The Product
Riskalculator is an integrated, flexible, modular Basel II and Basel III Regulatory Capital calculator. It operates on a single platform with a single underlying data model, insulated from a bank's information architecture. It adopts a lightly normalised but subject-oriented data
modeling approach to create a 360 degree view of bank's risk profile. It creates risk regulatory reports as per national regulator's format. There are also various MIS reports based on risk computations. Apart from having a regulatory capital computation engine, Riskalculator has modules for ALM and other regulatory compliance reporting engine.
The Challenge
Banks are looking for an Integrated Basel II / Basel III solution that directly interfaces with transactional databases and generates Basel II Regulatory and MIS Reports seamlessly. The challenge that a Bank faces in implementing a Basel II and Basel III solution is data. The credit data may be available in the Core Banking System (CBS), treasury data may be available in the Treasury system and the data on collateral may again be on another system. But calculation of Regulatory Capital requires integration of all the data to generate various Regulatory and MIS reports for Regulatory Authorities and for Management.
Solution
Riskalculator accepts Data from Core banking and other applications which a bank can put into a designated area, called staging area, from where our application picks up data without any manual intervention in a batch mode. We have a fixed data format through which a bank generates data from its CBS and provides the same to the application in different ways like database views, text files etc. The application allows a bank to meet all the standards prescribed in the Basel II (including Pillar 1, Pillar 2 and Pillar 3) and Basel III accords.
Features
Integrated Basel II and III Solution
That supports complete Pillar 1 & Pillar 2 calculations and Pillar 3 reporting
Web Based Solution
For centralised hosting and easy access to all users
Audit Trail
For complete Regulatory and Management review
Data Enrichment
A dashboard like user interface that allows users to provide data items that are missing from bank's production systems with maker-checker facility
Staging Area for Data Transformation and Loading
The system accepts data from Core Banking System and any other banking application directly through a generic format but customised to handle bank-specific data definitions
Risk Dashboard and Reporting
With in-built Regulatory and Management Reports in graphical formats with drill down facility to provide a macro view that can be customised as per client requirements
Access Control
To provide access to modules depending on the authorisation granted to each user
Modular and parametric
To easily accommodate the Regulatory and Business Environment changes
FAQs
Riskalculator can serve banks in many ways:
- Meet regulatory requirements for risk capital computation
- Helps a banks to conduct ICAAP process
- Lower Operating Cost
Riskalculator uses the following information security standards for maintaining high level of security and confidentiality of data
- User management is based on user role-rights For e.g. Role called Maker have an access to GUI Forms functionality. Similarly, Checker has an access to Approval of GUI Forms functionality.
- Maker / Checker functionality helps to authenticate transactions For e.g. role called Maker of the Bank can submit data for verification to Checker, how can review / authenticate the data.
- Audit Trail reports are available to verify and track any previous transactions For e.g. admin user can verify the login history with IP address of users through Audit Trail Report functionality.
- Password Management with encryption to authenticate the users For e.g. User cannot see the password during the login and also the password saved in the database is in encrypted format.
- User-friendly interface for ease of the end-user For e.g. user can log onto the Riskalculator application with the same login credential of his organisation. No need to maintain different login credentials for different activities/applications.
- Maker / Checker functionality helps to authenticate transactions For e.g. the help file is provided on all the menus, also tool tips are provided for formulas for easy reference of the end-users.
