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Press Releases
Major Global Investment Bank Selects RiskPro: FRSGlobal's Risk Management Solution
LONDON and SINGAPORE--(Marketwire), 3 November 2009 -- FRSGlobal, the only provider of risk and regulatory reporting solutions with coverage for 40+ countries on a unified platform, today announced that a leading global investment bank has signed up to deploy RiskPro, FRSGlobal's risk solution for risk management and profitability analysis. Initially, it will be deployed in Japan, Indonesia and India. The deal covers worldwide accessibility and global delivery capability through local presence and international teams.
Steve Thurley, VP Asia Pacific and Japan, FRSGlobal, commented: "RiskPro is gaining significant momentum in the Asia Pacific region as more banks decide to implement unified risk and profitability analysis solutions across their organisations. The main reason this major global investment bank chose the FRSGlobal solution is because it is fully integrated and can provide them with bank-wide cash flow projections across all areas of risk."
FRSGlobal's RiskPro solution is made up of nine modules: ALM, Liquidity Risk, Market Risk, Credit Risk, Basel II, IFRS/IAS 32, 39, Solvency II, Funds Transfer Pricing and Economic Capital and covers a broad scope and depth of financial analysis ensuring consistency of results and reduction in the costs of analysis which includes:
-- Easy-to-use and highly flexible modular software platform satisfying
the internal and external calculation and reporting requirements in
financial risk analysis -- for small to large organisations;
-- Extensive financial product coverage -- from saving accounts, complex
loans and insurance instruments to exotic options and structured products;
-- Experienced and talented implementation and support resources --
providing quality services and complete knowledge-transfer to ensure
effective solution implementation, use and support;
-- This covers worldwide accessibility and global delivery capability
through local presence and international teams.
The RiskPro platform utilises a three-tier, client/server architecture in which the user interface, functional process logic, computer data storage and data access are developed and maintained as independent modules, using J2EE and Web 2.0.
In a recent Chartis report, FRSGlobal was ranked as one of the leading ALM and Liquidity Risk Management technology vendors in terms of completeness of offering out of 16 software vendors. Factors used for positioning vendors with regards to completeness of offering included -- range of functional coverage, advanced analytics, usability, configurability, data management, scalability, performance, and "unified" platform.
# # #
Media Contacts: FRSGlobal
Lauren Dearmer
PR Manager
Tel: +44 (0) 20 7539 6525
Email:
Submitted by Marketwire, Marketwire on Tuesday, 3 November 2009 at 4:46 PM
Category: Business
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