NeoXam’s DataHub Recognised for Risk Factor & Stress Test Data Management Capabilities

NeoXam has been awarded Best Solution in Risk Data Integrity and Modelling in the 5th Regulation Asia Awards for Excellence 2022 at an in-person ceremony on 22 November 2022.

NeoXam was recognised for its DataHub solution, an enterprise data management suite that enables firms to reliably manage reference and market data flows required in multiple use cases, including to facilitate risk factor modelling, scenario building, and stress-testing by financial institutions. One major bank call NeoXam as a “truly neutral solution provider”, for DataHub’s ability to connect to any data provider upstream and ingest market data in centralised hub, as well as integrate with major treasury and risk management platforms downstream. The solution’s robust data quality controls also ensure firms only use golden copy data consistently throughout all their downstream official EOD valuation procedures, operations, risk systems and stress tests. For market and counterparty credit risk, DataHub harmonises, standardises, classifies and validates data; backfills historical market data; and automates risk factor bucketing for stress scenarios, which eliminates the need for manual mapping.

“DataHub is a very nimble and flexible solution, and its end-to-end processes are fully automated, including scenario generation and stress test workflows,” highlighted one judge on Regulation Asia’s judging panel. “It allows firms to pre-configure all their stress tests and have them run automatically on a daily basis, with certainty that the data being used is complete and accurate.”

DataHub is being used by major financial institutions to comply with various complex regulatory requirements, including ICAAP requirements, FRTB (SA and IMA), and Singapore’s annual IWST (Industrywide Stress Test) exercise.

About the Regulation Asia Awards for Excellence 2022

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Press release by Regulation Asia.
Singapore/Hong Kong, 22 November 2022

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