Operational risk

Vital Data Technology Expands Affinitē Risk Adjustment into a Complete End-to-End Solution

Retrieved on: 
Wednesday, June 2, 2021
Risk, Articles, Computer security, Data security, IT risk, Operational risk, Risk analysis, Security

NEWPORT BEACH, Calif., June 2, 2021 /PRNewswire/ -- Vital Data Technology , a data science-driven healthcare solutions leader, today announced the expansion of their Affinit Risk Adjustment (RA) solution.

Key Points: 
  • NEWPORT BEACH, Calif., June 2, 2021 /PRNewswire/ -- Vital Data Technology , a data science-driven healthcare solutions leader, today announced the expansion of their Affinit Risk Adjustment (RA) solution.
  • With additional capabilities, Affinit RA is a complete risk adjustment solution with suspect logic to ensure an accurate assessment of risk scores, giving payers a complete financial picture of their population.
  • We wanted to enhance the capabilities of Affinit Risk Adjustment so payers get a true end-to-end solution with advanced analytics."
  • Affinit RA, on the other hand, streamlines processes to free up risk adjustment teams to focus on strategic priorities," explained Peter Janelle, Director of Risk Adjustment for Vital Data Technology.

Risk Analytics Market worth $64.7 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, May 26, 2021
Articles, Academic disciplines, Actuarial science, Business intelligence, Formal sciences, Risk analysis, Analytics, Big data, Financial risk, Risk management, Operational risk, Risk

The Risk Analytics Market by risk types has been segmented into strategic risk, operational risk, financial risk, and others (reputational risk, environmental risk, third-party risk, and economic risk).

Key Points: 
  • The Risk Analytics Market by risk types has been segmented into strategic risk, operational risk, financial risk, and others (reputational risk, environmental risk, third-party risk, and economic risk).
  • Organizations are investing heavily in new markets or regions to establish themselves leading to the higher adoption of risk analytics solutions for financial risk management.
  • APAC has continually presented lucrative market opportunities for risk analytics solution providers with a notable increase in risk analytics across both its developed and emerging countries.
  • Insurance Analytics Market by Component (Tools and Services), Application (Claims Management, Risk Management, Customer Management and Personalization, Process Optimization), Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2026

Risk Analytics Market worth $64.7 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, May 26, 2021
Articles, Academic disciplines, Actuarial science, Business intelligence, Formal sciences, Risk analysis, Analytics, Big data, Financial risk, Risk management, Operational risk, Risk

The Risk Analytics Market by risk types has been segmented into strategic risk, operational risk, financial risk, and others (reputational risk, environmental risk, third-party risk, and economic risk).

Key Points: 
  • The Risk Analytics Market by risk types has been segmented into strategic risk, operational risk, financial risk, and others (reputational risk, environmental risk, third-party risk, and economic risk).
  • Organizations are investing heavily in new markets or regions to establish themselves leading to the higher adoption of risk analytics solutions for financial risk management.
  • APAC has continually presented lucrative market opportunities for risk analytics solution providers with a notable increase in risk analytics across both its developed and emerging countries.
  • Insurance Analytics Market by Component (Tools and Services), Application (Claims Management, Risk Management, Customer Management and Personalization, Process Optimization), Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2026

Ion Channel Provides Software Bill of Materials Management Platform to Meet Executive Order Requirements (SBOM)

Retrieved on: 
Tuesday, May 18, 2021
Supply chain management, Articles, Risk, Business process management, Operational risk, Supply chain risk management, SCRM, Risk management, Supply chain cyber security

This technical capability extends Ion Channel Cyber-SCRM capabilities funded by the intelligence community, Defense Department and Department of Energy starting in 2015.\n"SBOM management, as a component of third-party risk and supplier management, is a distinct use case and needs a solution that\'s fit for purpose," says JC Herz, Ion Channel\'s CEO.

Key Points: 
  • This technical capability extends Ion Channel Cyber-SCRM capabilities funded by the intelligence community, Defense Department and Department of Energy starting in 2015.\n"SBOM management, as a component of third-party risk and supplier management, is a distinct use case and needs a solution that\'s fit for purpose," says JC Herz, Ion Channel\'s CEO.
  • "Solutions designed for software developers, or scanners that only run inside a single enterprise, don\'t deliver for this use case because of seat licensing and constraints on access to the underlying data.
  • This data can be shared and exchanged between customers and suppliers, regulators, auditors and accreditors, and this portability is essential for end-to-end supply chain risk management.
  • "\nIon Channel\'s automated verification of active software maintenance and supplier security response allows customers to enforce terms and conditions related to software supply chain risk management and cyber hygiene, and to give preferential procurement to suppliers who meet security criteria on an ongoing basis.\nFor more information on Ion Channel\'s SBOM Risk & Management Solution, contact [email protected]\n'

Sberbank: Sber earned RUB386.1 bn for 4M 2021 (RAS)

Retrieved on: 
Tuesday, May 11, 2021
Money, Profit, Finance, Economy, Net income, Operational risk, Mortgage loan, NET

Therefore, the numbers for 2020 have been recalculated to make them comparable.\nThe Bank earned a record net profit of RUB103.6 bn.\nRetail loan portfolio expanded by 2.4%, with mortgages up by 2.9%.

Key Points: 
  • Therefore, the numbers for 2020 have been recalculated to make them comparable.\nThe Bank earned a record net profit of RUB103.6 bn.\nRetail loan portfolio expanded by 2.4%, with mortgages up by 2.9%.
  • Cost to income ratio stayed below 30%.
  • As a result, we earned RUB386 bn in net profit for the first four months, and ROE came in at 24.1%.
  • A meaningful event in April was the transition to a standardized approach to calculate operational risk, which will allow us to increase the efficiency of capital usage.

Regulatory changes, food fraud, and the ongoing effects of COVID-19 are the primary causes of supply chain disruptions, according to new BSI report

Retrieved on: 
Thursday, April 29, 2021
Supply chain management, Articles, Actuarial science, Risk, Management, Security, Operational risk, Supply chain risk management, Supply chain, Supply chain security

"\nMany of the COVID-19 related challenges that organizations faced in 2020 forced them to adjust in novel ways to maintain their supply chain continuity, integrity, and overall resilience.

Key Points: 
  • "\nMany of the COVID-19 related challenges that organizations faced in 2020 forced them to adjust in novel ways to maintain their supply chain continuity, integrity, and overall resilience.
  • "[1]\nGiven the significant level of global food shortages, BSI found that the risk of food fraud is on the rise.
  • Our holistic supply chain risk management suite is designed to predict and visualize risk and develop robust risk mitigation and compliance management programs to protect your supply chain, brand, and reputation.
  • Our intelligence-infused supply chain solutions and global network empower our clients to understand global supply chain risk with unequaled precision.\n'

Beroe partners with Corcentric to boost effectiveness of Supplier Risk & Compliance Management efforts

Retrieved on: 
Wednesday, April 28, 2021
Business process management, Procurement, Management, Supply chain management, Operational risk, Business, Business intelligence, Manufacturing, Supplier risk management, Supplier evaluation

Lack of insight in these supply chains is accentuated by the volume of supplier data and tying them back to risk.

Key Points: 
  • Lack of insight in these supply chains is accentuated by the volume of supplier data and tying them back to risk.
  • The Beroe KYS provides Corcentric Supplier Management customers information from the leading providers of supplier risk data including financial, reputational, sustainability, and cyber risk information.\nSupplier and Procurement managers can also establish unified supplier profile views within Corcentric Supplier Management to extend into other areas with a dedicated supplier risk dashboard integrated with supplier performance and spend.\n"Companies are only as good as their supply chains, yet unfortunately these are vulnerable to disruption and unforeseen risks when suppliers are not effectively monitored.
  • Beroe and Corcentric partnership will further strengthen our efforts in enabling organizations to create a more resilient supplier risk program," said Beroe Inc Chief Vel Dhinagaravel.\n"The inability to effectively link third party supplier risk data to wider supplier management efforts puts a massive strain on supplier risk mitigation and compliance assessments efforts.
  • This offering adds tremendous value to our customers for solving the supplier data challenge and truly gives them a competitive advantage in the ability for identifying and mitigating supplier risk and compliance.

Beroe partners with Corcentric to boost effectiveness of Supplier Risk & Compliance Management efforts

Retrieved on: 
Wednesday, April 28, 2021
Business process management, Procurement, Management, Supply chain management, Operational risk, Business, Business intelligence, Manufacturing, Supplier risk management, Supplier evaluation

Lack of insight in these supply chains is accentuated by the volume of supplier data and tying them back to risk.

Key Points: 
  • Lack of insight in these supply chains is accentuated by the volume of supplier data and tying them back to risk.
  • The Beroe KYS provides Corcentric Supplier Management customers information from the leading providers of supplier risk data including financial, reputational, sustainability, and cyber risk information.\nSupplier and Procurement managers can also establish unified supplier profile views within Corcentric Supplier Management to extend into other areas with a dedicated supplier risk dashboard integrated with supplier performance and spend.\n"Companies are only as good as their supply chains, yet unfortunately these are vulnerable to disruption and unforeseen risks when suppliers are not effectively monitored.
  • Beroe and Corcentric partnership will further strengthen our efforts in enabling organizations to create a more resilient supplier risk program," said Beroe Inc Chief Vel Dhinagaravel.\n"The inability to effectively link third party supplier risk data to wider supplier management efforts puts a massive strain on supplier risk mitigation and compliance assessments efforts.
  • This offering adds tremendous value to our customers for solving the supplier data challenge and truly gives them a competitive advantage in the ability for identifying and mitigating supplier risk and compliance.

Everstream Analytics Partners with project44 to Combine Real Time Visibility with Predictive Risk Analytics

Retrieved on: 
Tuesday, April 27, 2021
Supply chain management, Business intelligence, Articles, Business process management, Business, Operational risk, Procurement, Analytics, Big data, Supply chain, Supplier risk management, Third-party logistics

The combination of the project44 and Everstream Analytics solutions enable companies to achieve pre-transit visibility as well as real-time in-transit visibility to better navigate future and present supply chain disruptions.\nEverstream Analytics delivers shipment-level predictive analytics during transportation planning to improve on-time and in-full delivery performance and monitors in-transit risks in near-real time on a global basis.

Key Points: 
  • The combination of the project44 and Everstream Analytics solutions enable companies to achieve pre-transit visibility as well as real-time in-transit visibility to better navigate future and present supply chain disruptions.\nEverstream Analytics delivers shipment-level predictive analytics during transportation planning to improve on-time and in-full delivery performance and monitors in-transit risks in near-real time on a global basis.
  • Everstream also helps reduce sourcing and supplier risk by providing visibility to risks in a company\xe2\x80\x99s multi-tier supply network.\nRecently placed as a Leader in the 2021 Gartner Magic Quadrant for Real-time Transportation Visibility Platforms, project44 is the world\xe2\x80\x99s leading advanced visibility platform for shippers and logistics service providers.
  • Our solution integrates with our clients\xe2\x80\x99 Procurement, Logistics and Business Continuity platforms to deliver global, end-to-end visibility to supply chain risk to enable our clients to Think Bigger.
  • We combine data science, proprietary intelligence and multilingual specialists to monitor global risk and events in real-time to enable our clients to Act Sooner.

Corcentric Partners with Market Intelligence Leader Beroe to Boost the Effectiveness of Supplier Risk & Compliance Efforts

Retrieved on: 
Tuesday, April 27, 2021
Business process management, Risk, Procurement, Operational risk, Management, Business intelligence, Manufacturing, Supplier risk management

Beroe\'s KYS provides Corcentric Supplier Management customers information from the leading providers of supplier risk data including financial, reputational, sustainability, and cyber risk information.\nOver the last twelve plus months, organizations have been increasingly concerned about supply chain disruption.

Key Points: 
  • Beroe\'s KYS provides Corcentric Supplier Management customers information from the leading providers of supplier risk data including financial, reputational, sustainability, and cyber risk information.\nOver the last twelve plus months, organizations have been increasingly concerned about supply chain disruption.
  • The lack of insight in supply chains is accentuated by the volume of supplier data and tying them back to risk.
  • Poor supplier management processes and data infrastructures have traditionally made unifying supplier profiles with third party data in areas like financial, reputational, sustainability and cyber-risk too tedious and expensive.\n"The inability to effectively link third party supplier risk data to wider supplier management efforts puts a massive strain on supplier risk mitigation and compliance assessments efforts," said Sean Regan, Senior Vice President of Global Alliances at Corcentric.
  • To learn more, please visit corcentric.com.\nBeroe is the world\'s leading provider of procurement intelligence and supplier compliance solutions.