Aptivaa

Financial Institutions have started automating their routine tasks with the aim to eliminate inefficiencies. But generic automation platforms cannot handle higher order Analytical Processes that require deep-domain knowledge. Basel Capital Adequacy Ratio Computation by PlatformX is a comprehensive solution that provides Regulatory Capital Computation functionality and enables banks to meet with Capital Adequacy directives and regulatory reporting. It lets users interactively compute risk-weighted assets at the most granular level. Check out what PlatformX can do for you today! #BaselIV #IFRS9 #RiskManagement #Compliance #Banking #Automation #RegTech

Navigating IFRS 9 regulations can be overwhelming, given the comprehensive requirements covering the computation of Expected Credit Losses (ECL), Classification and Measurement of Financial Instruments, GL Reconciliation, and ECL accounting treatment. The complexity of these processes often demands meticulous attention to detail, making manual efforts prone to errors and inefficiencies. Platform X offers an all-in-one solution to simplify IFRS 9 compliance. With robust methodologies for ECL computation, forecasting, and stress testing, Platform X streamlines workflows and enhances accuracy. Its automated features enable seamless integration, reducing manual effort, improving data quality, and ensuring precise accounting treatment for ECL. Alok Tiwari, Sandip Mukherjee CFA, FRM, Vivek Gupta, Prateek Mohnot #IFRS9 #ECLComputation #FinancialInstruments #RiskManagement #Cognext

Third-party software can introduce significant security risks if not properly managed. Aptivaa's blog dives into how organizations can safeguard against potential vulnerabilities, focusing on risk management strategies and best practices for securing third-party integrations. To learn more about protecting your systems from third-party software risks, check out the full blog. Alok Tiwari, Sandip Mukherjee CFA, FRM, Vivek Gupta, Prateek Mohnot #ThirdParty #Aptivaa #Security

Have you been following the Women's T20 World Cup 2024? The final is coming up, and we want to hear from you! Who do you think will take home the trophy this year? 🏆 Vote in the poll below and let’s see who’s got the crowd backing them! 👇 #T20WorldCup #WomensCricket #WhoWillWin #CricketFever #SportsPoll

We’re excited to share that Cognext has officially expanded to Dubai! This is a major step forward in our mission to transform risk and regulatory analytics within the financial sector. With our AI-ML powered, low-code platform, we make regulatory compliance simpler and more efficient for banks and financial institutions worldwide. Expanding into Dubai reflects our ongoing commitment to delivering innovative solutions that help organizations navigate complex regulatory landscapes with confidence. Thank you for your trust and support. We look forward to achieving even greater things together in the UAE! Alok Tiwari, Sandip Mukherjee CFA, FRM, Vivek Gupta, Prateek Mohnot #Cognext #DubaiExpansion #RegTech #RiskManagement #ComplianceTransformation #AI

In recent years, key developments in regulations such as Basel III counterparts, IFRS 9, and IRFS have introduced an analytical layer that overlaps with existing stress testing frameworks. This integration has led banks to adopt a more comprehensive approach by aligning stress testing with various risk models. However, adopting an integrated stress testing approach poses challenges. Risk models and data are often dispersed across multiple platforms, and analytical frameworks are managed by separate teams. To effectively manage this, banks must regularly review and update their data models, governance structures, and tools, ensuring alignment with Pillar 2 guidelines and strengthening their resilience in today’s complex financial landscape. Read along to know how they can do it 👇 Alok Tiwari Sandip Mukherjee CFA, FRM Vivek Gupta Prateek Mohnot #RiskManagement #StressTesting #BaselIII #BankingRegulations #FinancialResilience

Stress testing has become an integral part of evaluating the financial resilience of banks under severe yet plausible scenarios. Initially developed to assess a bank’s capital and liquidity needs, it now plays a crucial role in the formulation of contingency plans, risk mitigation strategies, and the setting of pricing and risk appetite thresholds. The outputs of stress testing help management to make informed decisions in these critical areas. Over time, stress testing frameworks have undergone significant advancements across various jurisdictions. Key developments include the greater use of analytical models, the incorporation of scenario analysis, the adoption of reverse stress testing, stronger governance structures, and a more direct linkage between capital planning and dividend policies. Regulatory bodies have also made significant strides in standardizing stress testing methodologies. Once an annual exercise, stress testing has evolved into a more frequent practice, with many institutions now conducting it on a semi-annual or even quarterly basis. This shift reflects the growing recognition of stress testing as an essential element in maintaining financial stability and enhancing risk management practices. #RiskManagement #StressTesting #BankingEvolution #FinancialStability #Aptivaa

This Dussehra, let's take a moment to reflect on the timeless message of good triumphing over evil. Whether it’s conquering personal challenges or overcoming obstacles in our professional journeys, the spirit of Dussehra reminds us that perseverance and integrity lead to success. May this festival inspire us to defeat negativity and move forward with positivity, strength, and resilience. We wish you all a very happy Dussehra! #HappyDussehra #VictoryOfGood #FestivalOfTriumph #Aptivaa

This Mental Health Day, take a moment to pause, breathe, and reconnect with yourself. In the hustle of life, it's easy to forget the importance of self-care. Your mental well-being matters, so give yourself the time to rest and recharge. 👇 #WorldMentalHealthDay #TakeABreath #MentalWellbeing #StayHealthy

High-order analytical processes in banks and financial institutions are still largely manual because automating them can be very expensive. This makes it highly inefficient although routine tasks are being automated by banks and FIs leading to an increase in operational costs and affecting quality and scalability. Model Risk Management (MRM) module by Platform X manages the entire Model lifecycle from model inventory, model validation, model monitoring, and generation of automated Model Documentation for regulatory & audit compliance. Read along to learn more! Alok Tiwari, Sandip Mukherjee CFA, FRM, Vivek Gupta, Prateek Mohnot #RiskManagement #Banking #Compliance #IFRS9 #MRM #ModelRiskManagement