Azertia

AZERTIA USA

...An Indra Company

 

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Banking & Finance

AZERTIA USA provides selected banking and financial products to clients in North America. Azertia's parent company Indra Systems has a long history of product and service development in the banking and financial sector worldwide.

Operational Risk Database
Developed by Indra and RiskLab, OpVision is an advanced multi-entity tool with distinct user profiles and the capability to manage diverse databases for the calculation and analysis of the Economic Capital for Operational Risk. The New Basel Accord (Basel II) asserts that by 2008, 14% to 15% of their gross income will need to be reserved as regulatory capital unless these entities turn to more advanced models. In the medium term, the use of advanced models will permit the reduction of these rates to less than 10%. OpVision is the necessary tool for a more effective management of Economic Capital.

 

Features:

OpVision combines three characteristics that set it apart from other solutions:

 Knowledge: OpVision is an innovate solution for the analysis and management of operational risk that merges advanced statistics with the state of the art numerical computing and software engineering.

 Technology. OpVision is a J2EE compatible multiplatform application, designed to be easily integrated in diverse technological environments, customized to client needs, and continuously enhanced through the managed release of new versions.

 Support and Evolution: Committed  to long term hands-on support.

OpVision  Components:

 Data Analysis: Visualization and statistical analysis of operational risk losses.

 Modeling: OpVision adopts the Loss Distribution Approach using historical data  to estimate the severity and frequency distributions for each business line/type risk matrix.

 Capital Calculation: OpVision promotes the intelligent exploitation  of operational loss data, including  external databases, allowing an institution to evolve from the basic to the most advanced models as it data becomes more comprehensive and insightful.

 Computational Tools: OpVision incorporates the most advanced quantitative tools for the calculation of Economic Capital.

 Validation Tools: OpVision offers users tools to evaluate the impact of risk factor changes in the amount of estimated capital.

 Stress Analysis: OpVision supports the execution of advanced stress testing .

 Flexible Reporting: OpVision utilizes a powerful module that allows users to design and generate customized reports.

Copyright Azertia USA, Inc., 2008, Copyright Indra Sistemas, S.A.    All Rights Reserved