Post trade software provider Information Mosaic has launched IMValue – a set analytics tools to help financial institutions to better manage and mitigate operational risk and quantify efficiency improvements.
In the corporate actions space, IMValue effectively aggregates corporate actions data and providers analytics tools to highlight risk areas in corporate actions before a trade takes place. This differs from most offerings today, which focus on post-trade exceptions management, said John Byrne, CEO of Information Mosaic.
Information Mosaic’s IMValue applies its performance and risk indicators and advanced analytics. It is expected that using the model future operations and quantify the performance and risk mitigation benefits under different scenarios.
IMValue aims to: identify and align operational goals and KPI’s with executive goals and KPIs; analyze areas of potential concern, running risk and compliance efficiency modeling; quantify the economic value of performance indicators, allowing modeling for revenue, cost and balance sheet implications; recommend operational improvement and investment priorities and monitor post trade performance through a real-time dashboard, scoring efficiencies, measuring risk and benchmarking quality.
John Byrne, CEO of Information Mosaic said, “Up to this point the post-trade environment has been something of a poor relation to the thrust of financial institutions’ front office operations. Much of the company’s most valuable data is held post-trade environment, yet this data is not being put to work for the good of the whole institution.”
He continues: “Currently there are no meaningful industry standard KPIs in place for the post trade environment. The compounding consequences of poorly understood costs and risk drivers alongside the challenges thrown up by aggregating performance, risk and compliance reporting and analytics is constraining the industry’s ability to grow and innovate. By setting high standards of quantifying and predictive data analytics asset managers and financial service providers can go beyond regulatory compliance and start to unlock new business opportunities and quantify the compound consequences of getting it wrong.”