Misys tops world rankings in trading and risk management software
- United Arab Emirates: Sunday, December 30 - 2012 at 11:51
- PRESS RELEASE
Misys, the global leader in financial services software solutions, has strengthened its leading position as a risk management software provider after being awarded first place overall in Risk financial magazine's annual "Risk Technology Rankings".
The company—with an extensive base in the region including offices in UAE, KSA, Egypt and Bahrain—notes that the MENA economies are some of the fastest growing markets for Misys worldwide with a strong increase in demand from its growing user base; particularly for tools that can address risk within the current economic climate.
With banks continuing to battle with the huge burden of international regulatory change, nearly 60% of respondents to the Risk rankings say they are planning to increase their technology spend in 2013, with more than half planning to increase their spending by at least 10%.
"This accolade is a tremendous endorsement of our capabilities in risk management," states Thierry Truche, Head of Product Management, Misys Global Risk. "We are the first company that has been able to bring a consolidated view of all risk exposure from both the trading and banking books together under one simplified view. Through this innovative collaborative risk management approach, we are confident that our customers have the assurance of being able to have total visibility and control of all risks within their business."
The Risk Technology Rankings were compiled from the votes of several thousand subscribers of Risk magazine and from financial institutions including banks, asset managers and hedge funds that use the vendor's systems. The awards seek to identify the best product offering based on functionality, usability, performance, return on investment and reliability in a wide range of categories including, trading systems, pricing and analytics and risk management.
This year, Misys has brought to market its innovative Misys Global Risk solution, which enables banks and financial institutions to obtain a holistic view of the enterprise risk exposure at any point in time across both the trading and banking books. Via an intuitive and interactive dashboard that brings on-demand transparency to limit, market, credit and liquidity risk, banks can better coordinate, control and manage risk from every part of their organisation; allowing users to make proactive business decisions based on comprehensive risk intelligence.
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