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Risk as a Service - The Next Thing in affordable Corporate Risk Management?
swing deals and/or virtual power plants, Adaptiv
offers the ability to pull in in-house model results, have
the user decompose the complex deals into simpler
structures, or through the use’ deals which represent
the deals as a set of sensitivities. Each approach has
its pros and cons and it is totally up to the customer
which way to go. However, the customer can benefit
by serving multiple locations and E/CTRMs with one
robust and scalable risk engine for all deal types, high-
A ComTechAdvisory Whitepaper
performance and scalability.
Adaptive also has in depth credit risk functionality and
credit analytics meaning that it can be the single engine
for market/price and credit risk while also offering
valuation, simulation and stress testing capabilities
in a single, centralized enterprise-wide service or
application.
RISK AS A SERVICE
Risk as a Service is more standardized industry
offering and could indeed be the ideal solution for a
large number of companies. By delivering it both as
an individual cloud installation with managed services
or as a standardized Risk as a Service, FIS helps
reduce infrastructure and IT costs while providing a
high-end solution. The FIS Risk as a Service approach
includes data management, cleansing and QA. It also
provides exception management, quantitative analysis
support for issues like result validation, drill-down and
investigation, as well as model calibration. In terms of the
range of risk functions that it can cover what if analysis,
risk attribution, risk analytics VaR, PFE, exposures,
Greeks, Sensitivities etc.) and risk monitoring.
Figure 1 Risk as a Service
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