Risk Management

Organizations, in a dynamic environment, face situations of uncertainty and risk. When external and internal risk factors are not properly handled, they may damage the stability and profitability of the organization. For the purpose of early detection and prevention of organization risks, a comprehensive solution for risk management is required. Such solution must include: risk management policy, systems handling, measurement, current management and control. In the banking system, for instance, the instructions of "Basel II" points out risk management guidelines. These guidelines define the minimal requirements, in banks and financial institutions, for implementation of a complete internal risk control system.

Nimanix provides with an on-line platform that supports in assessing and managing risks, while identifying trends and improving the control over the organization processes and forecasts. The platform is based on the knowledge and the analysis capabilities of the organization staff. It enables new information immediate processing, and provides with quantitative indication, in terms of risk assessment at any single moment.

The information and knowledge, gathered by the Nimanix platform, is, in other cases, lost in the organization, since it, usually, does not reach higher levels of management, who deal with risk management or decision making. The reason is lack of organizational direct, immediate, anonymous and quantitative platform in which warning signs and risk assessments may be raised. Furthermore, the organization staff may not initiate a discussion regarding risks and concerns as it might be afraid from disagreement with managerial level, hence, may choose to share only fraction of its information.

The Nimanix platform enables to indicate or predict future risks, such as: credit risks, operational risks, market risks. It gathers risks and chances, based on opinions and data, and present it in a quantitative form. A large group of employees may use it in order to share knowledge about risks, without human interference or group influence.

The platform enables to efficiently exchange knowledge between different layers in the organization, by exchanging opinions that support one risk or another. Each opinion has its own price. A demand for an opinion will result in its price increase. The risk prediction is derived from prices of relevant opinions.

Another advantage of a risk prediction using the platform is the ability to allocate different weights to different staff members, internal or external, based on the members' knowledge and past performance. Each member weight is taken into consideration during the prediction generation.