Product News

New risk management solutions

With the credit crunch in full flow and the need to comply with the Basel II capital adequacy rules, the US Sarbanes-Oxley law and other regulations ever-present, more and more financial institutions are looking for effective enterprise-wide risk management and compliance solutions that can help them monitor their businesses. OpenPages and FiServ are seeking to penetrate this space by launching two new products into the market – respectively, the updated version 5.5 governance, risk and compliance (GRC) OpenPages platform and the FiServ CheckFree Account Certification module, which aims to improve reporting and reconciliation

Intelligence tool for hedging against interest rate risks

Oracle is launching a new Business Intelligence application designed to help financial institutions more effectively manage interest rate risk. The Financial Services Asset Liability Management Analytics offering comes with a pre-built data model that contains more than 3,000 metrics, including market value and duration of equity reports, value at risk, earnings at risk and income simulation tools – all of which can be utilised to provide an integrated view of balance sheet risks and returns, enabling banks or insurers to hedge against changing interest rates or other risks

Integration software

Sungard is seeking to take advantage of financial institutions current fondness for using service orientated architectures to eliminate legacy, by launching a new integrated software brand. Called Ambit, the new offering includes functionality from the existing Apsys, BancWare, STeP and AvantGard ranges and utilises Sungard’s Infinity development and management platform, which is supposed to provide an easy integration path and ensure that software-as-a-service deployments can be quickly rolled out. A team of installation experts is also on offer alongside the re-branded solutions