Financial institutions need to make more use of risk management technology to improve their processes behind decision making and performance management, a new survey has claimed.
According to research by Oracle Corporation, nearly half of the respondents do not have the tools to assess performance management and risk together.
Nearly three-quarters said that their IT infrastructure was not capable of utilising stored data to provide a full risk assessment.
Additionally, almost half expressed a lack of confidence in the accuracy of data related to risk.
Nazif Mohammed, vice-president EMEA, Finances Services at Oracle, said: “Financial institutions must integrate risk and finance to provide a solid foundation for the future. This research highlights that there is still a long way for financial institutions to go to confidently manage their information.
“Outdated or irrelevant data hinders effective decision-making and performance. Without complete visibility into the business, financial institutions will continue to be unable to react to market conditions as they occur.”
Further findings from the study showed that only 18 per cent of respondents could deliver risk management analysis in real time.
The survey questioned more than 200 finance professionals and a further 200 plus financial technology executives from across Europe.
Showing posts with label risk management. Show all posts
Showing posts with label risk management. Show all posts
Saturday, July 24, 2010
Friday, October 30, 2009
Paladyne Systems Partners with RiskMetrics Group to Provide Risk Reports to Hedge Funds
New York, NY - October 2009
Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced a strategic partnership with RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial
community, to provide intra-day, daily and monthly risk reports to hedge funds and service providers. Paladyne has tightly integrated RiskMetrics’ RiskManager, the industry standard tool for analyzing, measuring and monitoring risk, with Paladyne Analytics Master, a data aggregation warehouse, custom reporting, and reconciliation tool. Both firms’ clients now have a two-way connection enabling them to seamlessly communicate position data to RiskManager and receive back a full-set of risk analysis reports within Paladyne Analytics Master.
Additionally, hedge funds that use Paladyne Analytics Master as a firm-wide custom reporting solution not only have access to RiskMetrics’ risk analytics and investor reporting platform, but also accounting, position, P&L, and investor information. The partnership will enable RiskMetrics’ to easily provide its hedge fund clients’ access to Paladyne Analytics Master.
“Our hedge fund clients now have the ability to effectively manage their investment risk on a timely basis using RiskMetrics’ analytics combined with Paladyne,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “This partnership adds a critical risk component to our integrated front-to-back office product suite and adds significant operational value to our clients.”
“Many of our hedge fund clients are collaborating with us to further develop market standards in independent risk management, transparency, and investor communication to ensure their solutions are optimized for robust position modeling with minimal operational overhead,” said Brian Schmid, Head of RiskMetrics’ Alternative Investments Business. “This strategic partnership will deliver on both fronts to mutual clients.”
Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced a strategic partnership with RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial
community, to provide intra-day, daily and monthly risk reports to hedge funds and service providers. Paladyne has tightly integrated RiskMetrics’ RiskManager, the industry standard tool for analyzing, measuring and monitoring risk, with Paladyne Analytics Master, a data aggregation warehouse, custom reporting, and reconciliation tool. Both firms’ clients now have a two-way connection enabling them to seamlessly communicate position data to RiskManager and receive back a full-set of risk analysis reports within Paladyne Analytics Master.
Additionally, hedge funds that use Paladyne Analytics Master as a firm-wide custom reporting solution not only have access to RiskMetrics’ risk analytics and investor reporting platform, but also accounting, position, P&L, and investor information. The partnership will enable RiskMetrics’ to easily provide its hedge fund clients’ access to Paladyne Analytics Master.
“Our hedge fund clients now have the ability to effectively manage their investment risk on a timely basis using RiskMetrics’ analytics combined with Paladyne,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “This partnership adds a critical risk component to our integrated front-to-back office product suite and adds significant operational value to our clients.”
“Many of our hedge fund clients are collaborating with us to further develop market standards in independent risk management, transparency, and investor communication to ensure their solutions are optimized for robust position modeling with minimal operational overhead,” said Brian Schmid, Head of RiskMetrics’ Alternative Investments Business. “This strategic partnership will deliver on both fronts to mutual clients.”
Wednesday, July 22, 2009
Horizon launches Horizon Portfolio Manager Version 2.1
Press release
Paris - 21 July 2009
Horizon Portfolio Manager (HPM) V2.1, currently used by hedge funds such as Thames River Capital, is a real time reporting system enabling portfolio analysis trough position keeping and performance measurement attribution, including profit and loss and exposure.
Horizon Portfolio Manager offers a consolidated view of risk across business lines, providing the management with the ability to make better strategic decisions. A new generation of tools is now available with the arrival of Horizon Portfolio Manager version 2.1.
HPM's new standardized platform is designed to make it easier for management at all levels of an organization to identify and articulate risks through its real time monitoring system.
“Due to the fact that the economy is becoming increasingly volatile, risk management and reliable technology were the main focus in our roadmap. Therefore version 2.1 contains a highly flexible and scalable toolkit with features such as VaR analysis and “What if” scenarios. The toolkit is fully customizable and will helps insure a high quality of risk management. “ says Jean-Marc Delfarguiel, CEO of Horizon Software.
The brand new interface takes reporting to a next level, combining powerful risk and analytics screening tools with a flexible reporting suite. The report views can be re-organised in ways that are clear to understand and communicate. All reports can be standardized, thus smoothing the workflow and reducing paperwork and human error.
Paris - 21 July 2009
Horizon Portfolio Manager (HPM) V2.1, currently used by hedge funds such as Thames River Capital, is a real time reporting system enabling portfolio analysis trough position keeping and performance measurement attribution, including profit and loss and exposure.
Horizon Portfolio Manager offers a consolidated view of risk across business lines, providing the management with the ability to make better strategic decisions. A new generation of tools is now available with the arrival of Horizon Portfolio Manager version 2.1.
HPM's new standardized platform is designed to make it easier for management at all levels of an organization to identify and articulate risks through its real time monitoring system.
“Due to the fact that the economy is becoming increasingly volatile, risk management and reliable technology were the main focus in our roadmap. Therefore version 2.1 contains a highly flexible and scalable toolkit with features such as VaR analysis and “What if” scenarios. The toolkit is fully customizable and will helps insure a high quality of risk management. “ says Jean-Marc Delfarguiel, CEO of Horizon Software.
The brand new interface takes reporting to a next level, combining powerful risk and analytics screening tools with a flexible reporting suite. The report views can be re-organised in ways that are clear to understand and communicate. All reports can be standardized, thus smoothing the workflow and reducing paperwork and human error.
Tuesday, July 14, 2009
Algorithmics voted Best Risk Analytics Solution Provider in 2009 Waters Rankings
Algorithmics, provider of risk management systems, announced today that it has been voted the Best Risk Analytics Solution Provider by Waters readers in the 2009 Waters annual financial technology rankings.
Algorithmics’ analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.
Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: “We are delighted that Algorithmics has received this recognition from Waters readers and we would like to thank everyone who voted for us.
“At a time when there is a renewed focus on managing risk across the enterprise and on the interconnectedness of all risk types, this endorsement for the analytics, which underpin our enterprise risk solutions, is very welcome. Best risk analytics is part of Algorithmics’ heritage and with the help of our clients, we’ve continued to develop award-winning solutions based on these analytics for the last 20 years.”
More than 1,000 readers of Waters magazine who work in investment firms voted in this year’s Waters Rankings. In the category of Best Risk Analytics Solution Provider, an estimated 28.5 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 14.9 percent and 12.7 percent respectively.
Phil Albinus, the editor of Waters, reported: “The past eighteen months have proved one certainty: investment firms must have a clear method of measuring and mitigating their risk exposure or disaster will occur. The readers of Waters who work inside investment firms clearly see Algorithmics as the leader in the risk analytics space.”
Algorithmics’ analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.
Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: “We are delighted that Algorithmics has received this recognition from Waters readers and we would like to thank everyone who voted for us.
“At a time when there is a renewed focus on managing risk across the enterprise and on the interconnectedness of all risk types, this endorsement for the analytics, which underpin our enterprise risk solutions, is very welcome. Best risk analytics is part of Algorithmics’ heritage and with the help of our clients, we’ve continued to develop award-winning solutions based on these analytics for the last 20 years.”
More than 1,000 readers of Waters magazine who work in investment firms voted in this year’s Waters Rankings. In the category of Best Risk Analytics Solution Provider, an estimated 28.5 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 14.9 percent and 12.7 percent respectively.
Phil Albinus, the editor of Waters, reported: “The past eighteen months have proved one certainty: investment firms must have a clear method of measuring and mitigating their risk exposure or disaster will occur. The readers of Waters who work inside investment firms clearly see Algorithmics as the leader in the risk analytics space.”
Tuesday, June 30, 2009
Imagine's Derivatives.com -- Voted the #1 risk management solution
All-in-one real-time risk management plus integrated portfolio management
The award-winning choice of thousands of traders, risk managers and portfolio managers worldwide. Imagine serves the Asset Management community, handling the complex risk needs of hedge funds, prop desks, fund-of-funds, pension plans, and sovereign wealth funds.
Benefit from lightning time-to-market via our ASP service, exceptional functionality, and an industry-leading packaged data service that provides real-time prices, security master, corporate actions, implied volatility and rates surfaces, and much more.
Visit Derivatives.com and learn how Imagine can help your business, starting with a two-week, no-obligation free trial.
The award-winning choice of thousands of traders, risk managers and portfolio managers worldwide. Imagine serves the Asset Management community, handling the complex risk needs of hedge funds, prop desks, fund-of-funds, pension plans, and sovereign wealth funds.
Benefit from lightning time-to-market via our ASP service, exceptional functionality, and an industry-leading packaged data service that provides real-time prices, security master, corporate actions, implied volatility and rates surfaces, and much more.
Visit Derivatives.com and learn how Imagine can help your business, starting with a two-week, no-obligation free trial.
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