QuIC Financial Technologies’ QuIC Analyzer Earning Rapid Market Adoption

Vancouver, BC - 2 July 2009

QuIC Financial Technologies Inc, a global solutions provider of risk management, pricing and financial analytics, today announced that QuIC Analyzerâ„¢ is quickly gaining market traction as an easy-to-use, powerful GUI. Many QuIC clients have now incorporated QuIC Analyzer into their overall risk management solutions, and demand for QuIC Analyzer is growing rapidly.

Designed for risk management professionals who rely on rapid, concise risk calculations, QuIC Analyzer revolutionises the way users view, analyze and report data, enabling them to perform comprehensive data analysis and make critical decisions that affect a bank’s global operations.

“With the powerful ability to calculate, visualise and troubleshoot in-depth problems on demand, QuIC Analyzer is a critical component of risk infrastructure,” said Nigel Cairns, President and CEO for QuIC. “It’s clear that our clients have embraced QuIC Analyzer’s wider, multi-dimensional, and interactive view of the risks that affect their portfolio.”

“In keeping with our flexible technology strategy, QuIC Analyzer can easily be incorporated into a bank’s existing reporting infrastructure,” added Tony Coppellotti, CTO for QuIC. “The growing adoption of QuIC Analyzer in the industry is a testament to the dedication of our team to continuously develop solutions that meet the demands of our global clientele.”

QuIC Analyzer provides users unparalleled visibility and usability into market and credit risk calculations and data analysis. By incorporating a data visualization solution from Advanced Visual Systems (AVS), a leading data visualization consultancy, QuIC Analyzer allows risk management personnel to manage and visualise multi-dimensional calculation results and create consistent report views.

According to Steve Sukman, Executive Vice President at Advanced Visual Systems, “QuIC’s use of data visualization is a compelling example of how combining rich graphics with interactive techniques allows decision makers to easily explore and quickly understand complex data. Our studies reveal that user experience increases significantly when data visualization is incorporated into a decision support system—and exponentially when interactivity allows users to actually reach out and touch the data.”

As a single application that performs calculation analysis and generates reports, QuIC Analyzer delivers an improved user experience while satisfying the rigorous requirements for risk intelligence essential in today’s increasingly complex and sophisticated risk infrastructures.

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