Operational Risk Management software for Banks, Insurance companies, Nexum

ARCHITECTURE NEXUM ORM CAN BE EASILY INTEGRATED WITH EXISTING APPLICATIONS OR EXTERNAL SYSTEMS BECAUSE OF SERVICE ORIENTED ARCHITECTURE IN ITS CORE. THE SYSTEM IS POWERED BY THE LEADING BUSINESS PROCESS MANAGEMENT PLATFORM ULTIMUS BPM SUITE TO DEFINE, AUTOMATE AND EXECUTE ORM PROCESS. WEB-BASED NATURE OF NEXUM ORM ENSURES IT CAN BE USED IN ANY USER ENVIRONMENT. INFRASTRUCTURE CLIENT: WEB BROWSER SERVER: WINDOWS SERVER USER AUTHENTICATION: ACTIVE DIRECTORY, LDAP OR CUSTOM DIRECTORY DATABASE: MICROSOFT SQL OR ORACLE Nexum ORM About NEXUM Insurance Technologies Operat ional R is k M anagem ent Nexum Insurance Technologies specializes in s oft w are f or software and business solutions for financial institutions, particularly in the field of business - Bank s process discovery, analysis and management FOR MORE INFORMATION CONTACT - Ins uranc e c om panies (operations management). Based on experience in the banking and insurance Headoffice Office in Lithuania Nexum Insurance Technologies Ltd., UAB Nexum IT, sector, process consulting for financial 6-504 Duntes str., Riga, LV-1013 1-36 Olimpieciu Str, Vilnius, A step to institutions, Nexum Insurance Technologies BASEL II Latvia LT09200, Lithuania delivers a comprehensive approach to ORM +371 67609275 +370 52127656 SOLVENCY II implementation in few weeks. e-mail: info@nexum.lv e-mail: info@nexum.lt

ACCURATE AND COMPLETE LOSS DATA STRUCTURED AUTOMATED PROCESS • LOSS INFORMATION COMES FROM THE ORIGIN OF THE INCIDENT AND AT THE TIME OF OCCURRENCE • NO LOST INCIDENTS BECAUSE OF AUTOMATED AND • BALANCED LEVEL OF DETAILS OF OPRISK EVENT DESCRIPTION VISUALIZED STEP-BY-STEP INSTRUCTIONS FOR INCIDENT • ACCUMULATION OF EXPLICIT AND IMPLICIT LOSS DATA REGISTRATION, RESOLUTION AND CLOSURE • REGISTRATION OF INCIDENTS RELATED TO A SIGNLE EVENT BENEFITS COMPLIANCE • ACCOUNTS FOR ALL EVENTS – FROM SMALL TO LARGE • NO MISADDRESSED INCIDENTS BECAUSE OF AUTOMATED • MULTIPLE LEVELS OF EVENT CATEGORIES COLLECTED DATA IS NEEDED TO QUALIFY FOR THE ROLE-BASED INCIDENT ROUTING AND WORKLOAD ADVANCED MEASUREMENT APPROACH UNDER DISTRIBUTION. THE INCIDENTS ARE AUTOMATICALLY RISK MANAGEMENT BASEL II OR FOR THE USE OF INTERNAL MODEL FORWARDED FOR RESOLUTION BASED ON EVENT TYPE • COMPLETE OPRISK LOSS DATA NUMEROUS SOURCES OF OPRISK UNDER SOLVENCY II • HIGH EMPLOYEE INVOLVEMENT EVENTS • NO FORGOTTEN TASKS OR MISSED DEADLINES BECAUSE OF • A STEP TO BASEL II OR SOLVENCY II • EMPLOYEES REPORT INCIDENTS AUTOMATED TASK DEADLINE CONTROL AND ESCALATION COMPLIANCE • CUSTOMERS SUBMIT CLAIMS • ACCURATE RISK ESTIMATION • OTHER INTERNAL AND EXTERNAL SYSTEMS OR • FOCUS ON CRITICAL EVENTS FIRST BY AUTOMATICALLY • IMPROVED EFFICIENCY OF RISK PARTIES PASS INCIDENTS OR LOSS WARNINGS TO ASSIGNING INCIDENT PRIORITIES BASED ON COMPANY SPECIFIC DEPARTMENT NEXUM ORM FOR LOSS REGISTRATION AND OPRISK HEAT MAP PREVENTION • SHORT INCIDENT CLOSURE TIME BECAUSE OF BUILT-IN COMPANY MANAGEMENT ELECTRONIC TASKING AND PAPERLESS OPERATIONS • STABLE CORE OPERATIONS • LOWER RISK • APPROPRIATE CAPITAL SET-ASIDES REFLECTING THE LOWER RISK • REDUCED ADMINISTRATIVE COSTS EMPLOYEE OPRISK DATABASE FOR REPO RTING • FAST RESOLUTION OF PROBLEM SIMPLICITY AND AVAILABILITY FOR EVERY EMPLOYEE • EASY FOLLOW-UP OF EACH ISSUE WIDE RANGE OF REPORTS CAN BE GENERATED BECAUSE OF WELL DOCUMENTED LOSS DATABASE INCIDENT REPORTING IS EASY AND FAST FOR REGULAR EMPLOYEES BECAUSE REPORTED STRUCTURE OPTIMIZED TO STORE OPRISK DATA. ANY KIND OF EXISTING REPORTING TOOLS FROM OF VERY STRAIGHTFORWARD WEB FORMS TO REPORT INCIDENTS WHICH CAN EXCEL TO SOPHISTICATED ANALYTICAL SOFTWARE CAN BE USED TO PRODUCE REPORTS FROM THE BE ACCESSED VIRTUALLY FROM ANY PLACE WITHIN A COMPANY. REPORTING DATABASE ON DEMAND OR BASED ON PREDEFINED SCHEDULE. FUNCTIONALITY CAN BE ALSO INTEGRATED INTO EXISTING INTRANET PORTALS, CUSTOMER HELP DESK SYSTEMS, INTERNET BANK SYSTEMS, INSURANCE PORTALS OR ANY • MORE RESPONSIVE CUSTOMER OTHER SYSTEM. EXTERNAL LOSS DATA EXCHANGE SERVICE PREVEALING STANDARDS WERE KEPT IN MIND WHILE BUILDING NEXUM ORM LOSS DATA MODEL. RISK ANALYSTS GET SOPHISTICATED TOOLS AND INTERFACES TO COLLECT THEREFORE THE PRODUCT IS READY FOR EXTERNAL LOSS DATA EXCHANGE. LOSS INFORMATION WHILE CLASSIFYING, ROUTING, CONTROLLING AND CLOSING INCIDENTS

http://www.solvency2.lv	150
http://www.nexum.lv	116
http://www.nexum-it.ru	91
http://www.nexum-it.com	25
http://nexum-it.ru	20
http://www.slideshare.net	7
http://nexum.lv	3
http://solvency.mp.bi.lv	3
http://www.nexum.lt	3
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Operational Risk Management software for Banks, Insurance companies, Nexum

by Mihails Galuška on Jul 29, 2009

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Operational Risk Management software for Banks, Insurance companies, Nexum — Presentation Transcript