It is nearly 40 years since Microsoft revolutionised business modelling with the introduction of Excel. Since then, just about every human organisation has adopted Excel as it’s go-to modelling platform. So much so that we now have global financial institutions... Read more
The recent Advanced Model Risk Management conference highlighted that the upcoming PRA rules based on the CP6/22 Principles will increase the number of spreadsheets considered as models and will also increase regulations for smaller banking organisations. How ready are you... Read more
In today’s business landscape, particularly Financial Services, Energy Trading, and Insurance, volatility has become the norm, and changing business requirements, a constant challenge. Business users rely heavily on Excel to manage their mission-critical models and data in an agile way.... Read more
When faced with the limitations and challenges of complex, mission-critical Excel spreadsheets, businesses often consider rewriting them in a programming language such as Python. In part one of this insight series, we’ll explore using Schematiq as an alternative to rewriting... Read more
A leading European Energy supplier needed to bring control and scale to its Excel estate as a result of over-reliance on Excel for mission-critical business processes, particularly across Trading, Risk and Finance. Before Schematiq, the client’s trading desks was limited... Read more
Schematiq removes the limitations of Excel, empowering business users (‘citizen developers’) to create connected, agile workbooks without the reliance on VBA or IT change requests. These models can be scaled by utilising Schematiq’s cloud-based platform, allowing models to be called... Read more
Schematiq removes the limitations of Excel, empowering business users (‘citizen developers’) to create connected, agile workbooks without the reliance on VBA or IT change requests. These models can be scaled by utilising Schematiq’s cloud-based platform, allowing models to be called... Read more
Many banks and financial institutions use Excel across financial reporting, operational controls and risk management mainly because it is a simple, convenient and agile tool available on every business user’s desktop. However, the use of Excel does introduce operational risks... Read more
Stress testing with Excel? Use Schematiq for greater control and faster results! Many banks rely on Excel for Stress Testing as it provides a simple, convenient way to run models and consolidate results across the organisation for flexible report configuration.... Read more
Over the past 15 years regulators world-wide have been looking to strengthen the controls on Model Risk Management, with the Federal Reserve passing its guidance SR11-7 in the US in 2011. Building on this, the UK’s Prudential Regulation Authority (PRA)... Read more