Financial institutions need intelligent risk management strategies to meet regulatory requirements, as well as to ensure their own security. The regulations within the New Basel Capital Accord (Basel III) are driving financial institutions to determine portfolio risk segments, operational risk levels and the associated required capital allocation. The reporting and disclosure requirements of the Sarbanes-Oxley Act have prompted financial institutions to conduct extensive risk assessments of both internal and external factors.
International Financial Reporting Standards (IFRS) require improved information on financial instruments in financial statements. Basel III is forcing financial services companies to adopt sophisticated methods for determining risk-adjusted capital, and the Sarbanes-Oxley Act of 2002 calls for accelerated financial reporting and more rigorous disclosures and certifications.
Element’s business and data analytics solution consolidates, analyzes and reports on financial and other enterprise information. It allows companies to categorize risk and improve internal controls. Through our analytics approach we facilitate frequent review of data integration and reporting to ensure interpretation of accurate data. We empower users to conduct flexible-interactive analysis, ad-hoc queries and gain access to sensitive data to enable necessary analysis.
Element provides enterprises with the confidence to address changing regulatory requirements by enabling increased standardization and auditing of the reporting process. With increased standardization, enterprises can ensure well-defined data standards and ensure data quality and accuracy along with driving short- and long-term strategies.
We deliver comprehensive solutions for:
- Regulatory risk management
- Stress testing
- Credit risk management
- Model risk management
- Expected credit loss (IFRS 9/CECL)
We design and build Credit Risk and Compliance solution for Financial Services companies to enable them to perform:
- Financial Ratio Analysis
- Asset Liability Management
- Credit Analysis
- Profitability Analysis
- Risk Modeling
- Counterparty Credit Risk Analysis
- Statutory Reporting