Erste Group Bank Launches ActiveViam’s Limits Monitoring Module to Manage Intraday Risk

ActiveViam, a global provider of fit-for-purpose software solutions to the financial services industry, is pleased to announce that Erste Group Bank is the first client to adopt ActiveViam’s new Limits Monitoring module.

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“We wanted a solution that would ensure all (risk) sensitivities based on the independent price valuation methodology are available and can be limited on all aggregation levels for all entities on a daily basis”

The product went live at the bank last month and will be extended by scope and users during the upcoming months. This will help Erste Group Bank to enforce their risk appetite while maintaining and monitoring limits on a daily basis.

Erste Group Bank had a choice between developing an in-house solution or acquiring a product from a software vendor. Ultimately, they chose ActiveViam’s solution after using an internal tool that was limited in scope.

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“We wanted a solution that would ensure all (risk) sensitivities based on the independent price valuation methodology are available and can be limited on all aggregation levels for all entities on a daily basis,” said Marcos Heerdt, Head of Market and Liquidity Risk Analytics at Erste Group Bank. “With ActiveViam, we are able to monitor in a robust, safe and scalable manner sensitivities and notional limits in real time with a dedicated definable workflow. It adds consistency to the information system because all the measures used in the new limits system are available in our existing risk cubes.”

Erste Group Bank is already using ActiveViam’s FRTB Accelerator, which has helped the bank to reduce implementation costs and comply with market risk management regulation.

“We noticed many of the organizations we serve struggle with the overhead of maintaining limits,” said Colleen Cosgrove, Chief Solutions Officer at ActiveViam. “The process is similar from client to client and thanks to our extensive experience in risk data modeling and data aggregation we deliver a solution that solves this problem across the industry in a cost-effective and efficient way.”

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