Financial Engineering Solutions

"Opti-Num Solutions supported our Operational Risk model to ensure RDARR compliance."

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The Challenge
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The Results
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Opti-Num helps the Financial Crime and Operational Risk Analytics Department achieve their RDARR Compliance

"Opti-Num Solutions supported our Operational Risk model to ensure RDARR compliance. Opti-Num’s consulting services drove the risk model to be more compliant by improving data lineage, reproducibility and auditability of the model."

They did this by improving:

1. Data integrity (by retrieving input data from an SQL database and returning output data back to a database)
2. Data management and security (by introducing stage, dependency and credential management to the model).
3. Data validation (by introducing seed mapping to ensure repeatable testing)."

“I’m grateful for Opti-Num Solutions’ mind-set and attitude towards our project, they are especially helpful in grasping technical aspects (databases, ODS, etc.) that fell beyond my grasp. Although there were implementation delays outside of their control, Opti-Num took the initiative to find a temporary alternative with SQLite, which ensured that there were no project delays from their side. Nearly all the changes we anticipated have been addressed. All that we initially agreed to do has been done on time and within budget – actually they did more that we’d initially agreed depending on priority and need.”

Tibusiso Magagula,

Division Head: Financial Crime and Operational Risk Analytics, Nedbank.

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