IRIS INTRODUCES NEW PROJECT PARTNER FOR SOUTH AFRICA

Upon their completion of an extensive RiskPro training program, RiskWorX, a risk expertise and solutions provider whose client list includes some of the
most prestigious names in the South African financial services sector, has
joined the IRIS Partner Network as a Project Partner set to address current market opportunities for integrated financial analysis within the South African market. Specifically, RiskWorX’s objectives include: (1) to support RiskPro implementation at large institutions, (2) to promote the RiskPro concept among middle market financial institutions, and (3) to implement RiskPro internally for the validation of client pricing & exposure models as well as client risk audits.

Ina De Vry, a former market risk manager and a director at RiskWorX, observed, "During their January tour of South Africa, IRIS made quite an impact upon the South African ALM scene. RiskWorX had been looking for an accredited integrated financial analysis tool for our internal use when we were introduced to IRIS. After careful analysis, we decided that because of the universality and simplicity of the RiskPro Product Suite, we wanted to move our relationship with IRIS beyond the usual vendor/purchaser exchange and into a technology-sharing partnership. We feel RiskPro enhances our services portfolio and that through the broad applications of the product’s concepts, we can more effectively address the risk management needs of the South African banks as well as the broader business community."

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