Early Warning Framework for Proactive Risk Management
7
MINS READ
- Overview Press tab for submenu items
TCS is here to make a difference through technology.
Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
-
Industries
-
Services
-
Products and Platforms
-
Research & Innovation
Overview
Overview
Overview
Overview
Industries
expand here
Services
expand here
Products and Platforms
expand here
Research & Innovation
expand here
- About Us Press tab for submenu items
We are with you for the long run.
Our triple bottom line focuses on people, the planet, and purpose. Together we are ready to go the extra mile to empower communities while transforming countless lives and industries along the way.
-
Leading with Purpose
- Overview Press tab for submenu items
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Customer Stories
-
Perspectives
-
Global studies
-
Topics
- Overview Press tab for submenu items
Want to be a global change-maker? Join our team.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Overview
Overview
Overview
Overview
Overview
India
expand here
Americas
expand here
Asia Pacific
expand here
Europe and UK
expand here
Middle East and Africa
expand here
- Overview Press tab for submenu items
Find the latest news about TCS in our Newsroom
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
-
Press releases
-
News alerts
-
Analyst recognition
Recent recognitions
View all -
Events
-
Media kit
- Overview Press tab for submenu items
TCS works hand in hand with world-leading investors.
Tata Consultancy Services LimitedNSE:TCSINR -
Management Commentary
-
Financials
-
News and Events
-
ESG
-
Resources
Overview
Overview
Overview
Overview
Overview
Management Commentary
expand here
Financials
expand here
News and Events
expand here
ESG
expand here
Resources
expand here
Top Results
Showing
10
01 - 07
INDUSTRY
Banking
This will open an overlay
Banking Services Transformation: Unlocking Exponential Value
TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
Related Insights
CRO helps ensure effective risk management for the success of mergers and acquisitions at all stages.
White Paper
19 Dec 2024
This blog explores how NextGen testing transformation ensures better accuracy and faster solutions, thereby enabling efficiency and enriching client experience
Blog
12 Dec 2024
Allegations of Greenwashing and the associated levels of litigation are increasing in the financial services industry and eliminating it requires effective risk management.
White Paper
10 Dec 2024
Highlights
- Assessing the riskiness of customer portfolios isn’t an easy task. Add to that the enormity of the customer base that most banks deal with, and your challenges compound.
- Traditional methods of assessing counterparty risk involve only post-facto analysis, by when irreversible damages may have been done.
- TCS has built a framework that uses machine learning to track, assess, and manage counterparty risk in real time, enabling banks to manage risk proactively.
In this article
Back to top
Go to top
In this articleinpage
Go to top
Challenge
Banks often struggle to assess the riskiness of their vast customer portfolios.
Globally, socio-economic volatility is at an all-time high. Even as disruptions continue unabated, banks and financial institutions find themselves in a tight spot when it comes to ensuring business continuity and keeping risk at bay.
Traditional methods of risk assessment use ratings and financial statements and are more of a post-facto analysis. To be able to proactively mitigate risk, banks must efficiently track and assess counterparties’ riskiness on a near real-time basis.
TCS Solution
TCS’ Early Warning Framework for Proactive Risk Management facilitates real-time, objective assessment of counterparty risk.
The framework drives lexicon-based search of news articles relating to counterparties and crawls news websites acknowledged and followed by banks. Powered by a machine learning algorithm, TCS’ framework analyzes recently published articles about a counterparty and generates a ‘risk score’ in near real time. If the defined hurdle rate is breached, it automatically triggers mails to identified personnel within the bank, who can then activate mitigation measures.
The framework is built on an open-source stack that allows the configuration of external sources for news capture and runs analytics on them to generate real-time dashboards and alerts.
Benefits
TCS’ framework can be used for fraud management, know your customer, and liquidity risk, as well as market risk assessment and mitigation.
It helps banks and financial services firms to:
Continuously track a large number of counterparties.
Practice forward-looking risk management.
Offer multilingual support for a comprehensive global view.
Early Warning Framework for Proactive Risk Management
TCS’ framework uses machine learning to drive real-time, objective assessment of the riskiness of counterparties.
The framework scans recently published articles about counterparties and generates risk scores in near real time.
Related reading
1/4
Banking
The critical role of the Chief Risk Officer in Mergers and Acquisitions
White Paper
|
19 Dec 2024
Opens in new tab
2/4
Banking
Greenwashing in Financial Services: Why it Matters and What to do
White Paper
|
10 Dec 2024
Opens in new tab
3/4
Banking
Change and Resilience – Learning from Failures
White Paper
|
09 Dec 2024
Opens in new tab
4/4
Banking
Cognitive Business Operations
Enhancing customer journeys in the KYC process
Blog
|
29 Nov 2024
Opens in new tab
©2024 TATA Consultancy Services Limited
©2024 TATA Consultancy Services Limited
- Privacy Notice
- Cookie Policy
- Disclaimer
- Security Policy
- California Notice at Collection
- Customize Cookies
What’s on your mind?
We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
Looking for something else?