RISC Solutions

Our solutions automate complex business processes such as risk management assessments, regulatory- and management reporting and preparation of financial disclosures. Main goals of our process automation solutions are to eliminate manual data collection, calculations and data allocations to create room for business analysis.

In addition, our solutions provide transparent and auditable process flow, calculation and reporting mechanics while ensuring your compliance.

ICE

ICE (IFRS Calculation Engine) is a proprietary application of RISC that enables the standard collection of financial and macro-economic data that enables the calculation of the Expected Credit Loss (ECL) over the total Loan Portfolio (Loans, Overdrafts and Credit Cards) of Financial Institutions in accordance with the International Financial Reporting Standards, Financial Instruments (IFRS 9) Guidelines. The main features of ICE are illustrated below:

Despite of the complexities of the IFRS 9 guidelines, ICE is developed with accessibility and simplicity in mind. After a few configuration and data preparation steps, the user is:

Enabled to collect and validate financial and macro-economic data,
Calculate the Expected Credit Loss (ECL)
Presented with the ECL details for analysis and reporting purposes.

ICE Scenario Builder

ICE Scenario Builder is an ICE add-on that enables the user to adapt the macro-economic data parameter, e.g., GDP, to simulate different macro-economic scenarios and their impact on your Expected Credit Loss (ECL).

ICE Scenario Builder was also developed with user-friendliness and simplicity in mind and enables the user to easily simulate different macro-economic scenarios and find out its effect on the on e.g. loan portfolio.

CAP

CAP (Credit Application Provisioning) is a proprietary application of RISC that enables the standard collection of credit application and macro-economic data that enables the calculation of the Expected Credit Loss (ECL) in accordance with the International Financial Reporting Standards, Financial Instruments (IFRS 9) Guidelines.

CAP’s main objective is to identify your Expected Credit Loss (ECL) prior to granting a credit. That enables the Financial Institution to:

Improve its first line of defense in a credit granting process.
Make the necessary credit pricing adjustment in accordance with the identified credit The main features of CAP are illustrated below:

CAP can be used as a stand-alone application, as well as an ICE add-on. In case of the later, CAP will extract client specific, as well as generic PD, LGD, EAD and FLI data from ICE to determine the expected Credit Loss (ECL) for a credit.

Our Clients and stakeholders:

Korpodeko relies on RISC's IFRS Calculation Engine (ICE) to determine our Expected Credit Losses (ECL) as well as manage our credit risk portfolio. Next to that, we can always count on their banking, risk management and BI knowledge in case we need support.

Korpodeko

Gerald Stacie

Financial Director

RISC provided MCB with valuable advice, guidance and support with the Implementation of IFRS 9 in 2017 -2018. We still rely on their expertise and business intelligence skills for analysis and preparation of our annual reports.

MCB

Lionel de Cuba

Chief Financial Officer

IFRS 9 brought new challenges to our organisation by shifting our receivable provisioning standards from an incurred - to a forward looking model. RISC showed a great knowledge of the new guidelines and provided unvaluable support throughout the implementation.

MCIS

Hubert Bentura

Finance Manager

At Vidanova Bank, we rely on “RISC’s team of Banking, Risk Management and Business Analysis experts, for advice and support regarding our IFRS9 data modeling, ECL -calculation, -calibration, -analysis and automation process. This provides us with the necessary risk-management oversight and control over our portfolio.

Vida Nova Bank

Nadetta Pablo

Financial Controller/ AMD