"SAI Innovations compliance portal for Banks, 'Basel 3P' provides a standard, robust and transparent process to document, understand and mitigate operational risk for enterprises. Portal tracks and reports more than 1600 risk factors against the regulations set forth by Basel Committee on Banking Supervision."

November 27, 2008. Singapore - Sai Innovations, a leading collaboration solutions provider on SharePoint platform has announced the release of ‘Basel 3P’, Compliance and Regulatory Portal as part of its ‘SAI SharePoint Workspace’ product offerings. ‘Basel 3P’ is targeted toward SAI Banking clients (Credit Unions and Commercial Banks) will help financial institutions to meet the compliance regulations set by ‘Basel II’ accord. Basel II mandates specific ways of accessing and mitigating operational risks for Banks. The regulation establishes rigorous requirements for Banks to hold capital reserves appropriate to the risk to which they are exposed. ‘Basel 3P’ Portal developed on Microsoft Office SharePoint Server 2007 helps the Banks to better measure and addresses various operational risks throughout the Business Unit, Cost Center and overall Enterprise.

The name 'Basel 3P' implies the "three pillars" of Basel II, which the Portal implements readily, allowing any large financial institutions to comply with national and international regulations. ‘Basel 3P’ provides compliance framework for the Banks to measure, monitor, and review and report operational risks. The Portal can be customized by the Business Users to suit the local regulatory requirements in which the enterprises are based.

‘Basel 3P’ provides a highly scalable framework to collect operational risk data from the various Business Units of the Enterprise. The Portal provides risk and control self-assessment module, allowing the Managers to enter the data using Microsoft InfoPath forms. The data collected are validated against the business rule engine hosted by ‘Basel 3P’. Business Process might include Authorization workflow for certain types of data or LOB data validation taking advantage of MOSS 2007 Business Data Catalog.

Portal will ensure that the data collected is consistent throughout the enterprise, so the final reporting and assessment reveals the various risks at BU level rolled up to Enterprise. This will provide a robust and transparent way of collecting and reporting risk data as required by Basel II accord.

"It is imperative for Basel 3P Portal to provide scalable infrastructure to collect the operational risk data from various business units and compile the data accurately to measure the compliance risk at an enterprise level.”, says Chandra Jeganathan, President of Sai Innovations. “With Basel 3P reporting 1600 risk factors, performance combined with ease of use, for Managers using the system is important for the successful adoption. Comprehensive data mining tool is required to transcend risk at various levels and comprehend at an enterprise level. SharePoint was the perfect platform to develop Basel 3P Portal as it can be implemented and customized at a customer site and operational in less than 3 weeks time. Business Users can manage the Portal and customize the Risk factors and the associated Business Process without any programming knowledge. This fits perfectly with SAI SharePoint Workspace application offering allowing end users to manage collaboration applications. Basel 3P provides these features along with flexible reporting engine allowing users to generate management reports against data cubes created”.

'Basel 3P' provides a powerful framework for Banks to assess operational risks trends and an easier approach to risk mitigation. Portal collects data from various BU and aggregates to present a collective assessment of various Risks defined. Single risk reported by an individual Manager at a BU level might not be serious but multiple risks of same kind aggregated together on an Enterprise level will be of concern.

'Basel 3P' is packed with tools to assess and analyze the data collected. The data collected is exported to external data store using MOSS 2007 BDC functionality. MS SQL 2008 Reporting Services and Excel Services allow data to be fully shared among users. Users can view risk data for individual BU or aggregated across the entire Enterprise. Pre-canned reports for management will provide a rollup of operational data, grouped and sorted to help make determination for current and future compliances.

The risk data is presented in Portal using ‘SAI SharePoint Rollup Web Part’, which provides flexibility for the users to filter, sort, view and analyze the compliance information collected based on business rules defined. The information can also be ‘Mashed Up’ against the regulatory guidelines maintained in external source using ‘SAI SharePoint Data Viewer Web Part’. Measured and calculated risks can be compared against the configured KPI metrics. This can help organizations to define and measure the progress towards stated goal of mitigating the risks. SAI KPI Web Part presents the current state of the organization and assists in the course of action to achieve the regulatory mandatory compliance requirements.

For more information on ‘Basel 3P’ Portal solution, please visit SAI web site at www.sai-innovations.com