A universal bank in the D-A-CH region was looking for a digital solution to optimize its risk reporting in the lending business. The bank's risk managers require the ability to provide information at any time, as well as process control and continuous audit compliance in risk reporting and the management of the derived measures. In the past, this was largely done manually in the bank using Microsoft Office and e-mail. However, these solutions did not meet the regulatory requirements and could no longer provide the transparency and speed demanded by management.
Our client's issue grew out of the "Principles for the Effective Aggregation of Risk Data and Risk Reporting" (BCBS 239) released by the Basel Committee on Banking Supervision. But also today, new requirements for risk reporting continue to emerge from regulatory contexts such as the EBA guidelines or Environmental, Social, Governance (ESG), which require a multi-risk type IT infrastructure. A solution must transfer the data required for reporting into an overarching management view and provide transparency about impact modes.
In collaboration with the bank's project team, the following requirements for the digitalization project were identified:
The business app 'Portfolio Management' was implemented together with the universal bank and our business partner IBM on the isfinancial banking platform. The application is based on a pre-designed concept with customizable reporting elements as well as easily configurable process models for report generation.
The implementation on the isfinancial banking platform offers our customer a balance between agility and change dynamics on the one hand, and stability and conformity on the other. The universal bank thus benefits from the advantages of a flexible process and solution platform and those of a stable and compliant production system.
Narrower control and
Faster risk-adjusted decisions in transparent financial markets
Fully automated documentation of all activities along the risk reporting process