24 Capital Limited (24 Cap) is in the business of the design, development, and commercial implementation of Enterprise Risk Management (ERM) knowledge graph models, that address the particular risk management challenges faced by regulated Financial Institutions (FI). The models, underlying intellectual property and data sets are proprietary to 24 Cap, and are marketed and promoted under the brand name RISGRA®, which is a Registered Trademark.

The initial use case for RISGRA® models was in regulated Financial Services, specifically banking, insurance and asset management. In practice, RISGRA models have application in any organisation that shares some or all of the following characteristics*:

• large organisation

• regulated

• capital intensive

• complex and often fragmented data landscape, with multiple disparate legacy systems

• operating in context of a deeply inter-connected value chain

• cross-border operations

• reliance on third-party partners for provision strategic capability such as

  • outsourced operational services that are material to regulatory permissions and standards

  • outsourced distribution channels

[ * for example: financial services; agriculture; aviation; automotive; pharmaceutical ]

24 Cap works in collaboration with niche development partners and end user organisations to apply RISGRA® models to address for example:

• counterparty risk in networked supply chains;

• the connecting risks that present at the interface between IFRS general purpose financial reporting, and sustainability-related financial disclosures;

• the complex, non-linear risk transmission pathways & mechanisms, applied in the context of enterprise-wide risk assessment as part of the annual capital adequacy assessment process (FS).

The RISGRA® Enterprise Risk model is:

• a Symbolic (foundational) model;

• based on logical and object-oriented principles, concepts, and constructs;

• a higher-level implementation of a traditional Entity-Relationship Graph model, extended and enhanced to include:

  • nested and chained Relations (hyper-graph),

  • and Rules that surface previously hidden insights through powerful inference.

RISGRA® design principles are aligned with Data Mesh core concepts, sharing the consistent application of Policy with standard structure, to Domains across an organisation.

RISGRA® models

• enable rapid traversal of the full scope Risk Universe and ERM framework of a Regulated organisation;

• sit at the functional interface between Risk, Finance, Compliance and Operations;

• extend across the full ecosystem of the organisation, taking account of both external and internal organisational context, including mapping to a suite of enabling constructs, such as Governance, that operate more widely - beyond the perimeter of the risk domain.

RISGRA® models are designed and built by Risk-domain experts, specifically for use by non-risk practitioners - to enable any colleague or stakeholder in an end user organisation, in real-time, to contextualise and rapidly evaluate multi-faceted risk exposures, in an intuitive, fluid, and collaborative manner. This enables accelerated assimilation and higher quality long-run risk decision making by front-line colleagues.