Osprey Bank Risk
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Transcript of Osprey Bank Risk
Osprey
About Osprey
TechSMART has developed eMite Analytics, a real time Dashboard solution with a data engine that integrates, correlates and reports in real time on large volumes of data from disparate sources.Using eMite as a platform, TechSMART has created Osprey to manage and report on the risks associated with the physical protection of bank branches and ATM’s.
About Physical Risk
Financial Institutions face many physical risks in managing branches and ATM’sOver time, the methods of fraud have changed with physical riskThe cost of managing physical risk and the manual means by which this is measured is creating additional risk in itself
The Problem
As methods of fraud have grown with technology, banks have created a sophisticated sets of data to measure the factors of risk. These include;● Risk assessment spreadsheets● Large directories of photograph’s● Asset tools for individual locations● Event entry and management solutions
Data is not easily accessibleRisk assessments are not able to be made in near real-time.Risk analysis methods are increasing the factor of risk itself.
Markets
Banking Sector● Branch and ATM Facilities
Government● Publicly Accessed and Corporate Offices
Retail● Shops
About eMite for Risk
eMite Analytics is a hybrid data analysis solution capable of;● Extracting data from various sources in
multiple formats● Correlating the data into a single source of
truth● Converting data into information● Reporting on physical risk of multiple facilities● Reducing Risk in managing physical facilities.
One Solution Set
Data Base
Physical Risk Assessment andManagement
Solution
Trend, Predict
Processed data
Thresholds, KPI’s, SLA’s
Raw Data
Map to Business
Dashboard
Set Risk
Osprey provides an application that allows for the physical assessment and monitoring of facility security.Initial risk assessment determines the security that is required in any facility to meet the minimum risk requirements of an organisation.
Assess
Facilities are assessed for the security that is implemented within each locationComponents are assessed as being compliant or non-compliant according to internal risk standards.
Assess
Areas for Assessment include● CCTV
● Type/Number/etc● Security Guards
● Required, armed, etc● Physical location
● Inside Shopping Centre, Street Facing● Proximity to Police/Hotel/Park● Number of Entrances
● Amount of Cash held● In safe, In ATM,
● Alarm Systems● Internal Security
● Rising Screens● Under counter alarms● Locked Cash Draws
Calculate
Risk levels are calculated for each facilityFacilities are then assessed according to their level of risk.
Correlate
Osprey correlates all data to determine if there is a trend across all facilities.Any automation to systems is createdData is turned into information
Present
eMite provides various dashboards (presentation layers) that are configured for the different management layers.● High Level geographic
Dashboard● Facility manager view● etc
Analyze
Osprey provides various analytical functions that deliver high end benefits to users.● Correlation analysis shows
where one metric may be impacting the risk assessment of many facilities
● Alert analysis pin-points where the majority of problems occur.
Benefits
Facilities have many components that make up its risk rating● Managing those components and their incidents is
handled via a Web Based interface.Centralises Reporting● Rating components reside in various different
locations including databases, spreadsheets and log files
Single Source of Truth● Multiple data feeds means duplication of data
Automated Assessment● Predefined and calculated rules automatically update
facility risk assessment.
ROI
ROI through decrease in staffReduced insurance premiums through better risk managementBetter reporting compliance to standards such as Sarbanes
Benefits
A central incident management system records all incidents of any type across the bank into a single systemAs incidents are entered, appropriate staff are warned and re-assessment of risk occurs automatically
Incident Management Facility
Web based accessTrend and analysis reports automatically changed as alerts are reported.Reports with all key metrics and trends automatically generatedPaper based reports also generated for distribution to management.
Incident ManagementIncident Management Data Entry
Osprey Dashboard
Map based dashboard that integrates with Google MapsAutomatically Highlights any ATM or branch that breaches risk compliance.
Osprey Dashboard
Osprey Dashboard
Osprey Dashboard
Osprey Dashboard
Osprey Dashboard
Osprey Dashboard
Osprey Dashboard
Osprey Trending
Reporting