Financial Services

Risk management is a core competence for banks and insurance companies which seek to profit from taking risk as well as managing risk.

STREAM provides an integrated risk management and compliance solution for the financial services sector which will support and overlay core regulatory risk management systems.

With STREAM you can:

• reduce your costs of complying with, and reporting on, legal, regulatory, and policy requirements and standards
• reduce the risk of incidents, saving costs associated with incident response, direct losses and reputational damage
• provide assurance and evidence of good governance and risk management
• manage risks and empower better management decision making.

STREAM will support individual risk and compliance applications (information security, business continuity, operational risk etc.) or provide a holistic multi-application Enterprise Risk Management (ERM) solution.

Compliance Management for the Financial Services Sector
Monitor and report on compliance with financial sector standards, e.g: Sarbanes Oxley, Basel II, Solvency II as well as national / international standards and clients’ own internal standards.

Risk Management for the Financial Services Sector
Monitor the real-time risk status of all risks that need to be controlled (e.g. operational, business and strategic risks) and provide input to regulatory risk management systems. View summary–level management information on Enterprise–wide risk and compliance status via management dashboards and graphical reports.

Log corporate risks, including potential ‘black swans’, onto risk registers, identify mitigating controls or actions and track risk status in relation to risk appetite.

With a focus on measuring ‘residual risk’ in relation to ‘risk appetite’, STREAM provides automation for risk management processes in accordance with all modern standards, including BS 31100.