Risk Management

Definition of risk management: The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks.

Financial risk management reduces the exposure to risk, particularly credit risk and market risk. It includes Foreign exchange, Shape, Volatility, Sector, Liquidity and Inflation risks.

Similar to general risk management, financial risk management requires the identifying of sources, measuring them, and taking action to address them.

Financial risk management can be qualitative and quantitative. As a specialization of risk management, financial risk management focuses on when and how to hedge using financial instruments to manage costly exposures to risk.

In the banking sector worldwide, real-time or near real-time risk management platforms are adopted for tracking, reporting and exposing operational, credit and market risks.

CR-X is a highly-scalable transaction processing environment that easily transforms massive volumes of enterprise data in real-time. CR-X collects, cleanses and moves data at warp speed across your entire organization.

Complex event processing (CEP) consists of processing many events happening across all the layers of an organization, identifying the most meaningful events, analyzing their impact, and taking subsequent action in real time. CR-X can undertake complex event processing and calculate changes of states exceeding a defined threshold of level, time or value increment.

This type of real-time, complex processing, based on massive volumes of data at extreme speed is ideal for undertaking Financial Risk Management.