Steve Thurley, VP Asia Pacific and Japan, FRSGlobal, commented: âRiskPro is gaining significant momentum in the Asia Pacific region as more banks decide to implement unified risk and profitability analysis solutions across their organisations. The main reason this major global investment bank chose the FRSGlobal solution is because it is fully integrated and can provide them with bank-wide cash flow projections across all areas of risk.â
FRSGlobalâs RiskPro solution is made up of nine modules: ALM, Liquidity Risk, Market Risk, Credit Risk, Basel II, IFRS/IAS 32, 39, Solvency II, Funds Transfer Pricing and Economic Capital and covers a broad scope and depth of financial analysis ensuring consistency of results and reduction in the costs of analysis which includes:
â¢ Easy-to-use and highly flexible modular software platform satisfying the internal and external calculation and reporting requirements in financial risk analysis - for small to large organisations;
â¢ Extensive financial product coverage - from saving accounts, complex loans and insurance instruments to exotic options and structured products;
â¢ Experienced and talented implementation and support resources - providing quality services and complete knowledge-transfer to ensure effective solution implementation, use and support;
â¢ This covers worldwide accessibility and global delivery capability through local presence and international teams.
The RiskPro platform utilises a three-tier, client/server architecture in which the user interface, functional process logic, computer data storage and data access are developed and maintained as independent modules, using J2EE and Web 2.0.
In a recent Chartis report, the competitive dynamics of the ALM and Liquidity Risk Management technology market FRSGlobal was ranked as one of the leading software vendors in terms of completeness of offering out of 16 software vendors. Factors used for positioning vendors with regards to completeness of offering included - range of functional coverage, advanced analytics, usability, configurability, data management, scalability, performance, and "unified" platform.