The bank need to have all of these in order to manage risk. During this presentation we will focus on Risk Reporting and Analysis
Risk management cannot effectively function without BI. The BI infrastructure within an organization is needed to collect and analyze data on a highly detailed level which is then input into risk-related decisions. BI also is needed to allow executive level decision-makers the ability to look across all categories of risk (in different business units, categories, geographies etc.), providing a more global view into business performance, and where certain risk-related issues need to be addressed.
All business units need to take an enterprise view of risk so that the potential impact one business unit’s actions may have on the total organisation is understood, assessed and communicated. The risk management functions within the business units work closely with the corporate risk unit using continual communication, participation in various management committees and a clearly defined matrix reporting structure.Key is to tailor risk reporting frameworks to the individual organization. With many organisations looking to maintain a central risk executive – the chief risk officer – while empowering business units to manage their own risk, adapting risk reporting approaches can be difficult, particularly in organisations with diverse and complex operations. Another key challenge is the integration of risk management processes to bring conformity to our reporting regime. The major challenge here is convincing and negotiating with the broad range of stakeholders that manage their own risk management processes and systems.It’s also crucial to ensure that risk reporting is not a one-way street. While, ostensibly risk reporting is designed to enable senior executives and the board of directors to make informed business decisions on the basis of accurate risk information, it should also be linked back to those ‘at the coalface’.
Panorama BI 3.0 for Financial services
Risk Strategy Components Risk ManagementRisk Policy Risk Risk AppetitePrincipals Structure Risk Reporting Risk Analysis Effective Risk Management can make an organization increase profitability and stability
BI is Key to Effective Risk Management Provide global Preview all types Collect and view into of risk at high Analyze Data on enterprise risk level detailed leveland performance (different business units, categories, geographi es, etc.)
Risk Management Solution Panorama Necto • Holistic and aggregated view of Risk (include VaR – Value at Risk) SQL Server Analysis Services • Aggregation of risk, including flexible modeling using the conservative handling of correlations Thompson Algorith-QuIC Misys Infosys SunGard Reuters mics • Traditional Risk Engines for Market Risk, Credit Risk, Operational Risk
Panorama NectoTM BI 3.0: Build Your Corporate IntelligenceADVANCED ANALYTICS Easy-to-use analytics for business users and advanced analytical SOCIAL BI capabilities for power users Engaging platform for collaborative decision making Self Service CONTEXTUAL DISCOVERY Intelligent BI engine thatautomatically pushes relevant insights by understanding user’s behavior
Leverage Existing IT Investment NectoAutomated Dynamic Advanced Social BI Insight Workboards Analytics Necto Server AIDEN- Business Logic (Automated Insight Engine)- Unified Data Security Model
Benefit with Business Intelligence 3.0Faster move Faster and Findfrom data to better additionalaction decisions insights through social locked within decision your data makingImprove Real time Increase BIknowledge access to data Userretention anywhere you Adoption go Rate
Effective Risk Reporting• An enterprise view of risk with drill- down options• Empower organizational leaders to make accurate risk-based decisions (Supported by well defined processes)• Adapt unified risk reporting approaches across all business units• Collaboration - risk reporting is not a one-way street
Panorama Extends Microsoft BI Platform The only BI tool specifically designed for MS• Empowers SharePoint • Create and manage • Provides advanced BI content with Social OLAP cubes analytical tools for the BI automatically power users• Integration to feeds, • Automatic analytics • Gives the ability to profile and search capabilities and cause spread BI to the• Connect BI data and & effect algorithms masses through SharePoint • Expands the use of innovative interface & Documents to allow Analysis Services with integration with Office quantitative and relevancy and SharePoint qualitative analysis, mechanisms using Fast Search
Flexible user licensing and Configurations access Named or SMB or Software as a concurrent Enterprise On-premise Service licensing
About Panorama Leading the BI 3.0 Revolution 1,600 customers worldwide Ranked No. 1 in search-based BI Ranked No.1 in OLAP Analytics Chosen for functionality, integr ation to chosen infrastructure, and implementation costs and effort