Business and risk have always been seen to go hand-in-hand and the need for banks to strengthen their risk management framework is vital. Exposing the true risk profile to the users has been a challenging business problem due to multiple data sources and differences in operational processes and metric definitions.
To mitigate this situation, a financial institution should provide a holistic view of the risks faced by the organization at any point in time. When up-to-date information on risks can be analyzed and put at the users fingertips, firms will inevitably find it easier to maximize profit AND reduce risk.