Case Study: a Top 40 Bank achieves faster DFAST compliance with Incisive Software

a Top 40 Bank locates 931 spreadsheets in under 20 minutes with Incisive Software

Incisive Software helped a Top 40 Bank based in New York City overcome a significant regulatory challenge. As a rapidly growing commercial bank with a small risk modeling team of only two people, it needed to comply with stringent DFAST and CCAR requirements. The primary challenge was locating and validating the vast number of spreadsheets that served as the key data ingredients for their stress test models without overtaxing their limited resources.

Using its Risk Intelligence Platform, Incisive Software enabled the bank to quickly locate and risk-rank their critical spreadsheets. The solution uncovered over 3,500 results in a single spreadsheet and identified 931 spreadsheets in less than 20 minutes. This process saved the bank over $19,000 in labor costs and provided the validation needed to confidently fulfill the regulators' requirements.