The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Put Aside Preconceptions About Technology and Realise Data Aggregation for Risk Analysis Across Silos, Says Sybase’s Williams

In order to be able to fully realise the benefits of the risk analytics technology on the market firms must first put aside their preconceptions about what this technology is capable of, said Adrian Williams, business development director of Sybase, in his keynote speech to the delegates to A-Team Insight Exchange in London this morning. Technology such as that offered by Sybase itself can help firms to overcome the many infrastructure challenges posed by fragmented system architectures without the need to rip and replace, he explained.

Williams elaborated on the numerous regulatory and internal infrastructure challenges that exist in the current market, including pulling information from disparate sources across an organisation. “There can also be many different political owners of that data that may be unwilling to cooperate with each other,” he explained.

He referred to a Global Association of Risk Professionals (GARP) survey conducted earlier this year that highlights some of the main challenges in the risk analysis endeavour. One of the main findings was that firms are facing an “end of day” challenge with regards to receiving relevant risk data, where information is delayed due to the limitations of current systems architecture. However, there is business pressure on firms to conduct risk analysis on an on demand basis or in real time and this is posing a serious problem for those at the coal face.

In order to circumvent this problem, Williams contended that firms should use their finite resources in order to “meet the pressure of now” by investing in technology that is able to bring together fragmented data sets from across the business. “This technology must also be able to deal with the different data formats employed within these systems and increase the speed of delivery of this data,” he added.

He highlighted Sybase’s own technology offering as a potential solution with its ability to harness both real-time and historical data from across a firm’s source systems in order to feed into its risk analytics engine. “This information can then be made relevant to the business by putting the data into context and driving down costs, as well as allowing firms to more efficiently manage their capital,” he explained.

The Sybase solution therefore sits as a layer of technology to intercept this data and take advantage of existing infrastructure and data streams, thus allowing firms to do risk analysis “in flight”. To this end, the vendor is also working with key technology partners, including fellow keynote presenter Panopticon, to allow firms to achieve immediate risk control benefits, concluded Williams.

Related content

WEBINAR

Recorded Webinar: FATCA – The time to act is now

This webinar has passed, but you can view the recording here. The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year, but with the exception of a few modifications the legislation...

BLOG

Blackmore Capital’s Collaboration with OTCfin Completes Integration of ESG Factors into Investment Process

Blackmore Capital, a Melbourne-based asset manager set up in 2018, and New York-based OTCfin have completed the integration of ESG factors with financial data for all Blackmore portfolios. By incorporating ESG factors into Blackmore’s investment process, OTCfin’s risk and regulatory reporting solution will help the asset manager’s team improve portfolio monitoring from both a financial...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

FRTB Special Report

FRTB is one of the most sweeping and transformative pieces of regulation to hit the financial markets in the last two decades. With the deadline confirmed as January 2022, this Special Report provides a detailed insight into exactly what the data requirements are for FRTB in its latest (and final) incarnation, and explores what needs to be done in order to meet these needs on a cost-effective and company-wide basis.