- CIR Risk Management 2014 awards recognises benefits of Misys FusionRisk
LONDON – Misys, the leading financial software company, has won “Best use of technology in Risk Management” at the CIR Risk management Awards 2014. This award reflects the ability of Misys FusionRisk to deliver recognisable benefits and significant value in risk management.
Misys FusionRisk is a suite of risk management solutions where clients are able to add components that can be built on top of existing in-house or 3rd party infrastructure. Banks can create a target architecture without compromising between regulatory compliance and achieving enterprise wide risk transparency, as they will have the technology that will help them to comply at the same time.
Prior to the financial crisis, risk management played more of a backstage role when it came to making critical business decisions. To manage the risk for the trading book, risk management often supported the trading floor with risk engines attached to the trading systems which in turn supported different business lines or asset classes. For the banking book, group-wide asset and liability management tended to be pulled together with time consuming methods, ending in infrequent reports of the banks’ risk, often only on a monthly basis.
“Misys FusionRisk is the answer for banks looking for a solution to help them keep up with regulatory compliance and achieve a bank-wide target risk management architecture across the trading and banking book”, states Arnaud Picut, Global Sales Specialist, Misys FusionRisk. “Banks find it difficult to look beyond regulation and find ways to add value to risk management. With our solution, they are now able to create a total view of risk across their entire operations. We are delighted to have won this award for our market-leading solution.”