Executive Register

Strategic Risk Register

Institutional maturity requires a clear understanding of the vulnerabilities of one's own business model. This register publicly exposes our dependencies and mitigation strategies.

Category & Risk Severity Impact Description Mitigation Strategy
Market Adoption
Inertie Institutionnelle (Sales Cycle)
High Institutional B2B sales cycles (T1 banks) often exceed 12 to 18 months, threatening cash flow and momentum between funding rounds (Series Seed → A). Penetration via upstream Consulting/Advisory to fund pilot integrations. Targeting more agile "Tier 2 Banks" to create rapid reference use cases.
Regulatory
Assouplissement Bâlois inattendu
Medium If the BCBS drastically softens capital penalties on crypto-assets, the ROI argument (Capital Optimization) of DCM OS loses its immediate financial power. Pivot from "Capital cost reduction" to "Indispensable DORA compliance". Operational resilience and auditability requirements (ICT) will remain strong regardless of Basel III.
Technology / Market
Concurrence directe des BigTechs Risk (SAS, Murex)
High Incumbent Risk Management players add DLT modules to their software suites, capitalizing on existing IT integration and board-level trust. Positioning not as a competitor, but as a Data Oracle. DCMCore integrates via API into Murex/SAS risk engines to provide the DLT layer they do not natively master.
Market / Macro
Échec des Wholesale CBDC / DLT Pilots
Medium Lack of central bank interest and the abandonment of wholesale central bank digital currency (wCBDC) experiments would push back atomic settlement (DvP) in the long term. The model already applies to regulated Stablecoins (EMT under MiCA) and commercial bank money tokenization, which progress independently of central bank projects.