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regtech platformseNewsletter Winter 2018

Following the successful implementation and product development of RiskAvert, a comprehensive Regulatory Compliance and Reporting solution addressing the calculation, group consolidation and reporting of Credit, Market, Operational and Liquidity risk according to the Basel III framework, the system is now enhanced  to fully support XBRL validation and conversion functions for multiple taxonomies. This functionality completes our end-to-end automated environment of operations regarding capital management and regulatory reporting submission by Financial Institutions.

Built on the latest widely used technologies, RiskAvert ensures seamless integration with various data sources along with performance, stability, scalability and unique user experience.

The solution’s sophisticated credit risk engine measures regulatory credit risk capital under all approaches, thus allowing the Bank to evolve from the Standardised towards the IRB approaches, while its highly effective and customisable CRM allocation algorithm ensures optimal use of Credit Risk Mitigants for minimising the institutions’ capital requirements.

Supervisory review and multi-dimensional what-if analysis, applying sensitivity shocks and scenario analysis through idiosyncratic, systemic and combined approaches are effectively accommodated via its holistic stress testing framework and the extensive concentration risk calculation and reporting features. MIS tools inbuilt to the system allow for delivering a wide range of reports, covering the tactical needs for regulatory and financial disclosures, while also providing the ability for ad-hoc access to risk data and generation of unlimited management reports.

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