Misys Credit Risk Vantage Unveiled as Latest Solution in Misys' Expanding Risk Management Portfolio


LONDON and FRANKFURT, Germany, June 5 /PRNewswire/ --

- Extends Suite of Leading Risk Solutions Based on Misys Risk Vision's
Central Platform

Misys plc (LSE: MSY.L), the global application software and services
company, today at the Risk Europe annual conference in Frankfurt launched
Misys Credit Risk Vantage, the latest credit risk offering from the portfolio
of Risk solutions offered from Misys. The solution was initially developed as
a new component for Misys Risk Vision to provide additional key credit risk
modeling functionality to that already offered from Misys Risk Vision. Misys
Credit Risk Vantage brings financial institutions an additional
straightforward model to reduce parameter uncertainty within their business.

Misys Credit Risk Vantage is available both as a standalone solution as
well as integrated with other Misys solutions to give customers a simple
auditable actuarial model which can interoperate with other systems, offering
the customer much more choice to measure and manage portfolio risk.

"We have developed Misys Credit Risk Vantage in response to customer
requirements to have more than one way of modelling Risk, taking into account
the balance that is needed between speed and accuracy," comments David
Stewart of the Misys Risk Group. "They frequently are hampered with not
accurate enough views of their total exposure - The new solution provides
them with this benefit."

This is the latest development in Misys' long history of providing risk
management products and services which bring value to its customers. "The
knowledge and skills we have honed over the last two decades through
providing our customers with world-class risk solutions, has enabled us to
bring this latest product to market very quickly," adds Stewart.

"Our customers have charged us with developing the next era of risk
management solutions to help them cope with the rapidly changing landscape in
which they operate, which we have been able to do. Where financial
institutions in the recent past could manage risk in separate silos, the
global economic crisis has exposed the limitations of this practice. Everyone
needs a much more consolidated view of all risk within their operations, in
particular around limits management and across multiple asset classes. We
have brought the best components of our Risk solutions together so that we
can provide them with better overall visibility across the enterprise and the
transparency to make calculations and decisions in real time."

The Misys Risk Group operates to provide ways to readily enhance and
optimise the solutions provided from the Risk solutions including Misys Risk
Vision, Opics Risk Plus, Summit Risk, Eagleye, Risk IQ and Almonde, solutions
that cater for every risk need in a financial institution. The Misys Risk
Group has capitalised on the flexibility within Risk Vision to build
additional risk components once and deploy them multiple times throughout all
its solutions.

Cubillas Ding, Senior Analyst at Celent, comments, "There is a
significant shift towards more consistency in firm-wide efforts to
proactively measure, monitor and control risks in tandem rather than in
parts, which is not surprising given the learnings from recent crisis events.
However, for most organisations, a radical overhaul of risk systems is not
likely to be either realistic or cost-effective. Hence, we are seeing more
firms utilising component-based approaches as a starting point to facilitate
a consolidated view of exposures, and to enable the incremental development
of new capabilities."

As one of the key solutions of the Misys Risk Group, Risk Vision is a
functionally advanced system delivering risk measurement for the banking and
trading book, stress testing, advanced risk modelling and real-time risk
control via the highly flexible and advanced "Exposure and Limit Management"
module; which is fully integrated with the risk calculation engine at
enterprise and departmental level. Risk Vision takes into account the
interactions between market and credit risk, it has advanced pattern analysis
techniques to identify patterns of stress and the capture of tail
dependencies with a view to the modelling of credit derivatives and the
measurement and management of contagion.

About Misys plc

Misys plc (LSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: experience, solutions, results

Contact us today, visit: http://www.misys.com

For further information please contact

    Edward Taylor
    Global Head of Public Relations
    Misys Solutions for Banking and Treasury & Capital Markets
    +44(0)20-3320-5530
    edward.taylor@misys.com

    Sebastian Mathews
    Financial Dynamics
    +44(0)207-269-7158
    sebastian.mathews@fd.com



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.