Lumify360 Reviews

The KnowRisk®, Standard is intended for environments in which a small number or users work together to maintain a small to medium-sized risk register and assurance functions. Each user's desktop hosts the data source, which allows multiple databases to run for different programs. KnowRisk®, Standard is a great solution for users who are not connected to a centralised data base. They can upload their data to a centralised database later. KnowRisk®, Professional is for small to large groups of users who are working simultaneously on various risk registers. The Forms technology is used by most users to access the database. This allows for a more user-friendly experience when capturing, assessing and analysing data. KnowRisk®, Professional is the ideal solution for risk management departments with a small staff who delegate risk management tasks and other general staff to risk champions.

RiskConfidence ALM offers integrated enterprise asset management (ALM), money transfer pricing (FTP), liquidity management, market risk management, Value at Risk (VaR), as well as regulatory reporting. All of these are presented in one unified platform with a common data source, and a single engine strategy. The chart of accounts (COA structure) allows you to organize and classify financial instruments on a balanced sheet into a tree-like structure. This structure can be used to input client behavior models and create business forecasts. Manage a rule-based strategy to manage specific balance sheet items using parameter deal mapping (PDM). Use transformation logic to interest rates curves, macroeconomic indicators, foreign exchange rates and transaction characteristics. With the variables that affect them, model client behavior, such as loan prepayments and negotiations, loan commitments, transaction rollsovers, term deposit early redemption, and loan commitments.