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Between March 19th and 22nd of this year, the IBM “Think 2018” annual international conference was held in Las Vegas, United States. This conference seeks to present in a single location, the experience in the use of the various technological tools that it makes available to the market, but from the actual experience of its own clients.

Success story in DCV’s risk methodology

Mario Leiva, Chief Risk Officer of DCV, had an important participation in this meeting. He was in charge of the lecture where he presented the experience in the implementation and use of the tool called OpenPage GRC, applied to measure variables of corporate governance, risk and compliance with the rules governing the company.

During his presentation, the company’s representative provided details on DCV’s experience in the use of this software. DCV is the first case at the regional level where it has been successfully applied and used.

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“DCV BEGAN WORKING ON RISK METHODOLOGY IN 2008, THE YEAR IN WHICH THE AREA WAS CREATED, INDEPENDENTLY OF THE APPLICATION AND USE OF THIS SOFTWARE TOOL. I.E., THE RISK METHODOLOGY IS INDEPENDENT OF THE TOOL. HENCE, GIVEN THE LEVEL OF MATURITY THAT WE HAVE ACHIEVED AND THE NEW INFORMATION REQUIREMENTS GENERATED BY DCV’S SENIOR MANAGEMENT, WE HAD TO MIGRATE TO A GRC TOOL, WHICH WE DID BY THE END OF 2012, AFTER 8 MONTHS OF WORK OF THE OPERATIONAL RISK MANAGEMENT”, EXPLAINED MARIO LEIVA

In his opinion, being one of the world’s most important success stories in the implementation of this technology is related principally to the strength of DCV’s corporate governance and to its ductile structure. Since it is a “small” company, with no more than 250 employees, it is able to adapt and modify its processes and organizational culture with greater flexibility.

He explained that many people attended his lecture, since various companies are interested in the successful use of this GRC technology, especially financial companies, whose representatives asked questions about its practical application, potential obstacles and its benefits. “Most representatives of these companies spoke English, while a smaller percentage of the attendees were Latino, and they were all very interested in our experience”, he added.

DCV’s Chief Risk Officer also exemplified, in simple words, what this application is for: “It’s as if an application allowed for a pedestrian to view all risks of taking one route over the other, or of crossing at a red light, allowing him or her to make decisions. I.e., the OpenPage GRC tool allows us to project the potential risks of changing an internal policy, a specific process or the implemented controls, so that the company can make better decisions with the best information available.”

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After the lecture, Mario Leiva also participated in the working group that analyzed and discussed the use and potential application of other tools similar to GRC, and he said that these instances are very valuable to get to know other experiences and ways of implementing this type of equipment.

Think 2018: A Journey to the Cloud and Artificial Intelligence

During the IBM conference, other important panels also addressed the application of other new technologies that can be applied in different industries, as well as in companies that are part of the financial market, such as Blockchain, Watson Analytics, DevOps, among others.

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DCV’s success story was narrated in a document published by IBM in 2014.

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