FRSGlobal Announce The Launch Of RiskPro TNG

FRSGlobal, the provider of risk and regulatory reporting applications with coverage for over 30 countries, launches RiskPro TNG, its risk and profitability analysis application. When combined with FRSGlobal's newly named RegPro (formerly FinancialAnalytics), RiskPro TNG delivers risk profitability analysis and

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FRSGlobal, the provider of risk and regulatory reporting applications with coverage for over 30 countries, launches RiskPro TNG, its risk and profitability analysis application. When combined with FRSGlobal’s newly named RegPro (formerly FinancialAnalytics), RiskPro TNG delivers risk profitability analysis and regulatory reporting on a single platform, sharing a single global data model, DataFoundation and a single CalculationEngine.

1. New product: RiskPro TNG provides a single, scalable, x-risk application enabling financial institutions to analyse profitability and manage risk. RiskPro TNG has been developed against the backdrop of increasing pressure upon financial institutions to better manage risk – for example through stress testing cash flows and managing liquidity buffers – and supplying regulators with a more coherent picture of their overall risk exposure. RiskPro TNG provides a unique, advanced, fully integrated and consistent risk and profitability analysis set of applications.

2. New unified risk and regulatory reporting platform: FRSGlobal is the first provider to present a unified risk and regulatory offering, and the only risk application available with an integrated “contract-based design methodology” which overcomes the issues associated with the current silo approach that has evolved in many financial institutions.

By removing the barriers between siloed applications, which are considered by many to be largely responsible for the difficulties CROs encounter when compiling reports for senior management/Board and Regulators, firms can achieve real oversight of the contracts, and by stress testing and applying different treatments get results that enable them to make the right business decisions.

The internal and regulatory reports that the combined RiskPro and RegPro TNG application provides are automated, accurate, and easily modified to suit regulators’ demands in response to market conditions (for instance, in a crisis). The central repository of data and reports makes regulator audit visits more meaningful.

3. New technology: RiskPro TNG is also a completely re-engineered technology platform (J2EE, thin client, grid enabled, etc) to facilitate the processing of larger volumes of data at a far higher rate than previously available. This satisfies the industry-wide drive towards the processing of information across-asset classes, across-department, across-risk type and the demand for regular stress testing scenario analysis, combined with increased and more complex regulatory reporting that contains risk analysis information.

D.C.

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