Challenge

According to The Basle Committee on Banking supervision (BCBS), banks must consistently demonstrate the maturity to carry out risk data management functions. BCBS 239 norms on risk knowledge aggregation and coverage need rigorous knowledge management mechanisms to confirm high-quality knowledge across multiple dimensions. However, lack of transparency and dependability limit the ability of banks to know the business impact of any changes to the information ecosystem.

Aelius Venture solution

Aelius Venture’ Integrated data Controls Framework, in accordance with the BCBS 239, helps financial corporations effectively implement, manage, and measure knowledge controls that are applied on risk knowledge stores.

We ensure optimum knowledge quality management through benchmarking, monitor knowledge exceptions and reconciliation problems, and supply reports supported key performance indicators of information controls.

By facilitating comprehensive read of knowledge quality and controls across a bank’s data landscape, we have a tendency to better perceive the weaknesses and strengths of organizational knowledge risks. This in turn allows us to view, analyze, and use knowledge points systematically, regardless of the underlying application.

Our framework’s dedicated modules facilitate banks institute comprehensive knowledge quality and governance for effective risk management.

Benefits

Comprehensive restrictive compliance

Prudent risk management

Better modification management

Streamlined knowledge governance