Singapore/Hong Kong, 14 November 2019 – Australian analytics company Audeamus Risk has been highly commended in the hotly-contested RegTech category for Big Data & Analytics in the 2nd Regulation Asia Awards for Excellence 2019 at a ceremony in Singapore on 13 November 2019.
In a rigorous selection process involving a judging panel made up of subject-matter experts and the Regulation Asia editorial team, Audeamus Risk was selected to be recognised for its innovative next-generation reporting ready BIAX platform for operational risk resilience. The BIAX platform enables dynamic monitoring of the resilience posture and allows banks and regulators to take immediate corrective action rather than wait for ‘scheduled review periods’, which is commonly the case.
In particular, the solution was highlighted by the judging panel for its ability to express quantified information on real-time operational risk exposures in monetary values, allowing banks and regulators (for the very first time) to have a meaningful negotiation about balance sheet optimisation and capital relief transactions under Basel III.
The platform also enables boards and senior management to understand potential losses banks may experience for a particular timeframe based on alternative courses of action, effectively establishing the basis for forward-looking financial statements – which could potentially offer significant predictive value and dynamic pricing benefits.
Aleksandar Kovacevic, Founder & CEO, Audeamus Risk said: “It is an honour to receive Regulation Asia award, knowing that we are in the middle of the most populous region of the world. It represents a confirmation that the new technology and standards are now enabling return to common-sense and ultimately addressing mispricing of assets and issues relating to objective ESG and CSR reporting. Given that the quality of the data is constantly improving and enabling proper usage of AI, platform represents a quantum leap in improvement of the societal security too. It may also open some new and unanticipated horizons in near future”.
About the Regulation Asia Awards for Excellence 2019
Regulation Asia Awards for Excellence recognises technology companies, legal and consulting firms, and exchanges that have shaped the regulatory landscape in Asia Pacific, as well as outstanding technology projects both in mature and emerging markets by large tech firms and innovative startups that help meet the requirements of a specific regulatory change infrastructure.
For a full list of award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, our audience and subscription base have grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing us to play a key role in the regulatory agenda.
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