This is a time of great upheaval on Wall Street. Regulation is “the biggest factor shaping the future of the financial industry,” Financial News noted Tuesday. Dodd-Frank and Basel III will have firms on both sides of the Atlantic seeking more data granularity faster than ever.
|Advanced analytics tools allow sophisticated modeling and dynamic what-if scenarios.|
What’s more, financial services organizations will move their middle-office analytics to the front office, which is taking greater responsibility for managing risk. And they will use real-time assessments of profit and loss to make faster, better decisions.
What’s Your Position Right Now?
These are big changes that chief risk, information and technology officers will discuss at a risk management seminar next week in New York. “Know Your Position: An Exclusive SAP Capital Markets Event Featuring Celent” will also include financial services industry experts and conversations about key trends, such as preparing the front office of the future.
Knowing your position means trusting data to tell you where you are. On-demand reports and analytics driven by Big Data solutions help firms calculate their position based on a single version of the truth.
“To move the business to a forward-looking view, we realized we needed one version of the truth,” Filippo Passerini, P&G’s President of Global Business Services and CIO, told Forbes last month. “In the past, decision-makers spent time determining sources of the data or who had the most accurate data.”
If you aren’t confident in your risk data, SAP can help with banking solutions that enable users to:
- Enjoy a single version of the truth
- Perform more profitable trades with less risk
- Confidently present risk data to the board and regulators
Something for Everyone
SAP’s Falk Rieker and Sinan Baskan will be on hand Tuesday to discuss the latest market challenges and technology trends in capital markets. And Celent research analyst Medy Agami will unveil the findings of his latest report, talk about moving middle-office risk capabilities to the front office, and highlight the importance of accurate on-demand risk data.
“Know Your Position” will also address many of the pressing problems facing decision makers in the financial services industry.
CROs, heads of risk and compliance directors want complete confidence in their risk data, as well as total compliance with regulations, such as Dodd-Frank and Basel III. But years of stand-alone projects left firms with siloed solutions that collect risk data from a multitude of applications and other sources.
|SAP solutions allow users to share reports on desktops, tablets and mobile devices with complete drill down.|
Likewise, heads of trading, sales and front-office lines of business want confidence in their risk capabilities, and they need a cross-asset view. But their source data and analytics are spread across many stand-alone systems — and existing risk infrastructure is agonizingly slow.
But SAP solutions deploy easily, linking with core elements of existing risk architecture to provide an integrated, timely view of risk data. They empower a once-lethargic infrastructure with real-time analysis, which better supports a firm’s positions and enables faster decision making.
Users can drill-down to granular detail because SAP manages risk data every step of the way, from creation, aggregation and analysis through to display via engaging reports on desktops, tablets and mobile devices.
Be Sure of Your Position
To learn more, join SAP and Boston-based research and consulting firm Celent for “Know Your Position” on April 9 at The Yale Club of New York City from 3:30 p.m. to 7 p.m. Attendees will have opportunities to discuss challenges and solutions with their peers during an interactive panel discussion on risk with Celent, SAP and key industry partners, as well as at a network reception afterward.
SAP can help ensure that you always know your firm’s position.
Follow Derek on Twitter: @DKlobucher
“U.S. Banks Winning Transatlantic Dogfight” in Financial News
“SAP Know Your Position — Confidence in the new risk management landscape” in SAPforBanking