Each quarter we spotlight companies we have come across in recent months as part of our ongoing independent assessment of new solutions to the market.
Fractal Edge – Solutions for Governance Risk and Compliance (GRC)
Recent upheaval in financial markets has drawn into sharp focus the critical need to understand and communicate risk in all its forms. Complexity is the enemy of understanding – but complexity can be mitigated with appropriate tools.
One of the simplest and most effective ways of understanding and communicating information is to visualize it. Humans are evolved to spot the important details in broad swathes of visual information, but not in reams of numbers. As business – and the associated data – becomes more complex, more ingenious approaches to visualization are required.
Fractal Maps provide a uniquely powerful way of visualizing large or fast-moving data. By showing patterns of performance at the same time as highlighting specific areas of interest, these maps allow humans to get a much broader sense of what’s going on very quickly and to focus actions on the areas of interest. An example of a Fractal Map is shown below:
This visual approach has proven to be particularly helpful in understanding and communicating risk across a range of areas:
- Exposure across various instruments, lines of business, geographies and sectors under a range of scenarios is much more quickly understood, allowing quicker action to mitigate these market risks
- Credit risk associated with individual counterparties or types of counterparty can be managed more dynamically and shared across the firm
- Actions taken to mitigate operational risks can be communicated and monitored more effectively
- Trade compliance and AML pattern recognition is enhanced by improving the ability to sift out false positives and spot persistent activity near limits
Fractal Edge provides a range of packaged products and development tools to incorporate Fractal Maps into the workflow of investment and risk professionals. With straightforward data connectivity and configuration, Fractal Maps can immediately start to provide significant benefits to any organization concerned about their risk.
To access case studies, solution overviews and technical details please visit www.fractaledge.com
Verdict:-
- Provides unparalleled visualisation of fast moving complex data sets
- Allows identification of areas of concern more rapidly and reliably across the organisation
- Ensures group-wide familiarity with exposures and priorities
- Quick and easy deployment means immediate benefit through understanding and communication
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