Misys, the global application software and services company, has launched Misys Credit Risk Vantage, Misys’ latest credit risk offering from its portfolio of risk solutions. The announcement was made at the Risk Europe annual conference in Frankfurt on June 5.
The solution was initially developed as a new component for Misys Risk Vision, to provide additional key credit risk modelling functionality to that already offered. Misys Credit Risk Vantage brings financial institutions an additional straightforward model to reduce parameter uncertainty within their business.
This latest offering is available both as a standalone solution as well as integrated with other Misys solutions to give customers a simple auditable actuarial model which can interoperate with other systems, offering the customer 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 modelling risk, taking into account the balance that is needed between speed and accuracy,” comments David Stewart of the Misys Risk Group. “The knowledge and skills we have honed over the last two decades through providing our customers with world-class risk solutions, has enabled us to bring this latest product to market very quickly.”
Stewart adds: “Our customers have charged us with developing the next era of risk management solutions to help them cope with the rapidly changing landscape in which they operate, which we have been able to do. Where financial institutions in the recent past could manage risk in separate silos, the global economic crisis has exposed the limitations of this practice. Everyone needs a much more consolidated view of all risk within their operations, in particular around limits management and across multiple asset classes. We have brought the best components of our risk solutions together so that we can provide them with better overall visibility across the enterprise and the transparency to make calculations and decisions in real time.”
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