status). The solution is highly configurable, therefore can be quickly implemented across the organization requiring limited resources. It runs on iOS and Android mobile platforms for users on-the-move. The software has the capability to interface with your systems to minimize data maintenance effort. Functionality spans,
- Risk Assessment,
- Impact Assessment,
- Recovery Strategy,
- Emergency Notifications,
- Crisis, Incident Management,
- Issues and Actions Management,
- Testing Exercises,
- BCM Training,
- IT Disaster Recovery Management,
- Compliance with standards & regulatory/government guidance.
Pandemic & Crisis Communication
We provide a Cloud/Mobile based solution toolkit to rapidly set-up and perform the following…
- Assimilate and Disseminate Information
- Monitor Employee Health Status Check
- Supply Chain BCP Status Check
- Emergency Message Broadcasts
Our Operational Risk solution helps Institutions define an interconnected map of organization units, products, processes & risks which helps the Institution assign risk and performance indicators to each node of the map. The solution helps the Institution establish indicators and controls and then score, carry our risk assessment and calculate inherent and residual risk.
Each step of Op Risk Management is covered within the solution from the point of recording and collection of loss incidents, to understanding which risks are material and which controls are effective, triggering a sequence of issues and actions processes, finally providing detailed heat maps and reports.
The solution is fully compliant with Basel and Sarbanes-Oxley standards.
Relevant topics of Compliance and Regulatory Rulebook can be automatically sent to relevant business owners for their attestation that they have indeed read and are in compliance as well as to certify this by uploading evidence.
The solution allows the Institution to assign different priority levels to different types and severity levels of compliance activity and create different workflows, frequency of reminders & escalation levels.
We can provide advanced levels of automation to author content, segregate material and distribute material on regulatory guidance and industry standards. We provide outsourced services to Financial Institutions to continuously monitor guidance issued by Regulators that the Institution needs to comply with and bring this content into an actionable framework within the Institution.
- Continuously updated changing regulatory information
- Roll-out tracking at top-of-the-house and at multiple business unit levels
- Context sensitive distribution & automated assignment
- Prioritization & escalations
- Attestations
Our Solution helps Institutions keep information assets secure such as financial information, intellectual property, employee details or information entrusted to you by third parties. Users can log in events which have occurred, near miss events, and likely events creating a process of risk assessment, indicators, controls and control effectiveness testing within the solution.
- Support for ISO 31000, ISO/IEC 27000, 27005 & Octave pertaining to information security risk management
- Quantitative or Qualitative assessment (i.e. identify, analyse and evaluate) relevant information risks, threats, controls, vulnerabilities to determine the likelihood of incidents or incident scenarios using ‘levels of risk’ to prioritize them.
- Workflow and alerts can be configured to keep stakeholders informed throughout the process
- Monitor and review risks, risk treatments and effectiveness
Our solution manages more types of risk than any other organization giving you not only a strategic view of integrated risk management across all your business channels – but also the tools you need to minimize exposure and avoid financial losses.
We cover suspicious KYC Management, Watch-list Filtering, Transaction Monitoring, STR Reporting and Case Management.
We are easily able to add new transactions types, channels, products and new detection scenarios on their own to meet new detection needs.
We have added risk management tools to enhance already strong analytics and dashboards to reduce false positives and uncover financial crimes. Likewise, our “bread-crumb navigation” capabilities increase analyst efficiency through higher detection rates, reduce false positives and aggregate alerts from multiple detection sources as well as make it easier for analysts to find their way back to previous steps when conducting an investigation.
Our solution uses a multi-layered approach to detecting financial crime. The multi-layered approach includes many available monitoring techniques including behavioral profiling, predictive modelling and analytics, risk scorecards, real-time and batch analysis and detection, peer group analysis and simple rules. The available techniques can be used individually or in combination providing a multi-layered detection funnel which provides very accurate results.
The detection techniques can be applied to monitor transactions, accounts, customers, correspondents and employees using techniques such as
- Behaviour Profiling
- Peer Group Analysis
- Machine Learning
- Advanced Predictive Analytics &
- Custom Complex Algorithms
The solution caters to FATCA regulation & reporting.
Financial Risk Management
Our Collections app is your anytime anywhere collection tool. Field staff can pull up payment and interaction history in the app when negotiating with delinquent customers. If they are ready to pay, you can give them multiple paying options – cash, cheque, online transfers, digital wallets or card swipe. You can send out payment links via sms, e-mail or even WhatsApp, Facebook messenger, Skype & even through Chatbots from the app. You can accept money through mobile wallets or payment aggregators. Split payments across different modes if need be. No tracking & reconciliation hassles ever. The app takes away the nightmare of managing receipt books & receipt slip inventory for once and for all.
We keep a digital track of the physical money. You can issue e-receipts to instantly register cash or cheque payments. Zero frauds & reduced auditing efforts.
You can manage all your priority tasks, appointments, collections progress, account dispositions & incentives easily even when on the move.
The workflows in our solution make sure that precise information – documents, account dispositions, communication history, payment history, remarks, correct contact details, etc. is always available to your teams in real time. As the accounts move from soft collections to hardship stage, the flow of relevant information is instantaneous.
You can program account allocation strategies in our solution. We can also design LGD models to make your collections process more effective.
When you subcontract collections work to agencies, keeping things in control is not easy. Our solution makes contract management & compliance maintenance easy for your operations team. You can define and enforce empanelment rules for different types of agencies when onboarding them. Create digital contracts or manage digital copies of contract documents & collaterals in one place. Operations & collections managers get automatically notified, in case of any discrepancies, slippages, fraud attempts or approaching contract expirations, when managing day-to-day work with agencies with geo-location tracking, tagging and fencing.
Credit Risk Assessment @ Origination
Our solution covers both Spreading/Rating of Wholesale/Commercial/SME borrowers and also Retail/HNI borrowers. We provide over 40 off-the-shelf industry specific Rating/Spreading models from Japan Credit Rating Agency International.
The solution can host the Institution’s internally designed rating models in an industry scale solution platform with a multi-user web front-end environment. We can also design Institution specific models and perform Validation and Calibration of Rating Models and economic circumstances change.
Custom made Retail Scorecards (Application and Behavioural) can be designed for your organisation. The statistical solutions come with a graphical interface, are easy to understand, use and thereon manage and modify by yourselves, as the market environment evolves.
Portfolio Analyzer
Our Portfolio Analyzer solution provides the Institution with the ability to analyse and monitor the credit risk of the entire portfolio, or one or more sub-portfolios, while applying stress testing and scenario modelling techniques to identify deteriorating credit.
Powerful charts and graphics identify loan concentrations, at geography, industry or loan type levels, while drills down features are used for individual customer analysis. Watch lists and custom reports can be tailored to ensure transparency of all deteriorating credits, and those requiring remediation are identified. User defined stress tests can be applied to ‘shock model’ a portfolio, and observe the shifts in key credit quality, and risk ratings. It can be used for credit management or data mining for marketing purposes and for feeds into allowance calculations and provisioning (ALLL).
Credit Default Statistics (Basel IRB & IFRS9)
We provide Advisory Services and easy to use Statistical Tools, with a graphical interface for end-users, to Design, Validate & Calibrate Rating, PD, LGD. EAD Models and the Macro-Economic Overlay without the need to understand complex statistical programming.
Our Omni-Channel Digital Customer Acquisition solution enables the Institution to
- Carry out Digital Paperless Customer On-boarding with digital workflows and (Video) eKYC
- Go beyond traditional channels like branch & telephone to BOTs, Social, Smart Speakers, Office Assistant etc.
- Flat 20 minutes Customer On-Boarding with real time API integrations
- Sales force automation for In-Branch or Field-Force Customer Acquisition
Credit Process Management
Our Credit Process Management solution covers credit related processes for both Corporate and Retail business and has a fully integrated workflow, business process management, collateral management, recovery & provisioning process as well as a document management engine.
Institutions can effectively manage the lending process cycle and bring together the competing interests of risk management, credit officers and lending managers though joining disparate processes and automating the movement of essential tasks both within and outside of the organisation. The full management of all credit application (right up to funds release), collateral and recovery processes is enabled. Our solution manages credit requests and risk-related information for more consistent and better informed decision making and organisation wide credit process optimization. It ensures full adherence with lending policies and procedures as well as compliance with Basel guidance in terms of controlling risk management processes.
Credit approval processes are often highly manual, prone to error and operational risk, and require input from many different stakeholders. Through automating key processes, the solution speeds up loan application and processing at the same time improving the quality of business decision-making and turn-around time for applications. Institutions benefit from increased competitiveness, efficiency savings, lower operational risks and losses, as well as higher business volumes thanks to a more compelling customer value proposition.
Balance Sheet Risk, Liquidity Risk and Market Risk
Every product type available in a Financial Institution’s Balance Sheet can be modelled and valued. CashFlows comprising of Interest/Profit, Principal and other Fees/Commissions, Premium/Discount are intelligently generated by the solution.
Our ALM solution delivers both Static and Dynamic Asset Liability Management. The Static ALM module enables organizations to measure interest rate risk inherent in the balance sheet using the economic value perspective – enabling you to quantify the market value changes of assets, liabilities, and economic value of capital resulting from interest and exchange rate movements – all in an intuitive user interface. Basic Balance Sheet Risk Reporting (ALM Reporting) such as MAL/SAL Reporting, NPV, Gap Analysis, Duration, Convexity etc. with specific views for Treasury, Finance, Risk perspectives are generated and customised per Institution.
Dynamic ALM involves projections and extrapolation of ALM risk and income profile on a scenario and simulation basis. Advanced simulation techniques including IRRBB, value-at-risk, earnings-at-risk and liquidity-at-risk are all supported and can be combined.
Both static and dynamic assumptions are possible and behavioural assumptions can go from basic to bank-specific modelling thanks to the integrated modelling features within our standard solution. Not only are ALM risk factors considered, but also credit events can influence the ALM analytics offering a truly integrated risk view.
In the conjoined market risk analysis (for value exposure and V.a.R), we cover the measurement of the risk faced by a financial institution to shifts in market rates such as interest rate, exchange rates, equities, commodities, inflation spreads.
We fully comply with generation of LCR (Liquidity Coverage Ratio) and NSFR (Net Stable Funding Ratio) and over and above this can apply a variety of Scenarios and Stresses for Liquidity Risk.
Accounting & Regulatory Compliance
Accounting and Financial Compliance has become more complex with every changing IFRS/AAOIFI requirements. Management and Auditors demand explanation of the differences between IFRS and local GAAP. Our IFRS/AAOIFI compliant solution allows the Organisation to reconcile and break down these differences as well as the reason for the difference. Our solutions come with an IFRS/AAOIFI compliant Chart of Accounts, fulfilling the combined requirements of the different accounting standards and is detailed to meet local GAAP requirements. It comes with ready-to-use library of approved accounting schemes. They all can be transparently complemented and re-configured to meet local GAAP.
Financial Consolidation
For geographically spread Organisations, we provide complex cross holding group structure, including multi-special purpose vehicle structures, which allows the Organisation to address IFRS/AAOIFI & Regulatory Requirements for Group Consolidation and Disclosure of Consolidated Financial Statements. The sub-ledger solution builds in a high degree of automation of the consolidation processes, allowing each entity to maintain its own Chart of Accounts, performing intra-group accounting eliminations and allowing extra accounting for manual adjustments
IFRS9
We provide an industry scale robust IFRS9 classification, measurement and accounting solution. This caters to the accounting treatment for stage movement, drill down, drill along, as well as Consolidation. This caters to Hedge Effectiveness Testing & Accounting.
We provide the Advisory Services & Tools for Model Management (Validation, Calibration and Optimisation). This is a Regulatory and Audit requirement. Our statistical tools come with a graphical user interface making the job of model validation and management easy for Risk Managers without the need for statistical programming expertise.
We provide robust and full automation to apply the Credit Factors specifically to meet IFRS9 requirements. PD’s are converted from TtC to Point-in-Time to Lifetime PDs, LGD and EAD Term Structures are derived, Macro Economic Overlay is applied to arrive at Expected Credit Loss (ECL) results under multiple scenarios. Flexible definition of Classification, Scenarios & Stage Assessment Criterion allows the Bank to accommodate any Regulatory requirement. We provide the knowledge to understand areas for optimisation and further on simulate and forecast ECL results based on scenarios.
Our solution calculates, simulates and stresses Risk Weighted Assets and capital requirements for credit. Supporting legacy from Basel 1 to Basel 4, the solution caters to Standardized Approach & (F/A) IRB Approaches. Credit Risk Mitigation techniques range from Simple to complex CRM, with one to one and many to many assignments.
We provide Financial Institutions with risk-sensitive approaches for managing regulatory and economic capital. Our customers have turned compliance into a strategic advantage, leveraging economic capital modelling techniques to more effectively measure concentration of risk within portfolios, limits monitoring and make better business decisions. The solution provides a unified view of capital charges across Credit, Market and Operational Risk and consolidation across multiple group entities.
We help you from data management and reconciliation, to PD/LGD/EAD estimation, to fully automating regulatory capital calculations, reporting and simplifying the audit process.
We cater to elegant configuration of Areas of National Discretion (AND) therefore complying to any Regulatory directive. Powerful reporting tools can produce the results in exactly the template that your Regulator prescribes.
Financial Reporting
Our solution combines familiar reporting tools with real-time data, automation, and financial intelligence by centralizing all data in a single trusted source that seamlessly integrates with Microsoft Office. To ensure your reports are always consistent, they dynamically update with the most recent data and narrative when changes occur.
Our self-service tool enables all users to slice, dice, drill, and transform data to produce value-added analysis. Your team can collaborate easily using a built-in workflow, centralized data source, and version controls. Whether you’re creating the annual report, budget book, or earnings presentation, you’ll always have confidence that your data is correct and consistent.
Disclosure Management
Our solution takes the human effort, and human error, out of the last mile of finance. Instead, our software automatically populates the latest results into reports, giving you the confidence that your annual filings, board books, and management presentations are up-to-date with the latest numbers.
Whether you’re creating financial, statutory, or management disclosures, our end-to-end platform automates all checks and balances, while normalizing and validating data. The result? Your disclosures are accurate, consistent, and compliant with the IFRS or multi-GAAP that you are subject to. You will spend less time verifying disclosures, and more time on value added activities, like analysis.
Regulatory Reporting
Inputs, narrative, validations, updates, approvals, audits — meeting compliance doesn’t have to be an obstacle course. Our solution makes regulatory reporting simple for the office of the CFO & CRO. Our solution brings granular financial and operational data together in a single source so you can easily locate relevant data and prepare it in accordance with regulations.
Our solution comes complete with pre-built compliance solutions, Lease Accounting, IFRS 9, IFFRS17, iXBRL, and more, that streamline your regulatory reporting process. Each compliance solution includes configurable report templates, a process workflow, requirement-specific calculation logic. As with all our products, our compliance solutions automatically cascade real-time data into your reports. With disclosures that are easily audited, verifiably accurate, and completely trusted, you can be confident that your reports are 100% compliant, 100% of the time.
Internal Risk Audit
Recent advances in banking practices like Basel, IFRS 9, IRRBB demand equivalent enhancement in the skillset and experience of Internal Audit staff. We equip Internal Auditors with the skills and tools which are designed to help them accomplish their objectives through a systematic and disciplined approach to investigate, evaluate risk models, suggest improvements in risk management, control, and governance processes in the Institution without the need to understand code in R, SAS, MATLAB or any other programming language.
We streamline the activity of identifying gaps, quantifying the risks interpreting their consequences and reporting through our Tools along with complete knowledge transfer.
Key features
- Quantitative evaluation of accuracy and strength of Models, estimates and forecasts.
- Qualitative evaluation of subjective aspects (governance, data quality, conceptual soundness, etc.) against best practices.
- Objective Summarization of review results into scores and conversion of scores into interpretations.
- Variance Across Time Analysis to detect any abnormalities in results (like ECL, IRRBB, Basel, Exposures, etc.)
- All Models can be supported and assessed.
- Internal Audit Reports are intelligently generated (in MS-Word) with elaborate interpretation of each and every assessment performed.
- Powerful Validation Engine without the need for any coding.
- Supervisory Module to monitor progress of Audit Processes and evaluate Audit Process Efficiencies.
- Dynamic Dashboarding to perform visual analytics.
Performance
Funds Transfer Pricing
Our Funds Transfer Pricing solution helps a Financial Institution measure the effect of re-pricing and mismatch risk between assets and liabilities, arriving at an internal transfer pricing rate between funding and deploying businesses within the Institution.
Our FTP solution supports multiple methods and allows industry best practices, like direct assignment, pool based, matched maturity, replication based methods for non-maturing accounts, and many more out-of-the-box FTP models. Our rich experience with Financial Institutions across many geographies helps us to guide our Customers on industry best practices the methodology which will best suit their business environment.
Risk Adjusted Profitability
Our FTP solution extends to make measured deductions such as Allocated Costs, Provisions, Taxes & Capital Charges to calculate the actual risk adjusted yield from the loan or facility.
Our Business Intelligence solution comes with out-of-the-box preconfigured executive dashboards providing views of businesses including Retail and Corporate Banking in addition to Risk Management and Financial KPIs making the process of establishing and use of the solution rapid. We provide further enhancements to Institution specific requirements.
The high-level business overview dashboards allow users to zoom in and filter on any specific KPI and displays analysis in various ways of comparison, ranking, distribution and trends. Filtering can be applied on any measure and dimension to reflect the figures.
Out of the box dashboards and views include;
- Relationship Analytics
- Deposits Analytics
- Retail Loans Analytics
- E-Channels Analytics
- ATM Analytics
- Branch Transactions Analytics
- Credit Card Analytics
- Debit Card Analytics
- Branch 360 Analytics
- Financial Analytics
- Risk Analytics
- Corporate Banking Analytics
The treasury and cash management solution provides immediate cash visibility to CFO’s and Treasurer’s of large Corporations.
We automate the process of receiving MT940 and MT950 statements from all Banks and Accounts that the Corporation has across subsidiaries, countries and currencies.
We provide fully reconciled dashboard views of cash in bank and in-clearing to the CFO/Treasurer before they start their business day, allowing them to use their time more proactively managing the business. We have adaptors to several ERP solutions to bring in the comparative payables and receivables.
The solution can effect sweeping, pooling and target balancing automatically through pre-defined business rules making the most of FX rates, Interest Rates and Bank Charges.
The solution caters to
- Investment Book Position keeping
- Liquidity Forecasting
- Payments
- Bank Account Management
- Direct Debit Payments
- Trade Finance: MT 7xx
- Trade Requests
We provide rapid implementation of the solution within weeks.
Islamic Banking
We provide solutions covering a wide variety of Islamic Banking products such as:
- Foreign Exchange
- Islamic Money Market
- Islamic Equities
- Islamic Derivatives
- Islamic Sukuks
The solution product coverage includes Murabaha, Murabaha Deposit, Quard hasan, Tawaruq, Wakala, Operating Ijara, Financing Ijara, Unrestricted Mudaraba, Restricted Mudaraba, Placements with Points, Borrowings with Points, Forex spot, Forex promissory, Sukuks, Equities, Funds, Salam, IPRS, Islamic Cross Currency Swap, IFRA & Product Mix.
The solution covers the complete life cycle from Front to Back Office, integration with ACH, RTGS, Reuters/Bloomberg, Swift, etc.
Activities such as Payments, Receipts, Settlements, Automated Collection, Rescheduling, Rollover are handled in the solution. Contracts, Advices, Forms, and Confirmations are automatically generated.