Best in-house risk data initiative: EFG Bank

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EFG Bank received acclaim for its innovative Digital Risk Pilot platform, which unifies risk data, enhances analytics and reporting, and empowers decision-makers with dynamic, enterprise-wide insights

Judges said:

• “The solution addresses a core problem for risk managers and is all-encompassing across all the major risk types.”
• “It’s a real challenge in most organisations to unify data across systems to give a holistic view and turn data into actionable items. This platform seems to have targeted this use case and helped create a great internal tool for different stakeholders.”
• “Ambitious initiative and topical, given the renewed push by European regulators on BCBS 239. Bringing together data from across the organisation and from different risk teams is not easy and they’re covering an impressive array of risk types.”
• “Good coverage of management information and data requirements.”
• “User-friendly in-house solution.” 

EFG Bank has been named winner of the Best in-house risk data initiative at the Risk Technology Awards 2025 thanks to its innovative Digital Risk Pilot. The platform has redefined the bank’s approach to enterprise-wide risk data integration, reporting and analytics.

Financial institutions are under constant pressure to deliver timely, accurate and actionable insights from complex and growing risk datasets. EFG’s platform bridges previously siloed data sources and tackles long-standing challenges in risk management around fragmented data, inefficient reporting processes and a lack of integration between business and risk functions.

By consolidating risk, financial, transactional and other relevant datasets into a unified architecture, the solution provides a holistic view of risk exposures across the entire enterprise. This enables decision-makers to swiftly assess emerging threats and react proactively in a fast-moving risk landscape.

EFG Bank has emphasised the accessibility and collaborative nature of the solution it has created. A bespoke web portal, Windows on Risk, allows users from across the business – not just risk professionals – to interact with dashboards, access dynamic reports and drill down into data. This demystifies risk insights and makes them accessible to top management, senior executives and analysts alike.

EFG Bank’s Digital Risk Pilot team (L–R): Oreste Giorgio Marrano, Maria Ciorciari, Giancarlo Roberti and Alberto Dosi

Cristina Bacciarini

The platform also tailors risk information to the needs of these different stakeholders. Dashboards are built in three tiers: top management, senior management and risk specialists. These dashboards provide insights into a wide array of risk categories, including credit, market, asset-liability management, climate-related financial risks, and operational, compliance, legal and model risk. The granularity and breadth of coverage ensure the right level of information is available across different roles.

With the use of Microsoft’s data platform and PowerBI cloud, EFG Bank has created intuitive risk dashboards, improving operational efficiency through automation. For example, the integration with PowerPoint through a DevScope add-in allows for interactive reporting where charts and visuals remain linked to live data.

See the full Risk Technology Awards 2025 results

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Over the past year, the initiative has evolved significantly. Enhancements include implementing risk reporting across EFG’s global subsidiaries, enabling supervision at a group level, and strengthening risk analytics – particularly for liquidity and credit risk. Sophisticated simulations and metrics, such as intraday liquidity stress-testing and derivatives exposure simulations, have been integrated directly into strategic decision-making processes.

By migrating to a cloud environment and optimising database performance, the platform now handles larger volumes of data with faster processing speeds. Additionally, the interface has been refined based on user feedback to improve navigation, visual presentation and filtering capabilities.

By fostering collaboration between risk and business units, and promoting consistent methodologies across the group, EFG has built a sustainable risk infrastructure that reflects the evolving demands of regulators and internal stakeholders.

EFG’s in-house platform is flexible and customisable, and has been tailored to the bank’s specific risk profile. It replaces static reports with dynamic digital dashboards that can adapt to changing business conditions and emerging threats.

EFG Bank’s executive team (L–R): Enrico Piotto and Demis Stucki

Irene Majer

Enrico Piotto, chief risk officer at EFG Bank, says: 

“EFG Digital Risk Pilot represents a significant advancement in risk management and reporting, leveraging cutting-edge technology to enhance transparency, efficiency and decision-making. The EFG Digital Risk Pilot solution stands out for:

• Enabling interactive enterprise risk reporting with digital navigation
• Allowing management to obtain risk profiles in the blink of an eye in a world in which every minute counts
• Improving accuracy and operational efficiency through risk data automation
• Being designed to achieve the sustainable goal of going paperless
• The ability to generate economies of scale through centralised risk data and methodologies.

“This Risk Technology Award confirms that EFG has achieved excellence, combining digital acceleration with compliance and risk management core foundations, representing our key strategic pillars to achieve a consistent and sustainable financial performance.”

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