Digital decision making
As we continue to deal with the global pandemic counterparty risks are increasing, and businesses need to understand the complex relationships between macro events and the impact of credit risk on trading portfolios combined with understanding additional risks to industry sectors, country limits, and trading portfolios in general.
New specialized credit risk solutions need to go beyond after the event decision support and provide proactive, intuitive, targeted, and specific real time-critical data to those users that need to be informed as it happens.
This has been fundamental in the design of Brady’s next generation credit risk (www.bradyplc.com/credit-risk)and alerting solution. This gives users an intelligent alerting solution that provides real-time insight, sending automated warnings for increased or unusual risk profiles and patterns.
“But is real-time alerting and full portfolio visibility enough? Can credit risk platforms do more to support businesses in mitigating risk faster?” asks Brady plc. “At Brady, we believe we can go further, by connecting our credit risk platform to a multitude of sources of counterparty related data in real-time. Complex data relationships can be monitored and when alerts are triggered, pre-defined alert analysis can be presented to the user without manual intervention or effort.”
“Additionally, imagine defining specific alerts and stipulating where the data analysis should be automatically loaded. Not being bound to a single system but sharing data across multiple systems to create intelligent workflows shared with your teams.”
“A simple process such as releasing goods can be effortless,” explains Brady. “Imagine sending an automated notification directly to a scheduling system as soon as a letter of credit is received. The release of physical goods to your counterparties could be actioned without any manual intervention. This digital transformation will remove archaic processes, make competitive trading companies nimbler, and give teams the tools to manage risk proactively. Ultimately enabling businesses to better protect profit margins.”