Empowering Financial Institutions with Advanced Risk Research
Elseware have been Leading the way in innovative risk modeling and consultancy for over 20 years.
Elseware have been Leading the way in innovative risk modeling and consultancy for over 20 years.
At Elseware, we specialise in pioneering applied risk research and financial risk management to help institutions navigate uncertainty with confidence. Our unique XOI methodology and advanced MSTAR tools provide comprehensive risk assessment solutions tailored to your needs. Learn more about our key services below.
Innovative XOI (Exposure, Occurrence, Impact) method for data-driven operational risk assessment
Cutting-edge research in risk management, including cyber and climate risk modeling.
Expert risk consulting services to help you navigate complex regulatory and operational challenges
At Elseware, we offer unparalleled expertise and innovative solutions to help you navigate the complexities of risk management. Here’s why partnering with us is a smart choice:
With over 20 years of experience in risk assessment and modeling, Elseware’s highly qualified team offer unparalleled expertise and innovative solutions for risk mitigation and regulatory compliance
Our unique XOI methodology and advanced MSTAR tools provide cutting-edge solutions tailored to your needs.
We have successfully collaborated with major financial institutions worldwide, helping them achieve regulatory compliance and operational excellence.
We offer flexible consulting services and bespoke risk management tools designed to meet your specific requirements.
Our rigorous research and dedication to quality ensure that you receive the best possible support and insights
"The XOI method is the most comprehensive quantitative and analytical framework that I have encountered for the identification, assessment and management of Operational Risk. I have employed it for five years and found it both usable and effective. I recommend this book as essential reading for senior risk managers."
"The XOI approach was a 'Eureka!' moment in my journey on operational risk. Coming from a market risk background, I had the impression that beyond the definition of operational risk, it was difficult to find a book that described a coherent framework for measuring and managing operational risk.”
"The XOI approach measures operational risk by identifying and quantifying key loss drivers in business terms, not risk management jargon. It can be used for risk appetite setting and monitoring. I strongly believe the XOI approach has the potential to become an industry standard."
"The key benefits of the XOI method are to provide an approach to understand, manage and quantify risks and, at the same time, to provide a robust framework for capital modeling. Thanks to this method, we have been able to demonstrate the business benefits of operational risk management."
"The XOI methodology provides a structured, robust, forward-looking, and easy-to-understand approach for modeling operational risk scenarios. This book offers practical guidance on how risk managers, risk modellers, and scenario owners can collaborate to model operational risk scenarios consistently."
We believe that there is huge merit for the use of structured scenarios for operational risk management."
Conclusion of the Exploring Risk Exposure Methodologies summary report, March 2021.
At Elseware, we offer unparalleled expertise and innovative solutions to help you navigate the complexities of risk management. Here’s why partnering with us is a smart choice:
This month let's explore the quantification of this scenario through a wizard and what-if simulations, plus a sneak peek at the concept of the Exposure Table.
This month, the "MSTAR Bank" board discusses the "Anti-competitive and manipulative practices" scenario, covering cases such as LIBOR or FX cartel.
In the XOI methodology, a scenario is analyzed by identifying the resources exposed to an event, their degree of vulnerability to that event, and the factors and circumstances that can affect the cost of that event if it hits one of the exposed units.
Contact us to learn more about how we can help you and your business.