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SCACS risk management platform

The problem

In an increasingly competitive environment for financial institutions, it is essential to have ways to minimise risks, optimise costs and maximise profits.

Traditionally, different types of credit operations for organisations are managed in separate systems, with little communication and interaction between them.

Currently, the requirements arising from the progressive implementation of the Basel agreements require greater integration of risk management for institutions.

The solution

From this perspective, the final design of the SCACS risk management platform was developed by combining the extensive experience of AIS in everything related to credit risk and the possibilities offered by current information technologies.

Application summary

SCACS integrates risk management for all business segments of the organisation into a single platform, from individuals to large corporations, through intermediate segments such as the self-employed or small and medium enterprises.

The main objectives of SCACS implementation are as follows:

  • Integration of the organisation’s risk information into a single platform, by centralising and standardising the information, making connections with different internal and external databases and facilitating the use of the information available through automatic report generation.
  • Standardisation and automation of credit risk analysis using specific methodologies for the details of each type of customer: businesses, private individuals, the self-employed, small businesses, SMEs, etc, by unifying the criteria and quantifying the risk.
  • Controlling resolution and formalisation, by defining and controlling the powers of resolution, automatically generating the minutes of credit committees, recording conditions and prices in the resolutions and ensuring automatic entry on management and accounting systems.
  • Systematisation and automation of monitoring, through automatic alert detection that monitors deterioration in risk quality, control of trade compensation to clients and a thorough survey of the necessary documentation. In short, establishing an automated risk monitoring process, through monitoring reports and the corresponding scheduling.
  • Process control, using a workflow system for organising management by explicitly defining the paths to be followed by requests, controlling the power of employees and organising the work agenda, so that interventions are coordinated and effective.
  • Modularity and adaptability to changing environments and situations.

At AIS we are conscious that each country and organisation has specific complexities difficult to solve using standard solutions. On the other hand, the ever-evolving financial environment requires new products and features to be introduced without incurring large investments. Therefore, we designed the platform architecture so that newly created components can be added without them affecting the operation of those already on SCACS. This philosophy also allows staggered scale-up which facilitates the process of adapting to a new system and minimises the tensions associated with these changes.

To summarise, SCACS expedites all assessment and formalisation of the organisation’s credit transaction processes with private individuals, companies and businesses, by incorporating reliable, automated assessment, and transforming an activity that consumes lots of time and resources into an efficient and flexible management control system.