As systems and organizations become larger and more complex, it is critical for those involved in making decisions to receive timely and accurate information, that can be easily updated as market conditions change.
Financial services organizations are often weighed down by manual processes, spreadsheets and disparate legacy systems. Banks on average spend roughly 60% of their IT budgets and resources to maintain legacy IT systems, in time consuming break-fix-maintain efforts while a mere 24% is dedicated to growing the business and only 16% to transform it or catch up to technology advances.
The broader the use of spreadsheets, the greater the chance for errors to be magnified, exposing the organization to significant costly risks. Valuable spreadsheet content can instantly become inaccessible and useless, with staff transition, among many other risks.
Banks, credit unions and insurance firms need a technology partner who understands data modelling, reporting and the relevance of back-end processes.
Using cloud computing technology, BBA transforms our clients internally established data, analytics and reporting from manual and fragmented processes to digitized, automated web-enabled applications and workflows. Our proprietary applications provide more objective, consistent and actionable intelligence setting new standards of performance and service delivery.
What sets us apart is that we understand, we develop and we code the algorithms that power your business and support functions. Our modelling and design approach, Six Sigma and analytics experts empower your teams with refined models, automated processes and services re-architecting. We are not just another web-development shop.
Our solutions are funded by the results of our engagements. We measure our success by your success!
Our large proprietary database includes datasets from banks, credit unions, and other financial services firms from the Americas, Europe, the Middle East, and Africa enabling us to directionally benchmark modelling parameters - derived from internal data and the impact of outputs, by region, product line, and institution type. Combined with in-depth knowledge of the structure and dynamics of the financial services sector, this allows us to formulate accurate modelling predictions.
- 100+ risk, capital, and profitability parameter benchmarks, covering time series and organized cross-sectionally.
- Over 300+ behavioral factors tracked for use in scoring, loss severity, and profitability models.
- More than $1 trillion in assets modelled.
- Over 1,000+ high profile cyber events – collected from reliable and publicly verifiable sources.
End-to-end process management, transformative customer journeys, and processes with automation, digitization, advanced analytics, and design thinking. Acceleration tools used for rapid prototyping, piloting, sandbox implementation, and application customization.
- Modelling libraries: Statistical distributions, Tests for normality and symmetry, Principal Component Analysis, Monte Carlo simulation, Logistic and Probit regression models.
- World-class user interfaces designed with data upload options that include CSV files and ETL.
- Flexible, cloud-enabled delivery options, and affordable subscription licensing.
- Dashboard designed with the same rigor as a model and process designs.
- API integration.
Groundbreaking research organized by domain: Finance, Treasury, Risk, Profitability, and Technology topics.
- Dedicated program for cyber risk data collection and taxonomy, in collaboration with the Global Risk Institute and the Canadian Cyber Threat Exchange.
- Dedicated Featured Insights and Webinar teams.
Pre-eminent domain expertise in measurement, management, and optimization techniques by leading developers of enhanced methodologies and practices – this is driven by our entire firm being 100% dedicated to Financial Services, which focuses all our effort on issues that are critical to our clients in this industry.
- Engagements staffed with former bankers, consultants, quants, and industry's leading experts.
Throughout his 20+ year career, in positions with management responsibility and also as a consultant, Sohail has worked at the forefront of developing analytical solutions using digital technology . His background enables him to solve some of the biggest challenges business leaders face in meeting operational targets. Based on a vision of pushing the cutting edge of advanced analytics, he founded BankingBook Analytics (BBA) in 2018. BBA offers accelerator solutions to mid-sized financial institutions, helping them close the gap in data aggregation and value analytics. Sohail's track-record of implementing intuitively sound and practical solutions has helped his clients succeed by preventing losses, cutting cost and managing capital efficiently. He advises key decision-makers on balance sheet growth, profitability management and risk-reward optimization. Prior to founding BBA, Sohail led and managed Toronto-based Nexx Consultants - a specialist risk and capital management advisory firm. He also worked as Principal at Oliver Wyman and Sr. Director at Moody's Analytics. Earlier roles include: CRO at HSBC Oman, Sr. Manager at CIBC World Markets and Analyst at Scotiabank’s Global Risk Management. Sohail holds an MBA from Dalhousie University and a Master in Quantitative Finance from Frankfurt School of Finance & Management.
Andrew (Andy) Poprawa
Andrew (Andy) Poprawa
Andy has extensive experience in the financial services industry gained over the last four decades - covering regulatory, supervision, and financial risk management themes. Andy advises BBA’s clients on strategy, liquidity planning, and capital management. In addition to the last 23 years as the CEO of the Deposit Insurance Corporation of Ontario – the province’s foremost regulator and deposit insurer, he also served as the market conduct regulator of Credit Unions in Ontario during the early nineties. Having spent 10 years with the Office of the Superintendent of Financial Institutions in various capacities, including banking supervision, insurance company oversight, and policy development, he has developed an in-depth understanding of the regulatory processes required to maintain confidence in financial institutions. Andy is a Chartered Professional Accountant, Chartered Accountant, and a former auditor with an international accounting firm. He is also a Certified Government Financial Manager and received his Bachelor of Commerce degree from the University of Toronto. He also serves on the Institute of Corporate Directors (ICD), Ontario Chapter Executive and has served on the Conference Board of Canada’s Advisory Committee on Governance. Andy is a founder and immediate past Chair of the International Credit Union Regulators Network and past Chair of the Credit Union Prudential Supervisors Association in Canada.
In her role as the Chief Operating Officer, Paola Saad's value-add at BBA ranges from managing day-to-day in-house operations to ensuring successful implementation of software solutions and growing business organically. As longtime president and founder of The Mandala Group Inc., she interacted with business and government leaders at multiple forums, hosted international events and engaged in discourse on a range of topics. Paola is passionate about implementing managerial best practices she assimilated over the years which will help steer BBA to success. Paola is a recipient of "Brazilian Woman in Power," - a joint award from the Canadian Federal Government, the Ontario Provincial Government, and a ConCid Brazilian Citizenship Council Award, for contributions to the Brazilian Community in Toronto. She is Chair of the Program advisory Committee for International Business at Centennial College and Executive Director at the Brazil-Canada Chamber of Commerce. Paola holds an MBA in Marketing from the University of Liverpool, UK, a Postgraduate Specialization in Public Relations from Ryerson University, and an Honors B.A. in Economics from the University of Toronto.
With over 25 years of experience in software development, Andrew brings a passion for building customer-focused systems that can scale from 10s of users to hundreds of millions of users. Andrew has a wealth of experience in a variety of technologies and enjoys working closely with customers during the system development phase and during the production phase to ensure that the software system is meeting the customer’s needs. Andrew has visited over 50 customer sites in 15 countries to maximize his systems’ customer satisfaction. Additionally, Andrew is the lead author of two patents and has earned several awards for innovation and teamwork. Before BBA, Andrew was a team leader at Trend Micro, a leading global provider of security software, where he introduced the first microservices for their SaaS offering. Before that, he was the Lead Developer at Emerald Health Information Systems, working on health care analytics. Since graduating, he has held positions at several Fortune 500 technology companies as well as start-up software companies. Andrew holds BSc and MSc in Computer Science from McMaster and McGill Universities, respectively.
Tri is BBA's Chief Technology Officer, responsible for developing, implementing and distributing BBA's proprietary software solution. He is a graduate of University of Ottawa's software engineering program with over 20 years of experience. His expertise includes: AWS platform, cloud-enabled distribution and enterprise software design and application. Tri is an expert in data analytics and UI, UX and visualization.
Anthonet has extensive experience in the financial services industry gained over the last three decades - covering regulatory, risk management, governance, operations, data management, cybersecurity, and technology development. She co-leads BBA on strategy, sales, operations, project management and relationship management. In addition to having served as the Ombudsman, Chief Risk Officer, Chief Compliance Officer, and Chief Operating Officer, in private financial services organizations as well as the provincial regulator in Alberta, Anthonet is a fervent volunteer for the United Way GAIN program, providing pro bono consulting for Not for Profits, particularly in the governance space. Anthonet has her EMBA from University of Calgary, Haskayne School of Business, her BA from the University of Toronto and is a designated Project Management Professional.
ERIC OBENG SAAH
ERIC OBENG SAAH
Eric has a rich pan African experience of over 22 years in financial services. He has worked with several multinational and pan-African financial institutions in over 15 countries across the continent. His areas of expertise include Treasury and Financial Risk Management, Trade and Structured Finance, Leasing and Factoring, Digital Banking and Strategy Design and Implementation. In the last seven years, Eric has been MD/CEO of two universal banks in Senegal and a Leasing Finance Company in Guinea Conakry. Eric has a M.Phil. Degree in Economics from the University of Ghana, and an Executive Certificate in Leadership and Entrepreneurship from HEC Business School Paris as well as Executive Programs in Corporate Finance and Strategy, Finance and Risk Management at the London School of Economics.