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features
design
support

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Write a Review

Description

Make informed and cautious decisions regarding risks while continuously evaluating the success of your strategies. Utilize a robust enterprise risk management system to gain comprehensive insights into how various risk factors can affect your business's value and reputation. This solution facilitates the identification, assessment, analysis, and ongoing monitoring of risks. Start by outlining the business activities that are pertinent to risk, establishing a structured organizational risk hierarchy, assigning risk appetites and owners, and designating specific responsibilities while enabling the automation of risk monitoring processes. Furthermore, explore the connections between different risks and related events, create survey questions to gather data, and document potential root causes along with the effects of risks, including strategies for mitigation. Conduct both quantitative and qualitative analyses of risks to evaluate their likelihood and the potential consequences they may carry for your organization. By employing these methods, you can enhance not only your risk management efforts but also your overall business resilience.

Description

The T-NEX AI Risk Manager serves as a comprehensive risk-management tool designed for banks, insurance companies, and other entities under regulatory oversight. This application features a detailed register that enables the documentation of various risks, their classifications, designated owners, current statuses, assessments, treatment strategies, controls, processes, incidents, related attachments, and any modifications made. Users have the ability to search through and filter this register, establish connections between controls and associated risks or processes, and record incidents along with relevant loss details and contributing factors. Enhanced by AI capabilities, the application can generate editable risk proposals derived from incident narratives, provide recommendations for likelihood and impact ratings, and assess specific scenarios against the existing inventory of risks and controls. The insights produced encompass potential repercussions, controls that may be impacted, and recommended actions for the designated team to evaluate. Additionally, the software facilitates a streamlined workflow that guides users from the initial assessment phase through treatment and eventually to reassessment, monitoring, or closure; however, it is essential to clarify that its scenario analysis functions as a textual working hypothesis rather than a rigorously validated quantitative stress test. Overall, this tool is invaluable for organizations aiming to efficiently manage and mitigate risks while ensuring compliance with regulatory standards.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

SAP Joule Yes 
SAP Store Yes 

Integrations

SAP Joule No 
SAP Store No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

SAP

Founded

1972

Country

Germany

Website

www.sap.com/products/financial-management/risk-management.html

Vendor Details

Company Name

T-NEX GmbH

Founded

2024

Country

Germany

Website

t-nex.de/institute/produkte/ai-risk-manager/

Product Features

Financial Risk Management

Compliance Management No 
Credit Risk Management No 
For Hedge Funds No 
Liquidity Analysis No 
Loan Portfolio Management No 
Market Risk Management No 
Operational Risk Management No 
Portfolio Management No 
Portfolio Modeling No 
Risk Analytics Benchmarks No 
Stress Tests No 
Value At Risk Calculation No 

Product Features

Risk Management

Alerts/Notifications No 
Auditing No 
Business Process Control No 
Compliance Management No 
Corrective Actions (CAPA) No 
Dashboard No 
Exceptions Management No 
IT Risk Management No 
Internal Controls Management No 
Legal Risk Management No 
Mobile Access No 
Operational Risk Management No 
Predictive Analytics No 
Reputation Risk Management No 
Response Management No 
Risk Assessment No 

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