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DFS21_EU Pitch Battle_Matthias Coessens_ElysianNxt _211130
The document discusses the evolving landscape of financial regulations and the management of various risks such as credit, market, and liquidity risks in financial institutions, particularly in the context of post-2008 reforms and Basel IV. It highlights the challenges faced by banks in adapting to regulatory changes and introduces a software solution by elysiannxt that significantly reduces implementation time and costs. Furthermore, it outlines the company's growth strategy and partnership efforts in response to upcoming regulatory demands.
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DFS21_EU Pitch Battle_Matthias Coessens_ElysianNxt _211130
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- 2. FINANCIAL INSTITUTIONS THE REGULATOR REGULATIONS MONTHLY REPORTING The fascinatingworld of RegRisk IRRBB CREDIT RISK MARKET RISK LARGE EXPOSURES BASEL IV IFRS 9 LIQUIDITY RISK LEVERAGE RATIO
- 3. FINANCIAL INSTITUTIONS THE REGULATOR REGULATIONS MONTHLY REPORTING The fascinatingworld of RegRisk: Post ’08 financial crisis IRRBB CREDIT RISK MARKET RISK LARGE EXPOSURES BASEL IV IFRS 9 LIQUIDITY RISK LEVERAGE RATIO AD-HOC & INTRA DAY STRESS TESTING SCENARIOS RISK MODEL REVIEWS White Rhino Events Black Swan Events Environmental Factors Political Factors Macro-Economic Factors
- 4. TIME HIGH LEVEL GUESTIMATES ProblemsBanks face trying to respond to what-if scenarios
- 5. HIGH SPEED PERFORMANCE COST EFFECTIVE SOFTWARE DESIGNED FOR CHANGE 02 Howwe solve the problem
- 6. Months/Years Technology Days $$$$$ Weeks User empowered (UI/UX) Minutes Upto 80% reduction IMPLEMENTATION INTERACTION REPORTING TOTAL COST OF OWNERSHIP VS TRADITIONAL PROVIDER ElysianNxt SOLUTION What makes us different
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- 8. 2017 2019 2020 Founded 3 Installations • IFRS9 2018 2021 34 Installations • IFRS 9 • Basel Credit Risk • IRB Model Hosting • Interest Rate Risk • Liquidity Risk • Market Risk 19 Installations • IFRS 9 25 Installations • IFRS 9 • Basel Credit Risk • IRB Model Hosting • Interest Rate Risk Customer Journey >60% ARR growth YOY
- 9. Go-to-market Strategy with established regionalpartners • Direct in South-East Asia and Europe • Certified implementation partners Middle East, Europe and Australia Partners
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Editor's Notes
- #3 Good afternoon, ladies and gentlemen. I am Matthias, Co-founder and Managing Director EMEA of ElysianNxt, a Belgian-Thai RegTech company, focusing on regulatory risk. What is Regrisk about? Banks all over the world need to report to the local regulators how they deal with different types of risk. Banks spends millions of dollars in systems dealing with these kind of regulatory requirements. During decades they were focused on month end reporting to the regulators.
- #4 After the Financial crisis in 08, different reforms like the IFRS9 standards started asking banks to use forward looking elements in their provisions. Also, black swan events like covid-19 or upcoming grey rhinos like climate change as part of ESG, the regulator is now asking banks for what if scenarios or stress tests that need to be produced intra months or sometimes intra day.
- #5 Despite having spent millions of dollars in systems to calculate risk measures, these systems are way too slow and way too rigid to be able to respond to those intra month simulations and what if scenarios required by the regulator. To be able to respond in a timely fashion they often have to rely on high level management guestimates, produced in excel spreadsheets, No justification or audit trail back to the underlying contracts. Good luck if you need to explain the numbers.
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- #7 It’s comparing the nokia with the I-phone with the difference that the I phone is also much cheaper this time. You can implement much faster, the end user can really play around with the system and do simulations and stress tests. The calculations are performed in minutes instead of days and it’s saves the banks al lot of money to become and stay on top of the regulation.
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