alliance to provide risk management solutions to small and medium sized
financial services customers in the Asia Pacific region.
The alliance brings together Reuters internationally recognized, specialist
risk management products including the Kondor+ solution suite, and IBM's
consulting expertise, infrastructure and technology to deliver risk
methodologies, measurement and reporting services.
The "pay-as-you-go" browser-based service will deliver to the user's
- Risk analytics covering fixed income, equities, foreign exchange and money markets
- Market data, news and information
- Cash management
- Transactional services
- Anti-money laundering services
Reuters Asia Director, Solutions, Mark Smith said: "Risk management has
become one of the key challenges for Asian financial institutions of all
sizes because of the regulatory changes that are facing the financial
services industry and increased competition.
"Smaller financial institutions are seeking to adopt internationally
accepted practices and methodologies to ensure they remain competitive as
the Asian market opens to foreign financial institutions," Mr. Smith said.
This alliance between Reuters and IBM means that world class risk management
solutions are now accessible to smaller financial institutions, including
mid-tier banks, brokers-dealers, funds, insurance companies and other
organizations on a "pay-as-you-go" basis.
Robert Ingham, Trading and Solution Executive, IBM said: "Delivering risk
management solutions via an e-business on demand approach is much more cost
effective for financial services clients as it converts fixed costs to
"This type of solution offers our customers a far more responsive, flexible
and resilient risk solution compared to traditional offerings. Customers
will have access to increased computing power, product upgrades, security
and maintenance services as well IBM consultants and technicians. Our
customers will be better positioned to manage their risk today and the
future," he said.
Reuters Kondor+ is a market leading risk management application installed at
more than 420 sites globally, including a number of the major financial
institutions in Asia. Reuters will provide the software together with risk
management advisors and specialist sales support while IBM will host the
Reuters Kondor+ application and provide consulting and integration services.
Both companies will be involved in promoting and selling the service.