Russian Bank Rolls Out New Risk Management System
The domestically developed platform is designed to enhance transaction security and optimize complex financial deals for clients.
VTB Bank has transitioned to a Russian-built risk management system, the organization’s press service said. The technology is intended to help clients secure more favorable terms in transactions involving complex financial instruments. It analyzes multiple scenarios of market-factor changes and forecasts potential outcomes for each deal.
The bank said the platform is an entirely in-house development that enables it to offer innovative tools to clients while strengthening the resilience of the country’s financial system.
Faster and More Accurate
The system will eventually expand to assess risks across additional types of operations and respond more quickly to user requests. According to the bank, risk calculations have already become twice as fast, and the evaluation methodology has grown more comprehensive. Technological investments, the bank said, are translating into economic advantages across the organization.
