Numerix Boosts Risk Management Offerings With New Partner

New regulatory demands continue to increase the need for robust and timely risk management.

Market uncertainty and increased regulatory demands such as those posed by Dodd-Frank and Basel III are continuing to increase the need for accurate and timely risk management.

In an effort to boost its risk management offerings, Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has teamed up with everis, an international consulting company, to offer pricing and risk analytics within the everis Risk Management Product Suite.

The suite provides banks and insurers a risk and capital management solution comprised of everis Operational, Aggregation, CurveFitting and Risk Based Pricing modules.

everis clients can now leverage Numerix functions such as cross-asset analytics, Monte Carlo simulation, random number generation, correlations estimation and date functions. These features enable scenario analysis and validation, flexible modeling, enhanced risk based pricing and a fully integrated risk aggregation and curve fitting process, the company said in a release.

“The integration of key features and benefits from the market leading Numerix CrossAsset analytics platform has elevated the foundation of our core risk offering and enabled us to deliver a more robust pricing and risk solution to our clients,” said Rafael Cavestany head of risk management consulting at everis. “Integral to the solution is the ability to seamlessly bring together data management, modeling, simulation, capital calculation and reporting.”

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