Enterprise-wide surveillance and early-warning capability is provided for in this module. It features flexible aggregation of all identified key risk, control and performance indicators and a dynamic reporting structure.

Operational risk exists in various forms in the different areas of the firm. Because the information related to operational risk is often subjective, incomplete, incorrect or not reliable, the module KRI uses an intelligent system technology based on fuzzy logic. This technology was developed by RCS for this such conditions.

Features

• Define company-wide and specific indicators
• Set ranges and critical values
• Calculate moving averages for indicators
• Define aggregation logic using Fuzzy Logic or artithmetic formulas
• Simulate and test aggregation logic
• Aggregate indicators with different observation frequencies
• Transform the data to a daily observation frequency
• Manage aggregation logic
• Workflow support
• Audit trail
• Define graphic reports of risk aggregation and drill-down
• Manual data entry with confirmation workflow
• Automatic data entry using XML standards