Digitalization
Risk Office

The Challenge

Monitoring, management, and control of risks 

The demands on banks' risk management have increased significantly in recent years. Risk office experts must regularly respond to new requirements when performing complex analyses around loan assessments or evaluating secondary sources of repayment from collateral.

In the lifecycle of a loan portfolio, prolongations, disclosures, monitoring, waivers, and much more repeatedly lead to new tasks for the back office, especially in corporate banking.

If there is no digital system to support them, this makes the work of risk analysts even more difficult:

• Analyses are carried out manually in a time-consuming manner in various documents (usually Word and Excel).
• Data is held in multiple systems: results are transferred to a decision document or a target system for decision management
• Audit-compliant management of documents is often not possible
• Missing documents or pending deliveries interrupt processing if no option for smart collaboration exists
• High demands on documentation and accountability to provide evidence cannot be fully complied with