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The FST Awards 2011 Shortlist

Risk management software of the year

This award will recognise success in the development, implementation and running of risk management software for the financial sector. Applicants must demonstrate how their software has been developed to best benefit the financial sector, and evidence of performance should be provided where possible.

ITRS Group Plc

Intraday Breach Predictor (IBP) combines historical data with real-time information to create a profile of a ‘normal’ day, which is compared to the current system status to make real-time predictions of whether a system will run within its operating parameters or, if not, when a breach is likely to occur.

PensionsFirst

PensionsFirst provides advanced risk management services to the defined benefit (DB) pensions industry. Through PFaroe, a web-based service launched in November 2009 that delivers fast, accurate and up-to-date pension scheme information, PensionsFirst aims to transform the way pension scheme sponsors and trustees take control of their pension risk.

SunGard

Today, most insurers manage risk data within each discipline without a cohesive view of the exposure throughout the business. Anticipated changes in the regulatory and financial reporting environment related to Solvency II (EU), SAM (S. Africa), and IFRSPrinciples-based approach (US), will require that insurers integrate risk operations and implement an enterprise level of governance and control for processes and data management that is fully transparent and auditable. This will require the implementation of a comprehensive ERM framework that enables sound risk decisions. iWorks ERM helps actuaries and executives align risk-based decisions with business goals by enabling a 360° view of risk data, powered by advanced analytics, to promote improved risk management through greater visibility, transparency, and control. Effective ERM also requires people, processes and technology. iWorks ERM helps insurers realize the benefits of a cohesive risk management organization and supports improved collaboration and communication throughout the insurance enterprise.

Vichara Technologies

V* Product Suite sets a new standard in cloud-enabled risk measurement and valuation software for RMBS and CMBS market participants. With its modular design, its integration with leading model providers, and its open and extensible architecture, V* provides rich out-of-the-box functionality yet affords its users the opportunity to customize the product to meet specialized needs.

Wolters Kluwer Financial Services

Following the acquisition of FRSGlobal in September, Wolters Kluwer Financial Services has established itself as the leading worldwide provider of compliance and risk management solutions for the financial services industry. New offerings in 2010 include Sword ERM for Solvency II; an FRSGlobal line of advanced analytics with the inclusion of in-built dashboards; and the UK launch of Compliance Resource Network.

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