The new solution will provide a comprehensive view of the bank’s operations with the ability to stress, forecast and optimize over a range of possible changes in portfolios and key risk drivers at the enterprise level.
According to the company, the product will also allow the entire banks’ policies and strategies to be measured and analyzed in terms of capital consumption, exposure, liquidity and profitability over a range of possible changes in portfolios and key risk drivers, reducing the likelihood of surprises and enhances the bank’s ability to respond to changes while continuing to meet its risk and return targets.
According to the Algorithmics, the web-based dashboard interface, Algo Strategic Business Planning will facilitate both day-to-day oversight and long-term strategic planning by providing senior managers and decision makers with a holistic overview of their organization derived from their existing systems and infrastructure.
The features of the solution include: ‘Bank on a Page’ reports, showing key metrics for market risk, credit risk, ALM, liquidity and capital within a single, web-based interface, that are intelligible and interactive
CEO watch lists, including, top 10 counterparties by exposure or capital consumption, or bottom 10 bank divisions by RAROC. Analysis of incremental economic capital and RAROC, showing the impact of changes in exposure on capital consumption and profitability.
Algorithmics Business Intelligence Group senior director Richard Reeves said that banks of all sizes are challenged to present the wide array of results and data produced by their various risk and finance systems.
"Algorithmics has developed Algo Strategic Business Planning to help banks extract, interpret and analyze this information in a timely, meaningful and interactive way for executive oversight and analysis," Reeves said.
