Risk

Misys see uptick in interest in firm’s risk management capabilities

Tue, 26/11/2013 - 14:03

With financial institutions facing increasing pressures to meet regulatory requirements and improve visibility and control of their risk exposure, Misys has seen an increased interest in Misys Global Risk.

“Risk management remains a top priority for financial institutions worldwide and the spending on risk IT continues to rise,” says Peyman Mestchian, managing partner of Chartis. “Financial institutions that are seeking to build enterprise risk management systems and align risk and finance functions want technology systems that will enable this without creating additional costs, integration bottlenecks, or reconciliation problems.”
 
Misys Global Risk provides more than 300 customers with the ability to get improved visibility on their risk across their trading and banking business, including Royal Bank of Canada, Société Générale and Emirates NBD.
 
Risk intelligence has become a much higher priority for financial institutions, not only to help manage risk, but also to improve performance and link performance to risk. According to Chartis, spending on risk technology is expected to rise to USD28bn by the end of 2014 and risk intelligence or BI tools spend will increase by 11 per cent from USD10.7bn to USD12bn between 2014 and 2015.
 
Arnaud Picut, global business manager for risk at Misys, says: “We are seeing a real surge in demand from our customers for Misys Global Risk as well as our sophisticated risk intelligence solution, Misys Risk Insight, to help them make more informed decisions. For the first time all risk and regulatory information can be aggregated centrally and analysed and reported intra-day, adding real value to the bank’s enterprise-wide risk management strategy.”
           
Misys Global Risk (MGR) is a modular enterprise-wide risk suite which builds on components for market, credit, liquidity risk, ALM, limits managements and risk analytics with a common user experience across all components.
 
Banks can improve their risk transparency incrementally while leveraging existing risk systems, giving them a holistic view of risk across both the trading and banking book. 


Subscribe to free daily newsletter
Furtherreading
from our other sites

SS&C acquires DST Global Solutions

Tue 02/12/2014 - 15:20

Abacus launches Cloud Panel

Tue 25/11/2014 - 11:00

latestjobs
Quantitative Trading Strategist | Front Office

Sat, 20 Dec 2014 00:00:00 GMT

Entry Level Financial Software Developer

Sat, 20 Dec 2014 00:00:00 GMT

C#.NET Developer – Quantitative Risk, Fixed Income

Sat, 20 Dec 2014 00:00:00 GMT

events
3 weeks 1 day from now - New Orleans
4 weeks 3 days from now - Boston
4 weeks 3 days from now - New York
5 weeks 18 hours from now - New York
specialreports