Frustration with legacy systems

Having spent decades analyzing various aspects of risk, we've experienced the problems with outdated risk systems. A history of risk management evolving in silos has left many banks with legacy systems that barely manage to create static reports. 

 
The challenge of ad-hoc analyses

Making even minor improvements to legacy systems is costly, and ad-hoc analyses pose a great challenge. Many teams have to resort to a patchwork of static reports and data sources. Experience and expert judgment have to compensate for poor analytics to support decision-making. Meanwhile, the world outside of banks is developing at break-neck speed.

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Innovation vs. stagnation

The discrepancy between the rapid pace of innovation outside banking and slow development in the risk management space is leaving banks behind. There is a widespread belief that risk calculations for the balance sheet are inherently slow due to large amounts of data and complex computations. But in an era where data management and analysis have seen revolutionary advances, can a balance sheet comprising, say, 100 million contracts truly be considered a big data challenge? Why has innovation in risk management lagged behind? Why have no software providers bridged the gap?

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Rethinking risk calculations

We asked ourselves if anything could be done. Since many software companies are founded by people from legacy firms, they are shaped by traditional thinking. What if we approached risk calculations from a fresh perspective? What if we took a step back, laid a new foundation, and utilized the best technologies of today? We did just that. The results were stunning.

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Introducing MASTIX ALM Studio

After tens of thousands of hours of research and development, we had revisited risk calculations form the foundation. MASTIX ALM Studio was born—a risk management solution that can bring banks into the modern era where they belong. A solution that leverages modern software advancements to let you be truly agile.

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A different breed

MASTIX ALM Studio operates on a different time scale—typically seconds instead of hours. What legacy systems run on enterprise servers, MASTIX ALM Studio can run on a laptop. By utilizing cutting-edge analytics, it lets the user inspect calculations from many different perspectives, making sure that results can be explained with confidence.

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Looking forward

Recent banking turmoil underscores the urgency for evolution—the financial landscape waits for no one, especially outdated systems. MASTIX ALM Studio is setting the pace for the future of risk management. A tool that lets you stay ahead.

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