Best analytics solution
Best stress scenario software: Analytics Boutique OpCA
Finalists
Best analytics solution: BNP Paribas Securities Services, Dynamo Analytics Psicle
Best stress scenario software: EVMTech, UBS Delta
The Analytics Boutique's OpCApital Analytics software (OpCA) has won in the categories of best analytics solution and best stress scenario software.
OpCA supports the quantification, analytics and management of operational risk, and applies industry standards and best practices, including using advanced modelling of scenario analysis, hybrid approaches that combine internal and external data, scenario analysis, business environment and internal control factors and insurance protection.
As an analytics programme, OpCA provides an end-to-end solution incorporating industry standards and best practices in modelling operational risk capital, stress testing and loss prediction.
These include exploratory analysis, extreme value analysis, capital instability analysis, what-if analysis, distribution modelling, goodness of fit analysis, hybrid model construction, Monte Carlo simulation, time series analysis and generalised linear models.
The programme aims to eliminate low-value adding tasks, such as code programming, data management and report generation, which are fully automated and integrated into the application.
As a stress scenario software, OpCA enables firms to estimate losses under different stress scenarios by forecasting the development of exposures based on macroeconomic factors, such as GDP, inflation, unemployment and banking activity.
Although originally designed with operational risk in mind, OpCA can be used for other risks, such as the probability of default in a bond portfolio using several macroeconomic variables.
Each application of OpCA supports strong model governance, since it enforces full user control; provides a full audit trail; stores all data used in the models and permits the recovery of it to replicate any analytics model with a single click; provides a facility to store all modelling decisions; and provides a facility to store all risk management and mitigation conclusions derived from the modelling.
