Risk & Financial Systems Transformation

Challenges

In today’s financial landscape, institutions face a complexity challenge. Regulatory frameworks are becoming ever more intricate, while the pace of technological innovation demands rapid adaptation. Market volatility adds another layer of unpredictability, complicating decision-making processes. This complexity challenge is further compounded by the limitations of traditional tools like Excel, which, despite their utility, are not suited for the complexity of integrating solutions. This, coupled with disjointed modeling systems, leaves institutions struggling with the demand for precise and timely financial and risk analyses.

Risks

This perfect storm signals a clear need for a strategic overhaul, pivoting towards integrated technology solutions that bridge the gap between finance and IT. Many financial institutions are burdened by disconnected systems and outdated processes, which not only constrain operational efficiency but also inhibit strategic agility. Left unchecked, these issues threaten to erode the competitive edge of institutions, potentially leading to significant financial and regulatory repercussions.

Solution – Systems, processes and data

At Probability & Partners, we go beyond offering mere solutions. We deeply understand the unique challenges at the intersection of finance and IT, crafting solutions that transform these challenges into your strategic assets. By bridging the gap between IT and finance, we offer integrated technology solutions designed to streamline your operations, enhance decision-making capabilities, and seamlessly merge IT with financial and risk management processes. As financial domain experts fluent in code, we ensure your transition from traditional tools to advanced financial technologies is seamless, secure, and fully regulatory compliant. We turn your computational obstacles and siloed data into opportunities for innovation and growth.

Our Approach

Probability & Partners is dedicated to bridging the gap between finance and IT through strategic, integrated solutions. Our approach combines industry-leading practices with a deep understanding of your business and the unique obstacles you face to deliver:

Code Translation: We facilitate the transition of your systems from legacy tools to state-of-the-art solutions that adhere to industry standards and embrace cutting-edge technologies. Our focus is on creating systems that are not only easy to maintain, update, and scale but also future-proof.
Bespoke Financial and Risk Software Solutions: Tailored applications are crafted to meet your specific operational needs, enhancing productivity and ensuring regulatory compliance. Through close collaboration with your team, we ensure these solutions reflect your business’s unique requirements and growth ambitions.
Advanced Data Analytics and Decision Support: By transforming data into intelligence, our advanced analytics and visualization tools empower you with actionable insights. This enables more informed decision-making, leveraging the power of your data to its fullest potential.
Streamlined Processes through Automation: We revolutionize your workflows from the front office to the back, automating processes to reduce manual errors and increase efficiency. This frees your team to focus on strategic initiatives and value-added activities.
Holistic System Integration: Our expertise in integrating diverse systems and technologies ensures a seamless, efficient infrastructure. By breaking down silos, we foster an environment of agile decision-making and enhanced operational agility, inviting you to envision a more interconnected and efficient ecosystem.

Our methodology is underpinned by a commitment to scalability and maintainability, guaranteeing that our solutions not only meet your needs today but are agile enough to adapt to tomorrow’s challenges. This collaborative journey towards integrating cutting-edge technology solutions into your business operations is designed to catalyze growth and resilience.

Business Cases

Risk Process Redevelopment (Asset Management)

Business Challenge

Disjointed processes across trading & back office portfolio management
Outdated data management
Technical expertise gap
Manual operations
Reporting and communication barriers

Solution Delivered

Comprehensive redevelopment of risk and data processes
Collaborative stakeholder engagement
Standardized reporting module
Streamlined data streams
Focus on system attributes

Impact Created

Operational efficiency
Data quality and accuracy
Timely reporting
Solution customization
Client satisfaction

Legacy System Modernization (Banking)

Business Challenge

Legacy System Limitations: MATLAB-based hedge accounting system.
Documentation Gaps
Knowledge Loss
Increased Business Risks
Hedge Effectiveness Impaired

Solution Delivered

System redevelopment using Python
Governance framework
Knowledge transfer
Modular code development
IT infrastructure integration

Impact Created

Secure operations
Documentation creation
Prototype approval
Modernization of hedge accounting system
Seamless integration

Credit Engine Development (Mortgage Provider)

Business Challenge

Manual processes: The client faced manual and inefficient workflows in origination, risk calculation, reporting, and monitoring
Communication breakdown between IT and the risk department
Technical knowledge gap

Solution Delivered

Java-based credit engine
Integration and modularity
Knowledge transfer
Staff training
Prototype development
Standardized reporting modules

Impact Created

Operational efficiency
Origination accuracy
Advanced risk calculation
Enhanced screening
System stability and integration
Empowered risk department
Innovation and customization

Partnering with Probability & Partners

Partnering with Probability & Partners means choosing a future where technology is not just an enabler but a driver of success. It’s about redesigning the architecture of your modeling landscape and systems, creating a cohesive ecosystem that propels your institution ahead of the curve. Contact us for a consultation, and together, we’ll transform your technological infrastructure into a dynamic, integrated system that drives your operations to excellence.

Partnering with Probability & Partners

Kevin Rojer

Quantitative Consultant

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Pim Poppe

Managing Partner

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Insights

September 16, 2024

Risk & Financial Systems Transformation

Challenges

Risks

Solution – Systems, processes and data

Our Approach

Business Cases

Business Challenge

Solution Delivered

Impact Created

Business Challenge

Solution Delivered

Impact Created

Business Challenge

Solution Delivered

Impact Created

Partnering with Probability & Partners

Partnering with Probability & Partners

Kevin Rojer

Pim Poppe

Insights

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Introducing PALM: AI-Powered Risk Management

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Pim Poppe & Kevin Rojer: Balancing the risks and opportunities of AI

Maurits van den Oever: DORA, the final (cybersecurity) frontier

EBA Roadmap on EU Banking Package

Webinar: WTP Sleutelfunctiehouder Risicobeheer

Amba Zeggen: DORA is chefsache

EU AI Act published

Visiting Address

Postal address

Information

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