- Products for risk assessment and internal capital adequacy.
- Informed by regulator policy and expectation and extensive industry application.
- Regulatory compliant and cost effective our risk products are in use in leading firms.
Our products help our clients address these challenges:
Risk experts with deep industry expertize and regulatory insight are in short supply. We developed our suite of risk products so our clients know they can access and benefit from our deep insights and experience at any time. What’s more our scoring products increase effectiveness; contact customers sooner with elanev Engage and reduce the time wasted on accounts that won’t pay or purchase using elanev Propensity.
Our products reduce OPEX costs, increasing margins and profitability. Your cost base is increasing. We will give you the efficiencies needed without diminishing customer service.
OPERATIONAL RISK MODEL
• The regulator recognized method to assess op risk capital
• Quantify the OR of your business, products & portfolios
Very popular with our challenger banking clients, asset managers and insurers. The elanev OR model provides our clients the ability to assess pillar 2 capital in a simple, repeatable and real-time manner. Benefits from our experience of some 50+ industry approaches, rigorously vetted and cognisant of regulator feedback. Cheaper than either maintaining an internal solution or using other external vendors.
CYBER RISK MODEL
• The world’s first commercial cyber risk model
• Quantify the impact of cyber resilience failures
Our industry-leading cyber risk model has been in service since Q1 2017, before the IMF proposed a similar theoretical approach in 2018! Apply our regulatory cognisant cyber risk model to quantify potential losses from information, communication and technology risks in your business.
CREDIT CONCENTRATION RISK
• Regulatory approved approach to assessing CCR
• Assess geographic, single name and sector concentration
Our banking and lending clients love this tool. It’s a simple to use, repeatable, real-time approach for gaining a better understanding of the credit concentration risk within a portfolio arising from an unequal weighting of loan amounts to single, or groups of, counterparties.
The following products are helping firms reduce their provisions and unexpected credit losses.
• Reduce provisions; contact late payers sooner
• Reduce conduct risk; reduce false contacts
In live deployments daily right party contact rates are 15% greater with elanev Engage than with those provided by a well-known predictive dialer deployed with a dedicated dialer manager. Apply to email, SMS, voice blasts and outbound. When used with our ‘recommended channel’ scores will help you manage inbound volumes as well. elanev Engage includes the propensity of contacting the account holder and the 3 best times each day for contact.
• Reduce provisions with better alignment of forbearance
• Reduce unexpected losses as more accurate risk grading
Built from an exhaustive set of dynamic US financial indicators overlaid with validated up to date financial assessments. It applies to all customers, new and current, credit active and inactive. Use this award winning score to rapidly screen accounts for customer financial situation from resilience to vulnerability. Use for better alignment of forbearance.