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Banks Turn to Misys as Risk Technology Spending Expected to Rise to $28bn by 2014

Misys Global Risk named as category leaders in three Chartis RiskTech Quadrants®

With the backdrop of increasing pressures for financial institutions to meet regulatory requirements and have better visibility and control of their risk exposure, Misys has seen an increased interest in its broad range of risk management capabilities within Misys Global Risk.

“Risk management remains a top priority for financial institutions worldwide and the spending on risk IT continues to rise,” comments 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. Misys has been named as a category leader* in three Chartis RiskTech Quadrants®: for Basel III and Data Management & BI in 2013 and for Enterprise Collateral Management in 2012.

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 $28bn by the end of 2014 and risk intelligence or BI tools spend will increase by 11% from US$10.7bn to US$12bn between 2014 and 2015. Peyman Mestchian continues, “Risk Intelligence tools, such as dashboards and visualisation technologies, are vital so that informed decisions can be made based on the right information.”

Arnaud Picut, Global Business Manager for Risk at Misys adds, “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 has the broadest and deepest portfolio of solutions to meet the challenges faced by financial institutions throughout the world. Misys Global Risk (MGR) is a modular enterprise-wide risk suite which builds on industry-leading and award-winning 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. MGR uses an innovative graphical processing unit that revolutionises real-time and intraday risk intelligence and regulatory reporting.

MGR provides financial institutions with an agile risk architecture that is modular, transparent and scalable - growing incrementally across the trading and banking books. It supports organisations’ efforts to satisfy short-term regulatory compliance requirements while adhering to a coherent long-term strategy for improved risk information.