Operational Risk, Quantified
Cardinal helps financial institutions measure and manage operational risk in a structured, data-driven way. By combining AI, simulations, and market-based insights, it helps reduce costs, lower capital requirements, and minimize regulatory risk.
Operational Risk, Quantified
Cardinal helps financial institutions measure and manage operational risk in a structured, data-driven way. By combining AI, simulations, and market-based insights, it helps reduce costs, lower capital requirements, and minimize regulatory risk.
Reduced losses
Our precise measurements help you avoid bad outcomes and make better decisions.
Control Effectiveness
Controls cost money. We measure how effective they are so you can spend less while staying secure.
Improved risk culture
No more tedious workshops. Our measurement allows you to focus on the risks that are actually important
Freed up capital
With precise measurements you don’t need to be conservative in your buffers
P2R Reduction
Cardinal helps financial institutions measure and manage operational risk in a structured, data-driven way. By combining prediction markets, AI simulations, and advanced modelling, we help reduce costs, lower capital requirements, and minimize regulatory risk.
What we offer
Best practice risk assessment end-to-end
If you’d like to learn more about our process and how it works, feel free to book a demo meeting.
Analyze | Data ingestion and analysis
01
Our software serves as the central hub where we collect your risk and control data for initial analysis. This connects the dots between risks, controls, incidents, processes, and documents
Clean | Risk data preparation
02
We impose best practice structure on the risk data. We meld risks into bow-tie form, perform blindspot analysis on risks and controls, and harmonize all the data along a common taxonomy.
Quantify | Quantitative measurement
03
Each risk is measured on a ratio scale with probabilities and loss-severity curves. Modelling and simulation leads to quantified expected losses and enables risk appetite and risk limit decisions on a line by line basis.
Report | Dashboards and reports
04
Instead of heat map driven guesses, we measure how much expected loss (and tail risk) each control actually reduces in monetary terms. This enables simple “risk reduction per EUR comparisons that maximise impact within a given budget.
Our method
Cardinals method for Quantification
Pairwise Comparisons
We compare risks in pairs to identify which is more likely or has the more severe consequence.
Prediction Markets
Each comparison becomes its own prediction market, populated by a swarm of AI super forecasters
AI
Statistical modeling
We analyze all data to generate the final ratio scale across all risks.
Security
We take security seriously
The Cardinal platform is a self monitoring and self healing system that is provably compliant at all times
Aligned with SOC 2 requirements
Our system self regulates to be compliant with all SOC 2 requirements
Local or Cloud compute
The platform can be deployed on local metal or on your preferred cloud
GDPR & DORA
Our system self regulates to be compliant with all privacy and resilience requirements
Industries
Cardinal helps actors on both the institution side and on the regulator side. Our technology enables a holistic overview of operational risks which provides the foundation for a safer and more stable financial system.
Bank
We help banks of all sizes achieve state of the art risk quantification, allowing them to significantly lower their P2R and thereby freeing up significant capital.
Regulators
Our risk measurement technology helps regulators arrive at a holistic Pillar 2 requirement through quantitative risk-by-risk breakdown.
Payment Providers
We help payment providers identify and mitigate operational risks in real-time. Optimize capital, ensure compliance, and enhance business continuity.
Set your capital free
To see if your financial institution qualifies, submit your info here.