BCBS239 explicitly challenges the silo driven structure of banks today with clear requirements to bring a holistic enterprise understanding of risk data, risk data aggregation & reporting. Holistic refers to both the understanding, which must span many disciplines, and to the community, where business, IT and Risk functions need to collaborate to bring consistency and control across the data life cycle. The Axon BCBS239 Software is a new breed of software that allows you to build up and govern an integrated view of the firm and its core assets.
Have sight of the assets that are core to your risk reporting: data, systems, processes, policies, rules, people, roles, legal entities etc.
Understand how those assets hang together and interact especially those manual and EUC based interactions.
The BCBS239 regulator does not demand a perfect data landscape nor that the reporting process is fully automated and exception free, it demands banks to drastically increase the level of understanding and control end-to-end. This requires the many data, IT and business functions and disciplines to work together far more effectively. Being lined up needs to be the norm not the exception if we want to structurally improve as part of a continuous process. The Diaku Axon BCBS239 Software allows you to progressively build up an integrated understanding not only of your core risk data items, their lineage and quality but equally of data usage in terms of reports, processes, legal entities, products, jurisdictions etc.