TECHNOLOGY
RISK AND RECESSION TECHNOLOGY
Need to future-proof your fintech ? There are a number of companies offering state-of-the-art solutions to risk management in the event of a downturn .
• British startup
SPIN Analytics , for example , has developed RiskRobot , software for credit risk management in financial companies . The solution applies big data management methodologies , machine learning , AI , and credit analytics to build advanced credit risk models .
•
G-Square is an Indian company that builds AI-enhanced market risk analytics for banks , portfolio management entities and other financial firms . “ It employs market data science , deep learning , language processing and business analytics to track and manage arising market risks .
• Based in Sweden ,
Sharpfin , a Swedish company , offers a suite of applications for wealth risk management , allowing users to view consolidated company assets and design investment restrictions .
• The US-based
Black Swan Technology addresses the problem of financial risks . It built a Cloud Outage Risk Engine ( CORE ) to analyse and evaluate the risks .
strains of the virus could trigger new lockdown restrictions , stalling growth and innovation . By definition , fintech companies require investment in market-leading technology and the hiring of talented people to build , develop , deploy and maintain products .”
Under the best of circumstances , this can be hard enough to achieve . But when team members can ’ t meet face to face , building a company vision and shared values can be a huge challenge , he says .
“ Another major change caused by the pandemic is that risk is now ever-present and cannot be predicted in economic cycles . It is driven as much by global Coronavirus infection rates as it is by share prices , which creates a new level of uncertainty .”
Technology and recession management Despite these setbacks , the global digital transformation of businesses has been an unprecedented success because it has driven forward new technology and innovations that can assess and mitigate risk .
Groot says risk management has become increasingly granular , and future market
122 October 2021