Risk and Finance Architectures: State-of-the-Art Analytical Applications in the Financial Services Industry
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Overview: As discussed in this white paper, one of the core ideas behind a financial institution's analytical transformation effort is its ability to understand, analyze, and report on various types of risk in an integrated manner. It is a known fact that business models are beset with risks that include credit risks (the risk of counterparties to make good on contracts resulting from a financial transaction), market risks (the risk posed to the business by the external business and economic environment), risks to a firm's reputation, and operational risks, including the effectiveness of internal financial and technology controls.
In this paper, we also describe the key business drivers, challenges and opportunities, and areas of focus for improving the analytical orientation of financial services professionals in order to achieve top performance.