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Case Study


Banking & Finance
Risk Identification & Management
Holistic Risk Portal

 

Introduction
 

The European Corporate & Investment Bank (ECIB) faced a common challenge: multiple disjointed systems for monitoring counterparty risk. Each system provided only a partial view into the risk landscape. ECIB recognized the need for a unified approach to assess counterparty exposure across their diverse organizations and product lines.

Client Background

 

ECIB is a leading corporate and investment bank known for its comprehensive banking and financial services worldwide. The Bank is headquartered in Europe but has a significant institutional presence in the United States.

Challenges

ECIB was looking to implement a holistic risk portal that can provide counterparty risk assessment across the organization and products in a single place. The challenge:

 

  1. Fragmented Systems: ECIB operated various risk monitoring systems, but none offered a comprehensive overview.
     

  2. Lack of Holistic Assessment: There was no single point of access to evaluate counterparty risks across the entire organization.
     

  3. Data Silos: Critical risk data was siloed, hindering effective decision-making.

Key Features & Benefits
 

Intellectual Capital Services, Inc. (INTELCS), a New York-based digital strategy and transformation firm, collaborated closely with ECIB to address these challenges and create a holistic counterparty risk portal:

 

  1. Understanding the Landscape
     

    • INTELCS collaborated closely with ECIB’s credit risk and technology teams.
       

    • They conducted an in-depth analysis of existing systems, data sources, and risk assessment processes.
       

  2. Designing the Holistic Portal
     

    • INTELCS envisioned a single access point for counterparty risk assessment.
       

    • The portal would consolidate data from various systems, providing a 360-degree view of counterparty exposure.
       

  3. Data Integration and Transformation
     

    • INTELCS worked on breaking down data silos.
       

    • They developed connectors to pull data from disparate sources (transaction records, financial statements, market data).
       

    • The data was transformed into a standardized format for seamless integration.
       

  4. User-Friendly Interface
     

    • The risk portal was designed with a user-centric approach.
       

    • Intuitive dashboards allowed stakeholders to explore counterparty risks across different business units and products.
       

  5. Risk Metrics and Analytics
     

    • INTELCS incorporated advanced analytics to calculate risk scores.
       

    • The portal provided real-time insights into credit exposure, default probabilities, and concentration risks.
       

  6. Security and Compliance
     

    • The portal adhered to strict security protocols to safeguard sensitive data.
       

    • Compliance checks ensured alignment with regulatory requirements.

Results and Impact
 

  • Unified View: ECIB now had a single pane of glass to assess counterparty risks.
     

  • Informed Decision-Making: The credit risk committee could make timely decisions based on comprehensive data.
     

  • Efficiency Gains: Manual data reconciliation efforts were eliminated, saving time and resources.
     

  • Enhanced Risk Mitigation: The holistic portal enabled proactive risk management.
     

Conclusion
 

INTELCS successfully bridged the gap between fragmented systems and created a centralized risk intelligence hub for ECIB. The holistic counterparty risk portal empowered the bank to navigate risks more effectively.

Remember, digital transformation isn't just about technology - it's about transforming business outcomes through strategic solutions. ECIB's journey exemplifies the power of collaboration, innovation, and a holistic mindset.

About Intellectual Capital Services, Inc.
 

Intellectual Capital Services, Inc. (www.intelcs.com) is a leading digital transformation firm that helps organizations achieve their business objectives using technology. The firm has been delivering successful digital transformation solutions for Banking & Finance, Publishing, Media Agencies, Not-for-Profit, and Education sectors for over 20 years.

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