Financial Predictive Analytics (FPA)

Today post Credit Crunch (CC) Risk Management has to be focused upon Financial Predictive Analytics (FPA). In essence Risk Management can be regarded as equivalent to FPA; one could argue this was the ‘weakest link’ on the IT side pre-Credit Crunch. Financial Predictive Analytics has a long pedigree in the discipline of Econometrics, which basically means optimized modeling for predicting economic outcomes. Through the Basel II implementation period in Europe (roughly 2003-2007) there remained resistance to the implementation of robust Financial Predictive Analytic toolsets in banking and insurance, as is commonly understood now, this process was not enforced by supervisors. If the financial services industry is to exit the Credit Crunch period in the private sector in as short a time horizon as possible then commitment to FPA is fundamental. In this, in terms of Methodology, Solution Architecture and Resource; UL has the experience and expertise to assist.

UL can assist our clients in the strategy, solution design and implementation of integrated Data Management and Financial Predictive Analytic (FPA) platforms. In other words, the UL mission in FPA is the integration of 3rd generation BI (Predictive) environments with standard BI toolsets and the data management platforms normally implemented to support them. We can further assist with the planning and architecture for High Performance Computing (HPC) environments for Predictive Analytics, where these may be necessary (and in our view they will be). UL has further relevant experience with the integration of General Ledger platforms with Risk Management data warehouses or marts and we have the specialist knowledge to integrate FPA tools into the GL environment. In short we can provide the support necessary to assist management to move towards Target Operating Models predicated upon the integration of FPA with the GL and operational BI for Credit, Market and Liquidity Risk analytics, necessary post CC.

We invite you to review our collateral on this website and to contact us immediately if you think we can assist you, we will be delighted to engage with you in an initial discovery discussion.

If you find our concept interesting and think that you could contribute in this field then please send us your CV.