Scalable and agile? Do you have the right people on the job? Risk management comes down to people. Technology can maximize their essential productivity in processing data, and reduce errors with in-built validations and standard data transformation and aggregation , with comments, logs, version controls and audit trials, risk. Help them better to manage risk by turning data into timely intelligence with kpis to manage, report and inquire on information.
The BCBS framework can be broadly categorised into 4 main pillars. This encompasses day to day management structures and the senior management and C-level ownership of risk data.
This Pillar requires organisations to put in place the right kind of technology and process infrastructure, not only for risk aggregation requirements, but also to offer an extensible framework that will allow easy incorporation of newer forms of risk and sudden spikes in computation capabilities in stress or crisis scenarios.
Supervisors require appropriate means to review the aggregated risk output, to inquire further and to make any remedial changes as part of the workflow. Data Accuracy Another essential factor to consider is data accuracy. Most big banks tell us they still struggle with data quality issues.
Large global banks are often the product of complex mergers, that involves its own set of data and technology challenges. Banks have multiple systems introduced often ad hoc for new revenue streams from different asset classes.
The systems were never designed to capture the data in a manner to support the reporting required by regulators. There is often very little integration in the front office and there are often more than 50 systems and subsystems that hold data.
Each desk has its own: trading, booking, pricing and reporting systems. New product are then built on those legacy systems and copy data from middle-office risk aggregation systems and may receive risk in more than one data channel for the same asset class,. Risk managers need to know what is the real risk and it is not practical to do this efficiently or in a timely manner form front office systems aggregate din Excel.
The completeness and quality of data in the back office is more important than the mathematics underlying risk calculations in the front office. IT investment in integrating and normalising banks data is even more important than updating risk engines. Consider whether your reporting solution should embed a risk engine maintained by the software author in lien with regulatory requirements. BCBS requires board level review of the risk data aggregation for new product approval and also for other strategic business decisions such as: mergers, spinoffs and acquisitions.
The uncertain nature of financial markets, makes it both more difficult and more important for investment banks to build an agile infrastructure and reporting capabilities to make faster and better informed investment and decisions.
There is an overlap of what BCBS prescribes and similar initiatives supporting other regulatory frameworks e. Forward-looking finance executives are using high-performance technologies to create fundamentally superior, compliant risk reporting processes which also help executives meet their goal of sustainable profitability.
Buy vs Build? Their advice? Ask us about BRS Analytics — purpose built for bank regulatory reporting. Hasan: Windows 8. Synergy Software Systems, based in Dubai, UAE, has been in business for almost 25 years and many members of their staff have extensive experience in the hospitality industry with major hospitality groups across the region.
Deyafa Systems is dedicated to the Hospitality sector and represents Synergy Software Systems solutions with their full technical backing. SAI remains in close partnership with Deyafa to provide Tier 2 technical support as required. In the next few days, Synergy MMS clients you will receive a communication from Deyafa containing contact and other account-related information.
If you have any questions, please feel free to contact us at your convenience. No comments ». Posted in General Synergy News , Hospitality.
The cost effective, cloud based Keyed-In solution for project management , is now even better value for money. KeyedIn Projects Version 5. Posted in Project Management. Prophix 11, SP4, brings new innovations in: Template Studio, Document Explorer and usability enhancements to user productivity. Highlights include:.
A critical issue was found in CU13 that could impact any customer setting up a new Management Reporter installation and using SQL authentication. The original installation files were removed from CustomerSource and a new set of installation files were posted last month. The re-release also contains the hotfix for the missing web viewer scroll bar. This can be used as an upgrade from the initial CU13 release, or as the CU13 full install including the fix for this issue.
Cortana Analytics refers to a cloud-based ecosystem hosted in Microsoft Azure for building and deploying elastic, scalable modern data warehousing and advanced analytics solutions. ImagineCare aims to significantly enhance patient outcomes by predicting the probability of catastrophic events such as heart attacks and emergency readmissions before they happen.
Rockwell Automation created a solution to monitor expensive capital assets for petroleum capturing data from the well to the forecourt pump.
It uses that data to improve efficiency, drive better performance and enable innovation. Based on Microsoft Azure Internet of Things services, the solution collects, integrates, and organizes sensor data from remote equipment across global supply chains to support real-time insight, predictive analytics, and preventive maintenance. Corporate Vice President James Phillips describes how Microsoft is reinventing business intelligence BI with Microsoft Power BI, a rapidly growing business analytics service with groundbreaking data analysis and visualization capabilities.
Cortana Analytics Suite will soon be available as an integrated offering with a simple monthly subscription model that takes advantage of all the relevant analytics and big data capabilities. Make better, timely decisions and intelligently automate operations.
The offering, while customizable to fit the unique needs of organizations, will also provide preconfigured solutions to speed deployment of common scenarios we see across many industries, such as fraud detection, churn analysis and recommendations. Search for:. Archive for October, « Older Entries. No comments » Posted in SQL. For example, in a Budget Formulation process managed by Dynamics AX, budget requesters and approvers get to work with budget data naturally in Microsoft Excel.
The power of the cloud. Cloud is more than tired buzz word, but when people talk about the cloud, it is usually limited to infrastructure — the ability to host and deliver software as a service.
Ax 7 shows what the cloud means for businesses. The cloud powers the intelligence, and enables growth and the ability for people to do business anytime, anywhere, on a global scale.
The cloud enables agility that was never previously possible Microsoft Dynamics AX, no longer has a without any version or year associated with it because what you will have will always be the latest.
Speed — implementing a system quickly, the ability to get people up and running faster, changing business processes without business disruption, getting real-time insights into business to accelerate productivity and ultimately getting the fastest time to value are top of mind for every customer.
An integrated user training mode — Task Guides — helps new users complete business processes with on-screen guidance in the client experience, and that same facility can let users drive the application through voice commands to Cortana. In addition to being great on the Microsoft Edge browser, the new solution is also available on all modern browsers. The new Microsoft Dynamics AX is expected to be available in public preview for all of our customers and partners in countries by early December and to launch end of first quarter This is a major transformation for Dynamics AX and the beginning of a new era for Dynamics — and for reinventing business process and productivity.
Note that Technet pages are not always current. The system requirements documentation was updated in October and is available to our customers on request. NET 4. A new version v 2. New measures are based on combinationS of base measure ,and date. It works with every transactional measure, in all cubes! Try it! Mobile: datazen. Virtual cubes Create Virtual cubes easily from physical cubes standard and wizard created cubes.
Automatic license update License is automatically updated on every process. No need to go to the application and click update license.
Offline License Offline license process has been redesigned. A new version, with all documentation, is available on the Support portal and on the web page. Videos that demonstrate new features will be available next week. It was good to catch up with old friends at Gitex and to meet so many new faces looking for our solutions. Windows 10 IoT will power a range of intelligent, connected IoT devices. From small devices like gateways, to mobile point- of- sale to powerful industry devices like robotics and specialty medical devices, Windows 10 IoT offers a converged platform for devices with enterprise-grade security from the device to the cloud, and native connectivity for machine-to-machine and machine-to-cloud scenarios with Azure IoT Services.
With the Azure IoT Suite, immediately see when a business asset or device needs attention. This allows a business to move from reactive to proactive maintenance—and then to full automation. Cost security governance, scalability, services, public, private or hybrid — a common sense introduction. A critical issue was found in CU13 that could impact any customer setting up a new Management Reporter installation and using SQL authentication. The original installation files were removed from CustomerSource and a new set of installation files were posted last month.
The re-release also contains the hotfix for the missing web viewer scroll bar.
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