Blog
Symphony celebrates industry recognition
See what makes Cloud9 standout in the financial services industry. In this interview between Symphony’s Michael Lynch and WatersTechnology’s Victor Anderson.
August 23, 2024
Quantifying Supply Chain Risk
- Samuel Leavitt
- Case Studies
Interested in learning more?
Automatically surface emerging risks across financial, operational and sustainability factors.
Challenge
The Third-Party Risk Management team from a large corporation was tasked with understanding the risk exposure of their suppliers created by the COVID-19 pandemic.
Solution
Symphony Insights Platform’s team created a customized NLP model to identify any news story about the impact of COVID-19 on any of 1,200 suppliers to the corporation – turning extracted data into analytic dashboards, and enabling real-time email alerts for emerging risks.
The NLP model automatically surfaced risks according to three distinct categories:
- Financial: Business Factors; Business Commentary; M&A; Guidance: Deals: Employement
- Sustainability: Climate Risk; Pollution Management; Diversity & Inclusion; Reputational Profile; Product Quality
- Operational: Cyber; Product Liability; Legal; Technology; Pandemic
Outcome
- Creation of an effective enterprise risk management system.
- Actionable and accurate business intelligence in real-time from various data sources.
- Filtering the noise and separating meaningful insight from a sea of volatility.
Interested in learning more?
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