NICE Actimize is the largest and broadest provider of financial crime, risk and compliance solutions for regional and global financial institutions, as well as government regulators. Consistently ranked as number one in the space, NICE Actimize experts apply innovative technology to protect institutions and safeguard consumers and investors assets by identifying financial crime, preventing fraud and providing regulatory compliance. The company provides real-time, cross-channel fraud prevention, anti-money laundering detection, and trading surveillance solutions that address such concerns as payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence and insider trading. Find us at www.niceactimize.com, @NICE_Actimize or Nasdaq:NICE.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters risk management solutions help to ensure strong operational, as well as enterprise risk management and programs with the alignment of culture and business strategy. Discover more at: risk.tr.com/connected-risk
The first tool designed for operational risk scenario quantification.
MSTAR is based on an analytic decomposition of an expert risk assessment; typically a classical Frequency and Severity rating, into a structured graphical model. Users can use MSTAR’s intuitive functionality to share and collaboratively improve the model design. The completed models are then quantified combining internal or external data as well as expert judgment.
• MSTAR drives improved risk management behavior, because it :
- Elicits a deep understanding of the risk and related drivers,
- Entails a clear formalization of how these drivers influence the risk level
- Enhances transparency of assessment process and facilitates review and challenge
• MSTAR helps all stakeholders understand the process, as they all contribute to the model design and quantification - MSTAR models are the opposite of black boxes.
• MSTAR increases the chances that the regulator agrees that it is fit for purpose, since it allows a capital calculation which is in line with the business and risk profile of the company.
MSTAR is used for regulatory capital and operational risk stress-testing frameworks.
MSTAR is in use within internal models approved by regulators: ACPR & PRA.
Founded in 2011, BitSight transforms how organisations manage vendor and cyber risk as well as supply chain vulnerabilities. Enabling organisations to manage third and fourth party risk, underwrite cyber insurance policies, benchmark performance, conduct M&A due diligence and assess aggregate risk. The BitSight Security Ratings platform helps organisations to gain an objective understanding of risk as it pertains to vendors in the supply chain. With over 1,000 customers and the largest ecosystem of users and information, BitSight is the most widely used Vendor Risk Management service. For more information, please visit www.bitsighttech.com, read our blog or follow @BitSight on Twitter.
ABOUT NASDAQ BWISE
Nasdaq BWise is a global GRC technology leader. We help organizations, both big and small, around the globe, embed, sustain, and streamline their GRC and integrated risk management activities. The BWise software application is the cornerstone of Nasdaq's GRC technology portfolio. It offers a wide range of leading GRC functional capabilities for risk management, internal audit, internal control, information security and regulatory compliance. Having implemented some of the largest GRC projects in various industries around the globe means that Nasdaq BWise will truly be able to leverage its global resources to ensure a successful implementation by bringing a blend of technical and industry experience, a mature project governance methodology, and a dedication to effectively and efficiently transfer knowledge for long-term success. BWise is recognized by independent analysts as a leader in GRC software and won awards for best product as well as best vendor in the industry. For more information about our solutions and services, please visit www.bwise.com.
Nasdaq is recognized around the globe as a diversified worldwide technology, trading and information services provider to the capital markets, with more than 3,500 colleagues serving businesses and investors from over 50 offices in 26 countries across six continents - and in every capital market. http://business.nasdaq.com
Nasdaq BWise has sales, service and support offices worldwide. To contact us at our local offices in Asia, Australia, Europe and the United States, visit www.bwise.com/offices. Email: firstname.lastname@example.org
MetricStream is the market leader in integrated governance, risk and compliance (GRC) and operational risk management solutions for banks and financial services organisations. MetricStream GRC solutions are used by leading retail banks, commercial banks, asset managers, investment banks, stock exchanges, federal agencies and financial institutions for automating and streamlining risk, compliance, policy and auditing programmes across the enterprises. The MetricStream solution includes integrated functionality for documenting risks, defining controls, managing assessments, identifying issues and implementing remediation plans that are based on industry-specific standard frameworks, best-practice workflows, powerful analytics and embedded risk control libraries. The solution provides a multidimensional approach for managing risk through advanced risk and control assessments, real-time risk intelligence metrics, a centralised loss database, and integrated issue tracking supported by built-in risk analytics and reporting functionality. The MetricStream operational risk management solution is based on the industry-leading enterprise GRC platform that has been categorised in the leadership quadrant by leading independent industry analysts.
The Shared Assessments Program is the trusted source for best practices, solutions and tools in third party risk management with the mission of creating an environment of assurance for outsourcers and their vendors.
At BCS Consulting we only work with clients across fi nancial services. Our portfolio includes a varied range of multinational and UK banks, smaller banks, insurance firms and payment and card companies. Across our 140+ strong team of permanent consultants, we have deep domain knowledge in Capital Markets, Retail and Corporate Banking, Risk and Finance.