Options Clearing Corporation: Risk Management Transformation
Business Problem
OCC’s role as a Systemically Important Financial Market Utility (SIFMU) is critical in providing financial stability to market participants, investors, and the economy. It all comes down to sound risk management – and OCC set out to digitally transform the way they manage risk.
Appian Solution
OCC deployed 9 critical risk management applications on Appian in 18 months. Appian’s automation, its data management and visibility through Records, and its one-click reporting have allowed OCC to embed control and compliance validation into the core of these processes.
“We’ve covered a lot of ground in a relatively short amount of time, and we wouldn’t have been able to do all that without a low-code platform like Appian.”
Bill Raczyk
Director of Business Process Improvement
