Ensure centralized management of company limits with Diasoft’s Limit Management tools

March 17, 2023

Diasoft’s Limit Management solution automates management of limits and is used for overall control of the limit policy of a financial institution. It is a standalone product built on the microservice architecture. It can be integrated with any bank IT solution and allows collecting data from external data sources. The product is part of the platform Digital Q.Risk&Compliance.

Limits are used to manage various products and processes of financial institutions. It often happens that limit rules are created separately for each business unit in different IT systems. In this situation, it is difficult to support common algorithms for setup and effective overall control of company limits. Diasoft’s Limit Management ensures centralized setup and management of different types of limits and helps to reduce operational and financial risks.

The product provides multiple options for flexible setup of limits. They can be defined by goals, control objects, terms, business units, customer groups and other parameters. The product toolkit supports flexible hierarchies and structures of limit rules and allows selecting specific strategies and means of control at each level.

Diasoft’s Limit Management ensures automatic online control and post-control of limits. If there is a need to exceed some limit, this action should be accepted by a bank employee with the help of the respective product feature. The solution also allows reserving limits for planned transactions. With this function, the user can enter the amount of the future transaction beforehand so that it would not exceed the total limit.

The Limit Management solution integrates analytical tools of the Digital Q.Sensor platform used for monitoring of business processes and creation of analytical dashboards. This allows consolidating information on different limit categories for auditing and comprehensive control of limit rules.