KRM22, a technology and software investment firm with a focus on risk management in capital markets, today announced the launch of the Enterprise Risk Cockpit, a real-time enterprise risk management application for capital markets firms.
The Enterprise Risk Cockpit is designed to improve data accuracy and steer clients away from cumbersome spreadsheets towards a more tech-focused approach.
Enterprise risk management typically requires high manual processing, making it challenging for firms to obtain a clear real-time view of events and their impact. By automating these time-consuming activities, financial institutions can gain actionable insights on risk, allowing them to make better informed decisions.
Andrew Smart, Head of Enterprise Risk Management at KRM22, comments: “The Risk Cockpit will enable firms to identify the most strategically important risks and risk scenarios, and to manage those in real-time, generating insights for risk-based decision making. Unlike spreadsheet-based risk registers, the Risk Cockpit is designed to be data- and event-driven, with modern user experience and powerful analytics capabilities designed to support decision making across all lines of defense.”
The launch also marks an important milestone for KRM22, as it is the first of its applications which will be delivered through the firm’s Global Risk Platform.
Check into RTI tomorrow for an exclusive interview with KRM22 CEO Keith Todd to discuss why risk management is so vital for firms in today’s uncertain financial markets.