Business-Ready Performance Management Solutions
Risk management
Sky Solutions provides a Risk Management Business-Ready Solution for small and mid-tier banks that addresses all of the major credit risk areas with pre-build Dashboard, Scorecard, reports, and analyses:
- Credit Risk
- Interest Rate Risk
- Liquidity Risk
- Strategic Risk
- Compliance Risk
- Operational Risk
- Reputation Risk
Click here (hyperlink to next page in ) to see Sky’s Credit Risk Business-Ready Solution. In addition to the business-ready solution, Sky Solutions also provides custom Business Intelligence services that allow banks to:
- Monitor risk levels with scorecards, dashboards, and reports
- Receive alerts – such as email alerts - when Key Risk Indicators exceed pre-defined thresholds
- Analyze risks by customer or counterparty, geography, credit rating, lending officer, transaction type, and multiple others to discern underlying risk trends
- Distribute risk reports from a central risk group to disperse risk managers
- Combine data from multiple data sources, allowing a comprehensive view of all risks
“In the past, companies managed risks by “silos,” in which different types of risk – business, credit, market, operational – were managed by different organizational units. Over time, risk management professionals recognized that risks, by their nature, are highly interdependent. This recognition has led to the development and implementation of integrated approaches to measuring and managing risks across the enterprise, also known as enterprise risk management or ERM.” (James Lam, Best Practices in Developing Key Risk Indicators and ERM Reporting, June 2005)
