Digital decision making for tomorrow’s risk markets

Gaining a clear overview of your organisations credit risk is no longer good enough for surviving today’s turbulent markets. New specialised credit risk solutions need to go beyond after the event decision support and provide proactive, intuitive, targeted, and specific real time-critical data to those users that need to be informed as it happens.

This has been fundamental in the design of Brady’s next generation credit risk and alerting solution.

The latest sobering news published by S&P Global, stated a record high in the number of companies and countries at risk of their credit ratings being downgraded. This is not limited to small players but refers to 111 potential “fallen angels” from reputable global names including car manufacturers like Ford, airlines such as Delta, and food manufacturers such as Kraft Heinz.

As we continue to deal with the global pandemic this picture is changing rapidly and counterparty risk increases. Businesses need to understand the complex relationships between macro events and the credit risk impact on trading portfolios combined with understanding additional risks to industry sectors, country limits, and trading portfolios in general.

Brady’s introduction of intelligent alerting gives users this insight in real-time, sending automated warnings for increased or unusual risk profiles and patterns.

But is real-time alerting and full portfolio visibility enough? Can credit risk platforms do more to support businesses in mitigating risk faster? At Brady, we believe we can go further, by connecting our credit risk platform to a multitude of sources of counterparty related data in real-time. Complex data relationships can be monitored and when alerts are triggered, pre-defined alert analysis can be presented to the user without manual intervention or effort.

Additionally, imagine defining specific alerts and stipulating where the data analysis should be automatically loaded. Not being bound to a single system but sharing data across multiple systems to create intelligent workflows shared with your teams.

Organisations preparing for tomorrow’s markets should have capability to integrate their best of breed solutions and create an ecosystem, managing all trading activity and data through a single connected journey. A simple process such as releasing goods can be effortless. Imagine sending an automated notification directly to a scheduling system as soon as a letter of credit is received. The release of physical goods to your counterparties could be actioned without any manual intervention. This digital transformation will remove archaic processes, make competitive trading companies nimbler, and give teams the tools to manage risk proactively. Ultimately enabling businesses to better protect profit margins.

Digital decision making for tomorrow’s risk markets