Misys, a global application software and services company, has launched an enterprise market risk solution called Misys Risk.
The technology enables financial institutions to measure, control and manage risk across multiple asset classes, instruments, portfolios and systems. The launch marks the first step in a multi-phase project to create a unified enterprise solution to address market, credit and liquidity risk in a single consistent framework.
Misys Risk leverages existing front-office trading infrastructures, reducing the cost, risk and time of implementation, Misys says. Misys Risk is designed to work closely with multiple front-office trading systems to provide one dedicated solution for all risk management functions.
The continued turmoil in financial markets is totally changing the way financial institutions manage their risk, with increased pressure to provide transparency for both shareholders and regulators alike, says Arnaud Vinciguerra, operations director of Misys Sophis. Misys Risk not only allows firms to provide that transparency, but it also allows them to improve operational efficiency, reduce costs and risk, enhance decision making and improve time-to-market for new business. The solution thus truly allows firms to capitalize on the optimal risk and reward paradigm.
(CG)