We are building a disruptive risk management application
Predixtive is a next-generation, data-driven risk management application that leverages artificial intelligence and advanced analytics to generate risk-based insights that drive strategic and operational decision-making.
Current best practice is “Worse than Useless”
The current best practice approach (Qualitative Risk Assessment using RAG Scales) is “worse than useless”; not only are they a waste of time, but they also add error to unaided intuition”
Tony Cox, Risk Management PhD researcher from MIT.
The Predixtive Risk Platform will integrate multiple risk disciplines
The Predixtive Risk Platform will cover four major risk disciplines: Enterprise Risk Management, Operational Risk Management, Information (Cyber) Risk Management and Financial Risk Management.
Enterprise Risk Management (ERM)
Enterprise Risk Management (ERM) is a structured, organization-wide approach to identifying, assessing, and managing all potential threats and opportunities that could affect an entity's ability to achieve its objectives. It involves coordinated risk strategies across departments, establishes risk appetite boundaries, and integrates risk considerations into strategic decision-making to create sustainable organizational value
Operational Risk Management (ORM)
Operational Risk Management is the systematic process of identifying, assessing, and controlling risks arising from internal processes, people, systems, third parties or external events. It focuses on mitigating potential failures in day-to-day operations through establishing controls, monitoring performance, and implementing preventive measures to minimize disruptions and financial losses while maintaining operational effectiveness.
Information Risk Management (IRM)
Information (Cyber) Risk Management is the structured approach to identifying, assessing, and mitigating threats to digital assets and information systems. It involves implementing security controls, monitoring vulnerabilities, establishing incident response procedures, and aligning security measures with business objectives to protect data confidentiality, integrity, and availability while ensuring regulatory compliance and business continuity.
Financial Risk Management (FRM)
Financial Risk Management is the systematic process of identifying, analyzing, and mitigating monetary uncertainties facing an organization. It encompasses managing market, credit, liquidity, and operational risks through strategies like diversification, hedging, and insurance to protect assets, maintain financial stability, optimize capital allocation, and ensure sustainable growth while meeting regulatory requirements.