The Q225 release of Mirai Platform is now live!
At Mirai RiskTech, we drive progress through ongoing innovation. Every quarterly release brings meaningful enhancements to Mirai Platform, helping financial institutions respond faster and act smarter in an ever-evolving environment. The Q225 release underscores our commitment to innovation by delivering enhanced modeling accuracy, more advanced customization options, and smooth integration of external data, empowering users to better adapt to changing portfolio strategies.
At the core of this evolution are our market-leading, cloud-native Balance Sheet Management solutions: ALM & Liquidity, Funds Transfer Pricing (FTP) & Profitability, and Regulatory Reporting, all unified and powered by Mirai Platform, our proprietary SaaS.
The Q225 release brings strategic upgrades that expand modeling flexibility, sharpen risk management capabilities, and improve overall platform efficiency across key platform components:
Mirai stands out for its flexible modeling capabilities, adapting to each bank’s specific reality and the economic context they operate in. Until now, default risk behaviors could be modeled through no-code methods, as part of the core capabilities of Mirai ALM & Liquidity Solution. While formula-based parametrization was already available for other variables, the modeling of defaults remained exclusively a no-code functionality.
With our latest release, we’re going even further, introducing the ability to define risk behaviors using custom formulas. This unlocks full flexibility while remaining intuitive even for non-technical users.
Users can now build models that reflect their unique strategies, combining business rules, multiple variables, and even external data sources through our EMI (External Modeling Information) feature.
This new functionality enhances precision, adaptability, and control, empowering banks to better anticipate and manage risk across all scenarios.
This key behavioral variable is now available, fully covered through formula-based modeling, encompassing all capabilities needed to represent early redemption charges. This functionality allows users to define tailored logics based on early redemption flows or outstanding balances, adapting precisely to the specific characteristics of each portfolio or product.
With this enhancement, Mirai’s customer behavior modeling capabilities expand further, enabling more accurate reflection of early payment dynamics. This leads to improved financial precision and tighter control over expected revenues, essential for robust risk management. Additionally, it simplifies the application of early redemption charges.
The feature leverages the full power of the platform’s formula module, including EMI (External Modeling Information), curve usage, the new business indicator, and other available variables, along with specific inputs related to early redemption flows.
This development reinforces Mirai’s capacity to build increasingly detailed, flexible behavioral models aligned with business strategies and portfolio management needs.
Through Mirai Regulatory Reporting Solution, Mirai offers contractually guaranteed regulatory compliance, backed by always up-to-date local templates.
This quarter, improvements and fixes have been made to the templates within the Regulatory Reporting Solution to ensure full alignment with the latest regulatory requirements.
The updates cover LCR, NSFR, Asset Encumbrance, and STE – ITS 2023 reports, ensuring both formal and technical consistency of the generated reporting packs in accordance with the standards set by the relevant authorities.
These enhancements further reinforce Mirai’s agility in responding to regulatory changes, helping institutions stay compliant while reducing operational risks associated with evolving requirements.
Watch the video to explore these new features in action: