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A-Team Insight Blogs

GoldenSource RiskHub to Help Financial Firms Achieve a Holistic View of Market, Credit, Liquidity and Counterparty Risk

GoldenSource, a provider of data management solutions for risk mitigation, today announced RiskHub, a suite of products to help risk professionals implement highly automated, timely and cost effective risk management strategies. With firms pushed to increase transparency of their risk and data governance and meet more stringent regulatory requirements, GoldenSource RiskHub provides a flexible and highly controllable framework for linking risk applications and the internal and external systems that supply them with data.

“New regulatory directives such as Basel III and Solvency II increase the demands on current risk and data management practices, and firms can no longer afford to have an incomplete picture of risk across business lines,” says Mike Meriton, CEO of GoldenSource. “Companies must look at the foundation of their risk governance and integrate all risk-relevant data to stand up to a higher level of scrutiny, achieving the transparency into positions and transactions, customers and counterparties that investors and regulators demand.”

Optimised to work with existing risk management systems, RiskHub can cover all major types of risk and asset classes. It allows event-driven synchronisation of information between systems for reporting and corporate governance requirements, managing inputs for risk calculations, and evaluation of risk exposure.

“While growth in the sophistication of analytics has been a boon to risk management techniques the bigger issue is getting the right data at the right time and on a consistent basis,” says Rodney Nelsestuen, senior research director, TowerGroup. “This is where the value of a framework, or architectural approach, to the orchestration of internal and external data, in concert with analytics, can deliver a true firm-wide understanding of risk.”

GoldenSource RiskHub maps information from any internal or external source in a consistent manner to the format required by risk applications. It centralises and maintains accurate and auditable data in a risk-optimised information warehouse. Risk and compliance officers have direct access to market, counterparty, position and reference data from a single, standardised repository across all product and risk classes, without issues associated with silo based reporting by providing front to back transparency within a firm.

Using its built-in visual data mapping tools, RiskHub can be configured for use with market-leading risk applications, and includes expert customisation services to meet the needs of clients’ integration requirements. An optional add-on to RiskHub, RiskMonitor provides an additional layer of data visualisation and business intelligence. Providing a user friendly front end RiskMonitor enables firms to take advantage of both preconfigured views of data, and to develop firm specific views as required.

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