INSIGHTS

Basel III Compliance with AnalytiX DS

Published 2015-11-10

Being put in charge of making a bank fulfil the regulations defined by the Basel Committee on banking supervision from 2013 is a daunting task. For most banks it has also become clear that there are true challenges to fulfilling these regulations in a timely and trusted manner given the circumstances.

Banks today are multinational companies active in many different markets; these include real-estate loans, investment products, commercial products for consumers and business, each country and market with its own unique risk profile. New products and services are invented to address new needs. The banking business will never stop evolving.

Reading the requirements of the regulations many questions arise:

  • What data is to be collected? From where, what system, what spreadsheet, what person knows about it?
  • How do I get connected to the source of the data?
  • How can I trust and validate the data, how do we know that it is correct? Can I really trust aggregated data, or must I find the true origin?
  • What risk model should be used on the data to make it into meaningful information and knowledge?
  • How do I create a repeatable automated process for providing risk analysis?
  • How do I know what data is relevant and what is not? How do I track changes to procedures, data gatherings, data transformations, and risk models?
  • Where do I start?
  • What IT implementation and support do I need? What requirements do this put on our IT architecture?
  • How do I get both risk analysis performed at business department level as well as aggregated on corporate level?

The Basel III regulations have been in place since 2013 and banks have until January 2016 to fulfil them. Banks have been running initiatives and have taken many steps forward. However, it has become clear to us through our client conversations that many are still struggling. It has been a painful, resource-intensive process and in many cases the majority of steps are still manual.

The regulations include making the risk analysis processes repeatable, automated and more detailed over time. Clearly most banks are struggling with this task at this point. 
United Vanning and AnalytiX DS are jointly working to address this whole area of regulatory compliance.

AnalytiX DS products have been implemented at numerous banks in the US and Australia for similar regulatory purposes and have a proven track record in the industry. United Vanning and AnalytiX DS have the process and tools from start to finish:

  • Source data discovery and data mapping with meta data management
  • Visual representation of data lineage
  • Governance and Lifecycle Management with full historical traceability
  • Integration and automation delivering repeatable business processes for risk model evaluations 


United Vanning offers methods and processes to deal with the uncertainties and questions as well as to drive true implementation progress based on the toolset provided by AnalytiX DS to address all fourteen principles of the Basel III regulations. 


AnalytiX DS and United Vanning Consulting have written a white paper to demonstrate that there is software in the market that, when correctly used and implemented, addresses all fourteen areas of the Basel III regulations.

For more information about United Vanning Consulting or to explore how our expertise can help you please contact us at www.unitedvanning.com/en/contact

I have the idea – but how do I realize it?

Published 2015-10-23

Having a new idea for a new service, a new game, not to mention use of emerging IoT concepts, can be very exciting and everyone should be striving to make the dream come true. However, understanding what it requires in time, effort, investment, budget, and technology to realize that new idea might not be so easy, and then - after launch - what does it mean to operate and maintain it?

Many ideas today combine different “worlds”: social media, mobile apps, Internet of Things etc. It’s easy to focus on what the end user can see and do, but it may not be that easy to understand the entire chain of events and the infrastructure that is required.

With a limited budget the key challenge is to find ways to launch a product with a sufficient set of functionality to attract customers within the budgetary limits and then iteratively improve the product until it is fully adapted to the market needs.

Working with start-ups ensures that you keep your mind open and encourages you to find unorthodox ways to implement and deliver and to find an optimal balance in your choice of technologies to minimize the cost while still delivering a competent and scalable solution. Often, the interesting technology and architecture challenges come from completely new companies.

United Vanning Consulting has the right competences and insights to cater for these needs!

United Vanning has been asked on numerous occasions to specify the business and functional requirements and to perform a full technology and IT-architecture assessment for start-ups.

Let’s look at an example: we were asked to collect all requirements, challenge the business ideas and create a complete system architecture for a new gaming and betting venture.

As part of the process United Vanning contributed substantially to the gaming and betting concepts and functionality as well as to the overall user experience. This was highly appreciated and subsequently requested by the customer to be incorporated into the solution.

The technology span of the platform was demanding; from a customer interaction point of view it included smartphone and tablet technology, real-time gaming engines, and social media integration.

But the back-end functionality was equally important for the solution to secure revenue and comply with regulations: fraud detection and compliance, payment solutions, accounting and journaling, campaign management and customer communication, content management, reporting and analytics etc.

During the process all the requirements were gathered and analysed and use cases were captured and validated, resulting in a list of deliverables containing:

  • Detailed Requirements
  • Use case scenarios
  • Architecture and system components high-level design
  • Technology choices
  • Costing of all items and components
  • Project plan and resourcing plan for execution

The analysis also included how to operate, maintain and host the platform. To keep the license costs down, open source software was selected for much of the platform implementation.

The output material was used to validate the overall business case and to approach and secure venture capital, and serve as the foundation for the entire implementation project.

For more information about United Vanning or to explore how our expertise can help you please contact us at www.unitedvanning.com/en/contact

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