Rhisco: Providing Robust Counter measures Against Financial & Regulatory Risks

Follow Rhisco on :

Luis Aguirre, CEO, Fernando Boyoli, CTO and Elizabeth Marvan, President
Innovation, production, and customer service; focusing all efforts on these three aspects of business promises the success of a company,” says Luis Aguirre, CEO of Rhisco, a leading risk management solutions provider. Upholding this very philosophy, Rhisco has been one among the forerunners advocating for a digital-first ecosystem with over ten years of experience in digital transformation initiatives. Relatively, as Rhisco continued to evolve, it witnessed a dearth of digitalized workflows constituting to inefficiency among businesses. Such IT architectures lack scalability, and according to Elizabeth Marvan, President of Rhisco, can result in an undesirable impact on the business’s bottom line. In order to help banking organizations overcome these hurdles, Rhisco offers a wide array of robust financial risk, compliance, and data science solutions that effectuate a successful digital transformation.

Having witnessed the impact of technology in banks over the past decade, Rhisco places a strong emphasis on innovation, research and development, production, and customer service. The company invests greatly in its product development to effectively deliver fit-for-purpose, fully integrated production-ready solutions that steer its clientele toward a risk-managed, compliant business model. “We realized that simple consultation and advisory services would not help companies and asked ourselves, ‘how can we provide clients the complete solution?’,” states Aguirre. To that end, the company designed and developed TEGRA, a comprehensive enterprise fintech data management, integration, and aggregation platform that addresses risk and capital needs.

TEGRA supports financial companies with multiple quantitative analyses and allows them to manage their data in a dynamic manner while conforming to various regulatory guidelines like FRTB and the Solvency 2 directive. Rhisco’s highly scalable solution keeps a client’s data transparent and ensures improved communication among business and technology teams within an organization. “TEGRA is flexible and highly scalable. Clients can sandbox new ideas, comfortably conduct rules-based risk assessments, and generate reports in industry-standard formats,” adds Aguirre. The solution is designed to integrate seamlessly with a client’s existing IT systems and can be installed onsite with minimal downtime.
“TEGRA is designed in layers for increased security, where it can be deployed both in cloud environments or on-premise,” states Elizabeth. Rhisco ensured to embed the solution with adequate identity management capabilities like permissions and profiling controls within the solution.

Rhisco strongly believes in the potential of artificial intelligence in the areas of compliance and regulatory changes. To that end, the company developed its web-based regtech solution: AllGood.ai to simplify a bank’s workflow when managing regulatory changes such as IFRS 9 and IFRS 17. It significantly accelerates the performance of a client’s compliance teams and democratizes regulatory expertise across the institution. AllGood.ai automates much of the manual work in a firm, releasing time for analysis and decision making. Leveraging natural language processing libraries, the software is trained to identify a bank’s obligations and curate a regulatory map to streamline compliance processes.

The company’s ethos around customer service further fuels the intuitiveness of its solutions, where clients experience 24/7 assistance in the areas of financial risk, security, and compliance management. “TEGRA’s security layer tracks every operation and all attempts to access or transform data; we filter and manage any incoming request by the client,” explains Fernando Boyoli, CTO of Rhisco. The company’s AllGood.ai solution leverages this security protocol and follows ISO 20000 guidelines for service management and 27000 for security purposes. Rhisco’s multi-tenant application is built to fortify a user’s privacy; it maintains two different underlying databases for multiple clients. “Rhisco is built on commitment, excellence, and passion; these values help us focus on making sure we follow a ‘test-soon’ approach before a ‘fail-soon’ for successful product delivery,” adds Elizabeth.

With such resourceful features in their solutions, Rhisco leads the Latin American financial industry toward a secure, well-planned future that actively combats various threats and risks. Moving forward, the company intends to leverage AI technology and strengthen its automation capabilities, continue its R&D investments, and charter strategic partnerships with industry-leading enterprises. Broadening their outreach by moving toward Brazil, Rhisco will become a B2C company while serving its B2B clients as well.

Company
Rhisco

Headquarters
London, and strong presence in Mexico City

Management
Luis Aguirre, CEO, Fernando Boyoli, CTO and Elizabeth Marvan, President

Description
Rhisco houses a team of specialists that deliver complex risk management and capital optimization projects. The company provides services and technology solutions in risk, governance, control, and capital management. Having witnessed the impact of technology in financial companies over the past decade, Rhisco places a strong emphasis on innovation, research and development, production, and customer service. The company invests greatly in its solutions and effectively steers the clientele toward a risk-managed, compliant business model. As a fintech solution provider, Rhisco supports financial companies with multiple quantitative analyses and allows them to manage their data in a dynamic manner while conforming to various regulatory guidelines like IFRS, FRTB and the Solvency 2 directive

Rhisco