A comprehensive risk management platform that provides pension funds with tools for enterprise risk management, operational risk assessment, compliance management, and risk analytics. It offers configurable dashboards, automated workflows, and reporting capabilities to support risk-based decision making.
Tools that independently verify and validate the mathematical and financial models used in pension fund management, ensuring accuracy and appropriate use of actuarial and investment models.
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Asset Class Support Ability to validate models for a wide variety of asset classes including equities, fixed income, real estate, private equity, infrastructure, and alternatives. |
Riskonnect's platform covers a wide range of asset classes for risk analytics and compliance, supporting enterprises including pension funds. | |
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Regulatory Compliance Models Supports checking that models adhere to regulatory standards (e.g., Solvency II, IFRS, local pension regulations). |
The product offers compliance management modules and claims support for regulatory adherence such as SOX, GDPR, and similar requirements that are relevant to Solvency II, IFRS, and pension regulation. | |
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Actuarial Model Validation Capability to validate actuarial models for liabilities, mortality/longevity, and other pension-specific risk factors. |
No information available | |
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Investment Model Validation Verification and independent validation of investment and asset allocation models. |
No information available | |
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Scenario Analysis Coverage Verifies models across stress scenarios and forecast situations. |
Scenario analysis and stress testing are listed in risk analytics and dashboard configuration. | |
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Economic Assumptions Validation Checks the reasonableness and consistency of macroeconomic and market assumptions in models. |
The platform validates macroeconomic and risk assumptions as part of its operational risk assessment workflow. | |
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Stochastic Model Support Evaluates the appropriateness and calibration of stochastic simulation models. |
No information available | |
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Deterministic Model Support Supports validation of deterministic models alongside stochastic models. |
No information available | |
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Hybrid Model Support Ability to handle and validate hybrid (e.g., deterministic/stochastic mixed) models. |
No information available | |
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Model Interdependency Analysis Checks the proper integration and interaction of multiple models (e.g., asset-liability modeling). |
Asset-liability management and model interdependency are supported through configurable workflows. | |
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Cash Flow Models Supports validation of cash flow projection models. |
No information available | |
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Statistical Model Types Supported Number of statistical models (e.g., regression, time series, machine learning) the system can validate. |
No information available |
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Sensitivity Analysis Tools Software provides functionality to test model output sensitivity to input changes. |
Dashboard and analytical tools allow users to test the impact of parameter changes and thus provide sensitivity analysis features. | |
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Backtesting Framework Includes automated routines for comparing model predictions vs actual historical results. |
No information available | |
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Benchmark Comparisons Ability to compare model outputs against industry benchmarks and standards. |
The platform enables comparison to risk benchmarks and standards via customizable reports. | |
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Model Calibration Checks Verifies calibration of model input parameters. |
Automated validation and calibration checks are part of workflow configuration. | |
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Hypothesis Testing Automates statistical hypothesis testing for model robustness. |
No information available | |
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Parameter Validation Assures validity and ranges of key model parameters. |
Parameter validation is part of model review process offered by Riskonnect. | |
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Error Detection Rate Number/percentage of material model logic, coding or data errors detected by the tool. |
No information available | |
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Assumption Documentation Ensures all model assumptions are documented and validated. |
Model assumption documentation is enforced as part of built-in workflow and audit trail. | |
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Validation Frequency How often models can be automatically or manually re-validated. |
No information available | |
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Replication Capability Ability to independently reproduce model results using input data and model code. |
Audit logs and workflow configuration allow independent reproduction of validation steps. | |
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Custom Validation Procedures Allows user-defined tests and validation scripts to be integrated. |
Custom rules and validation logic can be configured as part of the system's automated workflow. |
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Automated Report Generation Can automatically produce validation reports in multiple formats (PDF, Excel, HTML). |
Automated and scheduled reporting in multiple formats is a listed platform feature. | |
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Model Version Tracking Keeps a detailed version history of models tested and validated. |
Version and change tracking are core elements for compliance and audit features. | |
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Validation Audit Trails Complete logs of validation steps, findings, and actions taken. |
The system produces full audit trails of all actions and validation events. | |
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Export to Regulator Formats Exports results and reports in formats acceptable to regulators. |
No information available | |
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Automated Exception Tracking Logs and alerts where models fail validation criteria. |
Exception tracking and automated workflow for missing/failed validation items. | |
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Customizable Report Templates Enables users to define and reuse custom report layouts. |
Customizable dashboard and report templates are consistently marketed. | |
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Stakeholder Access Control Granular permissions to allow auditors and regulators selective report access. |
Role-based and granular stakeholder access controls are part of enterprise risk software. | |
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Dashboard Overview Visual dashboards summarizing validation status and issues across models. |
Dashboard overview is explicitly a primary user interface component. | |
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Data Lineage Capture Records where and how input data was sourced and transformed. |
No information available | |
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Findings Severity Rating Ability to classify and rate severity/impact of validation findings. |
No information available | |
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Change Log Frequency Tracks frequency of model changes between validation cycles. |
No information available |
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API Integration Provides APIs for integrating validation tools with model risk management systems, data warehouses, and reporting tools. |
Riskonnect provides integrations via APIs to other enterprise risk and reporting systems. | |
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Direct Data Import Ability to directly import data from common sources (databases, CSV, actuarial software, etc). |
Supports direct imports from common formats (Excel, CSV, etc), per product documentation. | |
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Supported Input Formats Number of natively supported input file/data types. |
No information available | |
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Open Model Interface Accepts externally coded models (e.g., Python, R, SAS, Excel/VBA). |
Open model interfaces are described (Python or custom model integration mentioned in technical overviews). | |
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Cloud Deployment Options Available as cloud-hosted/SaaS as well as on-premises. |
Available as SaaS and on-premise; explicit in marketing and technical overviews. | |
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Batch Processing Capability Supports bulk validation processing runs for multiple models or scenarios. |
Batch processing and multi-model/scenario support via workflow automation. | |
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Single Sign-On (SSO) Support Integrates with enterprise SSO/LDAP for user authentication. |
SSO/LDAP/Active Directory integration listed as supported for enterprise authentication. | |
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Plug-in Architecture Allows user extensions or connectors for bespoke data/model integration. |
No information available | |
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Real-Time Data Sync Can receive and process real-time data updates from external sources. |
No information available | |
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Compatibility with Risk Engines Integrates with major risk analytics platforms (e.g., BlackRock Aladdin, MSCI Barra). |
No information available |
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Role-Based Access Control Granular control over who can view/modify/validate models and access reports. |
Granular and role-based access control is a key selling point. | |
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Data Encryption in Transit Uses encryption for data transmitted between systems and users. |
Industry-standard security measures are noted; data encryption in transit is standard for enterprise SaaS. | |
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Data Encryption at Rest Encrypts stored input data, models, and validation results. |
Encryption at rest mentioned under risk analytics security documentation. | |
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GDPR/CCPA Compliance Supports compliance with global/regional data privacy laws. |
GDPR and CCPA compliance cited in data privacy and regulatory materials. | |
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Audit Log Tamper Detection Detects and alerts any unauthorized modifications to audit logs. |
No information available | |
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User Activity Monitoring Monitors and reports on all user login and activity events. |
No information available | |
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Secure Data Erasure Provides secure deletion of sensitive data after use. |
No information available | |
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Time-Limited Access Tokens Allows issuing temporary credentials for third-party integrations. |
No information available | |
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Multi-Factor Authentication Enforces multi-step verification for sensitive operations. |
Multi-factor authentication supported for enterprise deployments. | |
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Incident Response Procedures Documented and automated workflows for data breaches or security incidents. |
No information available |
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Intuitive User Interface Clear and organized navigation with contextual help. |
Modern, configurable dashboards and context-based navigation confirmed in UI demonstrations. | |
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User Customization Options Ability to customize dashboards, views, and notifications. |
Users can customize views, dashboards, and email notifications. | |
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Visualization Tools Provides interactive charts and visual summaries of validation results. |
Visualization and interactive charting built into platform as advertised. | |
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Guided Validation Workflows Built-in guided processes to streamline validation tasks. |
Guided workflows and process automation are core product features. | |
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Bulk Action Support Can perform multiple validation/reporting actions in a single operation. |
Bulk actions for validation/approval and reporting are part of the workflow automation. | |
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Accessibility Compliance Meets key accessibility standards for differently abled users. |
No information available | |
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Mobile Access Available interface optimized for mobile/tablet. |
Responsive and mobile-optimized access confirmed in product documentation. | |
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Multi-Language Support Interface and documentation available in multiple languages. |
No information available | |
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Help and Documentation Integration Contextual help, FAQ, and tutorials embedded in the UI. |
Help features, documentation, and contextual support integrated in the UI. | |
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Training Mode Provides guided training environments for new users. |
Guided training for new users is part of the onboarding process. |
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Concurrent Model Validations Number of models that can be validated simultaneously. |
No information available | |
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Validation Throughput Number of full validation runs completed per hour. |
No information available | |
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Response Time Average time for interactive model validation tasks. |
No information available | |
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Scalability to Large Data Sets Software performance with growing model and data sizes (e.g., stress-tested at +TB scale). |
Customer case studies reference TB-scale and enterprise data, indicating high scalability. | |
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Cluster/Distributed Computing Support Ability to distribute validation workload across multiple nodes or clouds. |
No information available | |
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Parallel Processing Capability Runs multiple validation steps in parallel for speedup. |
No information available | |
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High Availability Supports automated failover and uptime above industry standard. |
High availability and business continuity/disaster recovery included in SLA/offering. | |
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Resource Elasticity Dynamically allocates compute resources for peak demand. |
Elastic scaling for cloud deployments specifically mentioned. | |
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Maximum Model Size Supported Handles large model files or systems up to specified limit. |
No information available | |
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Concurrent User Sessions Max number of simultaneous active users supported. |
No information available |
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Model Inventory Management Maintains centralized register of all models in use or review. |
Centralized model and risk register management is a core feature. | |
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Approval Workflow Automation Automates routing of models for validation, sign-off, and periodic review. |
Automated approval and signoff workflows detailed in documentation. | |
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Roles and Responsibilities Matrix Links approval/review steps to responsible individuals or jobs. |
Supports mapping approval steps and responsible roles in process management. | |
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Documentation Linkage Connects validation tests with supporting documentation and model rationale. |
Allows documentation attachments linked to validation and approval steps. | |
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Model Lifecycle Tracking Tracks model development, deployment, validation, review, and retirement. |
Tracks model lifecycle and all associated governance events. | |
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Automated Reminders and Alerts Sends email or dashboard alerts for deadlines or required reviews. |
Automated dashboard alerts and email reminders are supported. | |
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Compliant Record Retention Supports long-term storage of validation records per regulatory guidance. |
Document retention and archiving is a standard compliance feature. | |
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Policy and Procedure Templates Includes templates for documenting model risk policies, processes, and validations. |
Includes policy and procedure templates for model validation and risk processes. | |
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Change Management Logs Automated tracking of changes to models, validation logic, and key inputs. |
Change logs for models, assumptions, and workflows are maintained by the platform. | |
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Evidence Attachment Capability Allows attachment of working papers, emails, screenshots to validation records. |
Supports attachment of evidence to validation entries. |
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24x7 Technical Support Support/helpdesk available round the clock. |
24x7 customer support available, per SLA and global support docs. | |
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Custom Development Services Vendor offers additional customization services or development upon request. |
Vendor professional services for customization are offered. | |
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Service Uptime Commitment Guaranteed system uptime per year. |
No information available | |
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Patch and Upgrade Frequency Number of software upgrades or patches released per year. |
No information available | |
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Onboarding and Training Programs Vendor provides comprehensive onboarding, training and certification programs. |
Training, onboarding, and certification program details available on the website. | |
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Issue Resolution Time SLA Maximum guaranteed time to resolve high-severity issues. |
No information available | |
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Named Account Manager Dedicated account manager provided for ongoing support. |
Named account manager provided for enterprise accounts. | |
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User Community/Forums User forums or online communities for peer support and knowledge sharing. |
User community, knowledge bases, and forums confirmed on the vendor site. | |
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Multi-Region Support Centers Vendor has geographically distributed support/resources for local compliance. |
Multi-region support centers part of global delivery capability. | |
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API/Integration Support Services Vendor will assist with systems integration and bespoke API connections. |
Integration support and bespoke API service available via vendor consulting. |
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Transparent Pricing Clear, published pricing and billing with no hidden charges. |
Pricing and contract transparency, including no hidden fees, is highlighted in marketing collateral. | |
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Modular Licensing License individual modules/features as needed. |
Modular platform—customers can purchase modules as required. | |
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Pay-as-You-Go Option Supports usage-based billing for smaller or irregular workloads. |
Pay-as-you-go cloud/computing or module options discussed for some SKUs. | |
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Concurrent User Licenses Number of users who can access the system at once under license. |
No information available | |
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Enterprise Discounting Volume or enterprise-wide discounts available. |
No information available | |
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Contract Length Flexibility Can select short-term, annual, or multiyear contracts. |
Short, annual, and multiyear contract options supported. | |
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Free Trial Availability Availability of a software trial or pilot period before purchase. |
Free trial or pilot engagements available, per vendor sales info. | |
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Customization Cost Transparency Clear cost breakdowns for extra integrations/customization. |
Customization cost estimates detailed in proposals and publicly discussed. | |
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Upgrade/Maintenance Included Upgrades and regular maintenance costs included in license fee. |
Upgrade and maintenance included in most license structures. | |
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Nonprofit/Government Pricing Special pricing available for nonprofit or public-sector pension funds. |
No information available |
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AI/ML Model Validation Validates machine learning/AI-driven models, including explainability/robustness checks. |
No information available | |
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Explainable AI Tools Provides transparency features for black box models. |
No information available | |
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Scenario Generator Integration Integrates with stochastic scenario generators for model testing. |
No information available | |
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Open Standards Support Supports open-source data/model standards (e.g., ONNX, Predictive Model Markup Language). |
No information available | |
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Continuous Integration (CI) Support Provides APIs/tools for CI pipelines and automated model risk management. |
No information available | |
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Support for Regulatory Change Management Includes workflows and alerting for evolving regulatory standards. |
Compliance management workflows support ongoing regulatory change tracking and alerting. | |
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Data Quality Monitoring Automated monitoring for input data quality and timeliness. |
Data quality monitoring and exception reporting are featured for better risk management. | |
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Legacy Model Compatibility Can import and validate legacy models built on older systems. |
Legacy model/data import supported as part of onboarding and integration services. | |
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Sandbox/Experimentation Environment Dedicated safe environment for testing new models and validation logic. |
Platform supports sandboxes for scenario testing and workflow validation. | |
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Cloud-Native Architecture Engineered for microservices/cloud-native deployment models for future scalability. |
Cloud-native microservices architecture confirmed in Riskonnect technical documentation. |
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