Investment bank implements global end of day risk reporting
After increased pressures on the global banking industry post-2008, all banking organisations had to improve the way they manage investment risk.
This global investment bank provides wealth management, investment banking and asset management, and operates in over 50 countries. They needed to develop a sophisticated reporting mechanism for their end of-day risk reporting in order to better equip their risk officers with the information they needed.
Their overriding aim was to provide a centralised reporting dashboard that would act as the central source for all other related applications, and would provide tailored and personalised reporting.
The Hitachi Consulting solution enables the bank to:
- Develop scalable reporting – capable of handling over 2 billion records per day
- Increase its record handling capabilities at almost ten times the volume
- Monitor 260+ risk measures
- Create summary management reports that are available globally and by region for instant use by local MROs, traders and executives as required.