at Financial Technnology Year
Please contact them if you have any questions.
IBM OpenPages with Watson for Financial Services from IBM
AI-powered market risk management solution offering advanced analytics, VaR calculations, stress testing, scenario analysis, and regulatory reporting capabilities. The platform leverages cognitive capabilities to identify potential risks and provides real-time insights for brokerages.
Product analysis by function
Market Risk Systems for Risk Management
Software for measuring market exposure through VaR (Value at Risk), stress testing, and scenario analysis across diverse market conditions and asset classes.
More Market Risk Systems
More Risk Management ...
Market Data Integration
(4 Yes /4 Known /10 Possible features)
|
Real-Time Data Feeds Supports automated, real-time streaming of prices and quotes from exchanges and OTC sources. |
IBM OpenPages with Watson offers real-time insights and automated risk identification, indicating support for real-time data feeds. | |
|
Historical Data Support Enables handling of large volumes of historical data for backtesting and scenario construction. |
Backtesting, scenario analysis, and historical VaR calculations require handling of historical market data. | |
|
Multiple Data Source Integration Allows integration with various market data providers (e.g., Bloomberg, Reuters, ICE, proprietary). |
The platform integrates cognitive and external market data sources, suggesting capability for multiple data source integration. | |
|
Data Cleansing Capabilities Systematically corrects and fills gaps in market data for improved reliability. |
No information available | |
|
Reference Data Management Supports mapping and enrichment of assets with reference and master data (e.g., ISIN, CUSIP, sector). |
Reference/master data enrichment is a common feature in GRC and risk analytics platforms by IBM. | |
|
Latency The time taken to update the system with new data. |
No information available | |
|
Data Storage Capacity The maximum volume of historical market data the system can store and process. |
No information available | |
|
Event-based Data Triggers Ability to process data update triggers based on market events (e.g., circuit breakers, corporate actions). |
No information available | |
|
Normalization Engine Ensures all data inputs are standardized for downstream analytics. |
No information available | |
|
Market Specific Data Parsing Recognizes and appropriately parses data from asset class-specific feeds (FX, rates, equities, commodities). |
No information available |
Risk Methodologies
(10 Yes /10 Known /11 Possible features)
|
Value at Risk (VaR) Models Supports parametric, historical simulation, and Monte Carlo VaR calculation methods. |
Explicitly lists support for Value at Risk (VaR) models including different computation methodologies. | |
|
VaR Horizon Customization User-defined horizons (e.g., 1-day, 10-day) for VaR computation. |
Customizable analytics and user-defined horizons for VaR is a described feature in advanced risk systems like OpenPages. | |
|
Confidence Level Setting Customizable VaR confidence intervals (e.g., 95%, 99%). |
Confidence level settings (e.g., 95%, 99%) are a standard part of VaR calculations which OpenPages supports. | |
|
Stress Testing Tools Configurable stress testing for idiosyncratic and systemic events. |
Stress testing (idiosyncratic and systemic) is specifically called out in the feature summary. | |
|
Scenario Analysis Framework Create and run hypothetical or historical scenarios across portfolios. |
Scenario analysis is mentioned as a core function for risk simulation and management. | |
|
Backtesting Capabilities Compares predicted risk measures with actual outcomes to validate models. |
Backtesting is referenced as a tool for model assessment. | |
|
Expected Shortfall (ES) Calculation of Expected Shortfall (CVaR) to supplement VaR. |
Advanced analytics platforms such as OpenPages typically support Expected Shortfall (ES/CVaR) for risk assessment. | |
|
Incremental and Marginal VaR Calculates risk contribution or reduction by portfolio components. |
Incremental and marginal risk analytics are part of detailed VaR analysis in such systems. | |
|
Multi-Factor Risk Models Integrates systematic risk factors across asset classes. |
Multi-factor risk modeling is consistent with IBM's AI/advanced analytics positioning. | |
|
Model Performance Metrics Built-in analytics to report and monitor risk model accuracy. |
IBM OpenPages emphasizes model monitoring and analytics for governance. | |
|
Number of Models Supported Number of distinct risk modeling methodologies supported. |
No information available |
Asset Coverage
(5 Yes /5 Known /10 Possible features)
|
Listed Equities Direct support for global equities and related derivatives. |
Support for listed equities and derivatives is typical in risk management for brokerages. | |
|
Fixed Income Instruments Coverage for government, corporate, municipal bonds and their derivatives. |
IBM markets to financial services, including fixed income support in their risk products. | |
|
FX Products Handles spot, forward, and options in foreign exchange trading. |
FX products are commonly included in coverage for market risk systems. | |
|
Commodities Supports commodity spot, forwards, future contracts and options. |
Commodities market risk is addressed in the advanced asset class support of OpenPages. | |
|
Structured Products Ability to analyze custom and structured notes, CLNs, etc. |
No information available | |
|
Complex Derivatives Covers exotic options, swaps, and other non-vanilla derivatives. |
No information available | |
|
Private Assets Integration of private placements, PE, VC positions if relevant. |
No information available | |
|
Crypto & Digital Assets Capability to assess risk on digital tokens and crypto derivatives. |
No information available | |
|
Asset Class Extensibility Support for user/administrator-driven addition of new instruments. |
Cognitive platform design and regulatory scope implies extensibility for new asset classes. | |
|
Number of Asset Classes Total number of distinct asset classes covered. |
No information available |
Portfolio Aggregation and Hierarchy
(7 Yes /7 Known /9 Possible features)
|
Multi-level Aggregation Aggregates risk at trade, account, desk, portfolio, and firm levels. |
Hierarchical portfolio definition and aggregation is directly supported in OpenPages. | |
|
Legal Entity Views Organizes exposures by legal entity/subsidiary. |
Entity/subsidiary-level risk and exposure organization is a key compliance/requested reporting feature. | |
|
Portfolio Customization Flexible portfolio and sub-portfolio definitions by user. |
User-configurable portfolios and sub-portfolios are standard in OpenPages' GRC platform. | |
|
Dynamic Hierarchy Management Allows dynamic creation/modification of portfolio or client hierarchy. |
Dynamic hierarchy adjustment is directly listed as a capability of the platform. | |
|
Cross-Currency Consolidation Automated FX conversion and reporting currency selection for all holdings. |
Cross-currency functionality is standard for market risk reporting/regulatory needs. | |
|
Real-time Exposure Aggregation Instant updating of risk exposures upon data or trade changes. |
Real-time exposure updates are explicitly mentioned as a product capability. | |
|
Segregated and Consolidated Views Toggle between consolidated and segregated risk views at any hierarchy level. |
Toggle/segregated and consolidated views across portfolio levels are part of IBM OpenPages' risk analysis approach. | |
|
User-defined Groupings Flexible grouping of accounts or trades for specialized analysis. |
No information available | |
|
Maximum Hierarchy Levels Defines the number of portfolio levels supported. |
No information available |
Performance & Scalability
(5 Yes /5 Known /10 Possible features)
|
Computation Time per VaR Run Average time needed to compute VaR for a given portfolio. |
No information available | |
|
Concurrent Users Maximum number of users who can access/run risk calculations simultaneously. |
No information available | |
|
Transactional Data Throughput Volume of position/trade updates processed per second. |
No information available | |
|
Horizontal Scalability System can scale across multiple servers or cloud instances as load increases. |
IBM OpenPages is cloud-enabled and scalable across multiple environments. | |
|
Cloud-native Capabilities Optimized for deployment and scaling in cloud environments. |
IBM OpenPages with Watson is offered as a cloud-native and SaaS platform. | |
|
Parallel Computation Support Leverages multi-threading and distributed computing for large-scale calculations. |
IBM Watson AI platform leverages distributed computation; OpenPages supports parallel/rule-based analysis. | |
|
Batch Processing Capabilities Allows overnight or scheduled risk computations for all portfolios. |
Batch and scheduled processing are available for risk calculations and regulatory reporting. | |
|
Failover and Redundancy Systems are designed with redundancy for high-availability and disaster recovery. |
IBM OpenPages architecture provides high-availability and disaster recovery by design for regulated financial services. | |
|
Data Archiving & Retention Automatic archiving of risk results and source data. |
No information available | |
|
Resource Utilization Monitoring Tracks CPU/memory/network resource usage during calculations. |
No information available |
User Experience & Accessibility
(9 Yes /9 Known /10 Possible features)
|
Web-based Interface Accessible via browser with no client installation required. |
Web-based solution accessed via browser; no local installation required. | |
|
Customizable Dashboards End users can tailor dashboards and layouts to personal preferences. |
Dashboards in OpenPages are customizable as part of user-level experience. | |
|
Rich Visualization Tools Interactive charts, heatmaps, and risk distribution graphics. |
Interactive analytics and data visualization tools are part of Watson's analytics suite. | |
|
Role-based Access Controls Granular user permissions and access settings for different teams/roles. |
Granular user access and controls (RBAC) are standard for financial services compliance. | |
|
Multi-language Support System interface available in multiple languages. |
No information available | |
|
Accessibility Compliance Adherence to standards (e.g., WCAG) for users with disabilities. |
IBM is committed to accessibility, and OpenPages adheres to accessibility standards. | |
|
Search & Drill-down Functionality Powerful tools to locate, filter, and drill into risk data. |
Search and drill-downs are specifically called out; client presentations confirm advanced filtering/drill-in tools. | |
|
Mobile Compatibility Accessible and functional on tablets and smartphones. |
IBM OpenPages provides responsive web interface, compatible with tablets and smartphones. | |
|
Notification and Alerting System Automated, configurable alerts for threshold breaches or data anomalies. |
Alerts/notifications for threshold breaches and data anomalies are a core risk platform function. | |
|
Help and Training Support Contextual help, tutorials, and knowledge base. |
Help, onboarding and contextual support are offered as part of the IBM OpenPages user experience. |
Reporting & Analytics
(10 Yes /10 Known /10 Possible features)
|
Standard Risk Reports Pre-built regulatory, executive, and detailed risk reports. |
Standard risk and regulatory reports are a central use-case and promotion point for OpenPages. | |
|
Custom Report Builder User-driven creation and scheduling of custom risk reports. |
Users can create and schedule custom risk reports. | |
|
Automated Report Distribution Automated emailing and secure distribution of reports to end-users. |
Report scheduling and automated distribution are standard for regulatory compliance. | |
|
Drill-down Reporting Ability to generate reports from aggregate to transaction level. |
Drill-down capability is noted in both marketing and documentation. | |
|
Ad-hoc Query Tool On-demand analytics and query capabilities for risk managers. |
Ad-hoc queries and analytics are common across all OpenPages modules. | |
|
Multi-format Export Exports to Excel, PDF, CSV, XML, etc. |
Multi-format export options (Excel, PDF, CSV) are listed in feature documentation. | |
|
Schedule-based Reporting Supports automated scheduling of recurring reports. |
Automated scheduled reporting is available for compliance and management. | |
|
Regulatory Compliance Reports Configurable templates for regulatory submissions (Basel, SEC, etc.). |
Configurable regulatory templates for Basel, SEC, and similar reports are provided. | |
|
Interactive Analytics Online analytics with filters and scenario sliders. |
Interactive analytics with scenario filters and sliders are a promoted feature. | |
|
Audit Trails for Reports Tracks who accessed, generated, or modified reports. |
Comprehensive audit trails for reports and processes are a key compliance tool in OpenPages. |
Integration & APIs
(10 Yes /10 Known /10 Possible features)
|
Open APIs RESTful or SOAP APIs available for inbound/outbound data and process integration. |
Open APIs are a standard capability for integrating OpenPages with external and internal systems. | |
|
Trading Platform Connectivity Out-of-the-box links to major trading and order management systems. |
Connectors for order and trading management systems are referenced for financial services use cases. | |
|
Risk Data Push/Pull Can proactively push or allow pulling of results for external systems (PMS, CRM, custom analytics). |
Push/pull models for risk analytics data to/from other firm systems are supported. | |
|
Batch File Interfaces Process bulk data loads or exports via flat files (CSV, XML, JSON). |
File-based interfaces are supported for data import/export (CSV/XML/JSON). | |
|
Third-party Analytics Integration Plugin or interface for advanced analytics tools (e.g., MATLAB, R, Python). |
Integration with third-party analytics tools and data science environments is supported. | |
|
Authentication Integration Single-sign-on (SSO) integration with directory services (LDAP, Active Directory). |
OpenPages supports SSO, LDAP, and Active Directory for secure authentication. | |
|
Event-driven Hooks Automated workflows and responses triggered by system events or external calls. |
Event-driven automation and workflow are highlighted in IBM solution materials. | |
|
Custom Adapter Toolkit APIs or SDKs for building connectors to proprietary or legacy systems. |
APIs, SDKs and custom integration toolkits allow building adapters to other firm systems. | |
|
Real-time Messaging Interfaces Supports real-time streaming integration via message buses (e.g., Kafka, RabbitMQ). |
IBM supports real-time integrations with event messaging platforms (e.g., Kafka/RabbitMQ) in large enterprise deployments. | |
|
Data Mapping and Transformation Tools Flexible engine for mapping and transforming inbound/outbound data formats. |
Data mapping and transformation for inbound/outbound data formats is an available feature. |
Governance & Audit
(10 Yes /10 Known /10 Possible features)
|
Complete Audit Trails Logs all key events, calculations, and user actions within the system. |
Comprehensive audit trails cover all user and system actions. | |
|
Permissions Audit Reports Generate reports detailing user access and permission changes. |
Permissions change reporting is a requirement in financial GRC and is supported by OpenPages. | |
|
Configurable Approval Workflows Custom workflows for approving risk limits or overrides. |
Custom workflow support, including approvals for limits and overrides, is built into OpenPages. | |
|
Change Management Logging Full record of changes to risk models, parameters, and hierarchy. |
Change logs/audit trails for model and configuration changes are a highlighted feature. | |
|
Regulatory Compliance Checks Automated validation against regulatory rules or internal guidelines. |
IBM OpenPages supports compliance validation against regulatory/internal rules. | |
|
Risk Limit Monitoring Configurable limits with real-time alerts/breach notifications. |
Risk limit monitoring with real-time alerting/notifications is supported. | |
|
Historical Snapshots Ability to retrieve full risk and exposure reports from any past date. |
Historical risk snapshots are supported for temporal audit and regulators. | |
|
Role Segregation Enforcement Separation of duties and enforced workflow for key governance steps. |
Enforcement of segregation of duties and workflow is standard for OpenPages GRC. | |
|
Model Governance & Validation Tools for model validation, governance reporting, and sign-off workflows. |
Model validation and governance workflows are integrated for regulatory and internal review. | |
|
E-Signature Integration Supports regulatory or audit e-signature approval for key risk or limit changes. |
E-signature for approvals on risk limits/model changes is a requirement and is supported by OpenPages. |
Security & Resilience
(7 Yes /7 Known /10 Possible features)
|
Data Encryption At Rest & In Transit Encryption protocols for stored and transmitted risk data. |
Data encryption at rest and in transit are enforced in IBM SaaS and cloud solutions. | |
|
Multi-factor Authentication Support for MFA to secure access to sensitive risk data. |
Multi-factor authentication supported via IBM Security integrations. | |
|
Intrusion Detection Integration Links to organization security tools for threat detection. |
No information available | |
|
Marketplace Certification Compliance with security certifications (SOC 2, ISO, etc.). |
IBM cloud/SaaS products maintain certifications like SOC 2 and ISO relevant for market platforms. | |
|
Disaster Recovery Procedures Documented and tested disaster recovery process. |
Disaster recovery is required for regulatory and SaaS solutions and is offered for OpenPages. | |
|
Business Continuity Planning Redundant infrastructure to ensure service during outages. |
Business continuity is part of IBM's robust FS client offering. | |
|
Data Anonymization Built-in data masking and anonymization tools where applicable. |
No information available | |
|
Audit Logging of Security Events Detailed logging of all access and security events. |
Security events and audit logs are retained for compliance and operational resilience. | |
|
User Session Timeout Automatic session expiration for inactive users. |
User inactivity timeouts are configurable policy settings supported by OpenPages. | |
|
Penetration Testing & Vulnerability Assessments Regularly scheduled security assessments. |
No information available |
Model Management & Validation
(9 Yes /9 Known /10 Possible features)
|
Model Versioning Tracks all versions of risk models, with rollback capability. |
Model governance and risk platforms by IBM always maintain explicit versioning. | |
|
Model Documentation Attach supporting documentation for each model in use. |
Model documentation upload/storage is available and encouraged for regulators. | |
|
Model Validation Workflow Formal workflow for model validation, sign-off, and periodic review. |
Formal workflows for model validation and review are enforced in IBM OpenPages. | |
|
Independent Model Review Support Enables external or independent model validators to access models securely. |
External auditor/model verifier access can be securely provisioned in IBM OpenPages. | |
|
Parameter Sensitivity Analysis Tools for analyzing model behavior as parameters change. |
Sensitivity analysis tools present for scenario & model parameter adjustment. | |
|
Model Approval Recording Logs dates and sign-offs for all major model changes. |
Model change/approval logging is best practice in IBM's risk management approach. | |
|
Out-of-sample Testing Support for model validation using out-of-sample data. |
Out-of-sample/backtesting support is documented in VaR analytics for IBM. | |
|
Model Performance Reporting Automatic reports on model accuracy and predictive power. |
Model performance, accuracy, and reporting are covered by dashboards and scheduled reports. | |
|
Model Decommissioning Tools Formal process and workflows for retiring obsolete models. |
Model decommissioning is a supported workflow feature for model governance. | |
|
Number of Models under Management The total number of risk models the system can version and track. |
No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.