Eventus Systems provides innovative software solutions that focus on processing and analyzing data throughout our client’s organization in order to facilitate intelligent decision making.
- Provide unbiased and independent insight into the overall health of a firm’s trading enterprise
- Provide a centralized dashboard horizontally across a firms’ front, middle and back office technologies
- Provide key firm stakeholders assurances that policies and supervisory procedures are being followed
Success via Intelligent Data
Advanced run-time reporting and analytics platform
providing a centralized view of trading, operations, surveillance, compliance and risk management
Key Differentiators of Validus
Validus is operating on a runtime basis on reconciled trades.
Validus spans key functional areas regulators are focused on.
Validus is a platform which our customers can leverage the underlying technology to customize for any type of important information they want to alert, analyze and report on.
Being able to run all analytics and reporting off reconciled data between multiple counter parties provides independent validation.
Validus is built upon high performance technology battle tested on millions of messages and can be scaled for any size firm.
Validus is Designed for
PhillipCapital is now a customer of Validus!
Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions announced that Phillip Capital Inc. (“PhillipCapital”) is a client of its Validus risk and surveillance platform.read more
Titan Regulation and Eventus Systems Announce Strategic Partnership
Real-time analytics and risk mitigation system enhances the precision of audit services and reduces compliance costs and risksread more
MayStreet Announces Client/Partnership Agreement with Eventus Systems
MayStreet, a specialist in market-access and data analytics software for capital markets, announced today a joint client/partnership agreement with Eventus Systems, Inc., an Austin, Texas-based fintech/regtech firm that has developed Validus, an enterprise-grade surveillance and risk-software platform.read more
PDQ ATS Enhances Risk Surveillance Capabilities with Eventus Platform
Eventus Systems, Inc. (“Eventus”), a software provider focused on providing real-time holistic risk management capabilities to capital markets, has been selected by PDQ ATS, Inc. (“PDQ ATS”), an independent alternative trading system that provides customized execution and unique liquidity generation for equity market participants, to enhance the risk management and surveillance components of its trading marketread more
UBS Signs with Eventus for Risk and Surveillance Platform
Eventus Systems, Inc. (“Eventus”), a provider of innovative software solutions focused on processing and analyzing large data across an organization, announced that UBS Securities LLC (“UBS”) is now a client of its Validus risk and surveillance platform.read more
FINRA Cross-Market Equity Report Card Made Easy
Imagine for a moment that the FBI sent you a letter telling you that it had looked through all of your digital activity over the last month and it spotted some things that might indicate potentially illegal behavior by someone in your house. Included with the letter are dozens of pages with a recommendation for you to review it and address the suspicious items. How you go about doing that is up to you.read more
How can we help? – Disrupting the Regulatory Industry
I recently rehashed an old idea of mine as I was reading Chris Skinner’s post “Real-time connections between regulators and banks is a game-changer.” If a financial regulatory body (like FINRA or ESMA for instance) was being created today, how could it be different?read more
BCBS 239 and Enterprise Risk Management
- BCBS 239 4 Key Topics and 14 High-Level Principals
- Risk Aggregation and Reporting
- Industry expert highlights the need for reconciling disparate systems across the enterprise.
- Enterprise at Risk: Trust is the New Alpha
|Overarching governance & infrastructure||
Risk data aggregation capabilities and risk reporting practices should be subject to strong governance arrangements consistent with other principles and guidance established by the Basel Committee.
2. Data architecture and IT infrastructure
Data architecture and IT infrastructure should be designed, built and maintained to fully support risk data aggregation capabilities and risk reporting practices not only in normal times but also during times of stress or crisis.
|Risk data aggregation capabilities||
3. Accuracy and integrity
A bank should be able to generate accurate and reliable risk data to meet normal and stress/crisis reporting accuracy requirements. Data should be aggregated on a largely automated basis so as to minimize errors.
A bank should be able to capture and aggregate all material risk data. Data should be available by business, legal entity, asset type, industry, region and other groupings, permitting identification of concentrations and emerging risks.
A bank should generate aggregate and up-to-date data in a timely manner. The timing will depend upon the nature and potential volatility of risks, and its criticality to the overall risk profile of the bank in normal and stress conditions.
A bank should be able to generate aggregate risk data to meet a broad range of on-demand, ad hoc risk management reporting requests, including requests during crises and requests to meet supervisory queries.
|Risk reporting practices||
Risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated.
Risk management reports should cover all material risk areas. The depth and scope of these reports should be consistent with the size and complexity of the bank’s operations and risk profile, and the requirements of recipients.
9. Clarity and usefulness
Reports should communicate information in a clear and concise manner. They should be easy to understand yet comprehensive enough to facilitate decision- making, including information tailored to the needs of recipients.
The board, senior management, and other recipients should set the frequency of report production and distribution. Frequency requirements should reflect their needs, the nature of risks, and the speed at which risks can change.
Risk management reports should be distributed to the relevant parties while ensuring confidentiality is maintained.
|Supervisory review, tools & cooperation||
Note: Principles 12, 13, and 14 apply to National Supervisors. Supervisors should periodically review and evaluate a bank’s compliance with the eleven principles above. They should have and use the appropriate tools and resources to require effective and timely remedial action by a bank to address deficiencies in its risk data aggregation capabilities and risk reporting practices. They should cooperate with relevant supervisors in other jurisdictions regarding the supervision and review of the principles, and the implementation of any remedial action if necessary.