Kamakura Corporation: The Fully Integrated Risk Manager
Dr. Clement Ooi, EVP & MD, Asia Pacific Operations
To protect organizations against adverse events, the financial sector is rapidly adopting advanced enterprise risk management (ERM) capabilities, transforming risk management from a quantitative, compliance-driven function to a sophisticated operation that drives decisions at the highest level.
Despite these advances, it remains tough for organizations to find the kind of comprehensive risk management solution they need.
“In today’s market, it’s really difficult to find a vendor offering a truly integrated solution with a common function and common data dictionary that can be shared across all aspects of risk management,” said Dr. Clement Ooi, Executive Vice President and Managing Director of Asia Pacific Operations for Kamakura Corporation. “Kamakura’s standout risk software works for banking, trading book, and fee-based services, and it also calculates cash flow at the account level. In the right hands, market data and macro data can both be used to perform liquidity analysis more efficiently,” he added.
With decades of experience in risk management information, software, education, and consulting, Kamakura provides a highly advanced, integrated, end-to-end system for managing credit risk, market risk, liquidity risk, and asset-liability management. Used by managers, directors, shareholders, and regulators, Kamakura’s software reveals an accurate and comprehensive view of total financial risk and provides organizations the tools to manage it.
Kamakura’s standout risk software works for banking, trading book, and fee-based services, and it also calculates cash flow at the account level
In addition to measuring credit risk, market risk, and liquidity risk, the solution monitors Credit Valuation Adjustment (CVA), Standardized Approach for measuring Counterparty Credit Risk (SA-CCR), and Fundamental Review of the Trading Book CVA (FRTB CVA), SIMM, as well as interest rate on banking book (IRRBB), funds transfer pricing, IFRS 9, and capital management.
Kamakura’s all-in-one software works for banking, trading book, and fee-based services. Unlike competitors, it also calculates cash flow at the account level, making it invaluable to financial managers.
Most software vendors lack a comprehensive data dictionary and full product coverage,” states Dr. Ooi. Walking the tightrope of regulations, banks struggle with a fragmented data architecture, wasting time and money. Kamakura solves the problem by providing a single platform for comprehensive ERM that includes the bank’s preferred databases, an ETL data integration system, and easy-to-use reporting tools.
Kamakura also provides the Kamakura Risk Information Service (KRIS), a set of state-of-the-art default probability models for public firms, non-public firms, and sovereigns around the world. KRIS includes the Kamakura Troubled Company Index, which provides a daily measure of global credit quality based on the aggregate level of default probabilities.
Since opening its doors in 1990, Kamakura has been a game changer for leading organizations across the globe, especially in banking. RHB Bank Malaysia, Bank Islam Malaysia, E. Sun Bank Taiwan, RakBank UAE, and many others have benefitted from its offerings. Today, Kamakura operates in 34 countries and serves more than 200 clients who manage from $1.5 billion to $1.6 trillion in assets. The company’s diverse team of experts includes economists, researchers, financial managers, and IT specialists.
Kamakura’s core focus is helping small and medium-sized institutions tackle stackle liquidity and compliance challenges. Its global practice extends to Taiwan, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and UAE, as well as Europe and the U.S. Kamakura’s near-term goals include expanding into the asset management and insurance industries. Never content to rest on current success, the company’s leaders constantly strive to augment their offerings with innovations based on the latest research.