Scila Risk™ is a modern risk solution for market participants and operators. It offers a real-time view of position valuations and portfolio risk and lets users drill down calculations all the way to the underlying market data.

Scila Risk™ has been designed to support all types of asset classes, and the instrument library is continuously extended. Scila Risk supports both standardized exchange traded instruments and OTC deals and captures cross effects between standard and OTC trades.

Scila Risk™ lets users set up and monitor limits on all data that is processed or calculated by the system. Users can perform what-if simulations to see the effect of a hypothetical trade, a market shift or a model change. Risk results are continuously validated against observed market changes to identify problems in the risk models.

Scila Risk™ offers a modern web-based graphical user interface that removes the need for locally installed client applications. Scila Risk is built using microservices that communicate using standard technologies, which makes it easy to integrate Scila Risk in an existing environment and re-use existing price models or risk algorithms. The system can be deployed both on-premise or as a hosted solution.

Preventing money laundering and terrorist financing remains a top priority of governments and global financial regulatory bodies. Escalation of these financial crimes has raised the need to comply with an increasingly stringent and complex regulatory climate.

This, in turn, demands effective and precise AML-solutions to facilitate detection for financial institutions to avoid being exposed to illegal activities while at the same time reducing cost of compliance.

Scila AML™ addresses these premises through accurate, automated surveillance which enables analysis and investigation of suspicious transactions and trading misconduct. The solution allows end-users to comply with regulation while detecting and managing fraudulent actions.

Scila AML™ is based on the same core as Scila Surveillance and provides both high-throughput real-time and historical processing of transactions and trade data through refined algorithms, producing AML-specific alerts and case reports for further investigation via fully integrated case management. Furthermore, Scila AML consists of benchmark alert rules that are based either on dynamic type of data, calculated on demand, or based on statistics and historical trends. The user is then able to follow benchmark statistics, take action and visualize through time series view, relationship graph and other tools.

Scila AML™ includes a flexible and configurable alert system which provides the ability to set up specific AML-rules according to the end-user’s explicit preferences and needs. Scila AML consists of AML-specific alert rules, covering specific potential anti-money laundering scenarios, such as high-volume deposits/withdrawals during a certain timeframe as well as private securities transactions. The specific parameters linked to the Scila AML alert rules, for instance check period, risk class, booking type or number of bookings, has the ability to cover multiple scenarios providing a high level of flexibility.

Scila AML™ supports sanction monitoring and sanction screening. It has built-in support for all major sanction lists including the OFAC SDN and EU Sanction list. It also supports the integration of custom sanction, PEP or Terrorist Lists / Data Sources with full support for similarity and fuzzy matching algorithms and custom scoring.

Scila Buy-Side Compliance helps buy-side firms to comply smarter with an agile regulatory landscape.

Scila Buy-Side Compliance™ is a holistic compliance monitoring solution for asset managers, investment firms and buy-side firms that seeks to apply modern technology to obtain a seamless route from early detection of suspicious transactions and insider trading to presentable evidence. The solution covers all asset classes and market models. During 10+ years of delivering market surveillance solutions to the most demanding customers in the world, Scila has vast experience of processing and integrating a wide variety of different types of data. Scila Buy-Side ComplianceTM leverages proven technology to provide a state-of-the-art compliance monitoring solution for buy-side firms.

Scila Buy-Side Compliance™ is an easy-to-manage solution, with a modern web-based user interface, including functionalities ranging from Trade Surveillance to Personal Account Dealing (PAD) and Transaction Cost Analysis (TCA),  creating a full-suite compliance platform. The users have the ability to investigate suspicious market activity, such as Insider Trading, Front Running, Portfolio Pumping, Window Dressing and other misconduct. The solution also comes with a fully integrated case management system. The case management system facilitates full documentation from alert generation to final disposition. Additionally, the Personal Account Dealing-module allows for making preclearance requests prior to execution.

Scila Buy-Side Compliance™ delivers shorter time-to-market, lower total cost-of-ownership and improved user experience. The result is a flexible and highly efficient solution with standardized connectivity protocols, capable of handling a wide variety of data. The system can be deployed both as a cloud-based SaaS option or on-premise.