Legacy Systems: A Roadblock to Progresss

Having spent decades analyzing various aspects of risk, we've experienced the problems with outdated risk systems.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 Struggle with 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 in Risk Management

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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A New Approach to Risk Calculations

We asked these questions and decided to challenge the status quo. While many software providers are constrained by their legacy, we took a different path. Instead of building on outdated foundations, we asked: What if we stepped back, built a new foundation, and harnessed the best technologies available today? We did exactly that—and the results were stunning.

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Introducing ALM Studio

After tens of thousands of hours of research and development, we had revisited risk calculations form the foundation. 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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ALM Studio: A Different Breed in Risk Management

ALM Studio redefines performance and accessibility. While legacy systems require enterprise servers and hours to complete tasks, ALM Studio delivers results in seconds—on standard hardware. By utilizing cutting-edge analytics, it lets users explore 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. ALM Studio sets the pace for the future of risk management. A tool that lets you stay ahead.

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