09:44 AM
Misys Releases New Risk Management Solution
Misys has launched Misys Credit Risk Vantage, the latest solution in its risk management portfolio.
Misys Credit Risk Vantage is available both as a standalone solution as well as integrated with other Misys solutions.
The vendor says its new product gives customers a simple auditable actuarial model which can interoperate with other systems, offering the customer much more choice to measure and manage portfolio risk. "We have developed Misys Credit Risk Vantage in response to customer requirements to have more than one way of modeling Risk, taking into account the balance that is needed between speed and accuracy," David Stewart of the Misys Risk Group, said in a release.
"They frequently are hampered with not accurate enough views of their total exposure - The new solution provides them with this benefit," he added.
Cubillas Ding, senior analyst at Celent, added: "There is a significant shift towards more consistency in firm-wide efforts to proactively measure, monitor and control risks in tandem rather than in parts, which is not surprising given the learnings from recent crisis events."
But for most organizations, a radical overhaul of risk systems is not likely to be either realistic or cost-effective, he said.
"Hence, we are seeing more firms utilizing component-based approaches as a starting point to facilitate a consolidated view of exposures, and to enable the incremental development of new capabilities."
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio