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Risk as a Service - The Next Thing in affordable Corporate Risk Management?
A ComTechAdvisory Whitepaper
MANAGED SERVICES FOR CORPORATE
RISK
A key aspect of risk as a service is the managed services provision that is more than simple
hosting and requires a provider with an infrastructure and experience in providing such managed
services. Proven managed services vendors provide for the management of everything from the
data center to the business process providing clients with benefits such as a lower and more
predictable total cost of ownership, the ability to focus on the core business and increased
agility, for example.
A proven and trusted provider of managed services
already has the infrastructure, security, internal
processes and service level agreements in place in
a tried and tested format and already provides such
services at high levels of trust and security. It will also
have the skills in house not just to manage IT services
like back-up and recovery or testing services but to
provide specific application and functional expertise
as well. To properly provide managed services
requires either a large vendor who has developed the
infrastructure and services already or a partnership by
the vendor with a provider of managed services.
FIS’ CORPORATE RISK CAPABILITY
One vendor that has extensive experience providing managed services into the banking and
other sectors, including commodities, is FIS.
It is able to provide all aspects of a managed service at
multiple levels according to service level agreements
with a guarantee of financial sector security levels.
It also has commodities sector and other asset class
expertise and a high-end risk application in the form
of Adaptiv. This allows FIS to leverage its managed
services experience to save costs for clients while
delivering complex risk calculations via a service-based
architecture (Figure 1).
FIS provides cloud-based solutions on public and so-
called hybrid cloud, where FIS sets it own monitoring
and security tools on the top of public cloud. These
tools allow more efficient and automated monitoring
of all the processes and provide top security level to
protect from cyber-attacks.
Adaptiv supports physical energy deals, energy
options, transportation contracts, forward curves and
complex price formulae out of the box as well as a host
of valuation methods. Where the client uses complex
deal valuation approaches for things like gas storage,
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