Fincad provides financial institutions with independent valuations of their securities portfolios for all major asset classes including interest rate, foreign exchange, commodity, credit and equity derivatives, mortgage-backed securities, fixed income securities, and structured products. SAS Risk Management for banking provides risk analyses functionality that allows users to leverage Fincad’s pricing library.
Working together, Fincad and SAS expect to provide firms with risk capabilities covering market, credit, operational, and firm-wide risk, access to one of the cross-asset class derivatives and fixed income analytics libraries that uses industry-standard models and full disclosure of the data, models, analytics, and risk measures.
David Rogers, global product manager for risk at SAS, said: “By leveraging Fincad within SAS Risk Management applications, we can help our clients meet the market demands for more complete and timely risk information by combining the strengths of the two companies.”
Amar Budhiraja, director of Fincad Alliance Program, said: “The derivatives and fixed income valuations provided by Fincad give banks the required level of independent valuation and transparency needed to meet stakeholder and regulatory requirements.
“Third-party solutions from leading vendors such as Fincad and SAS provide banks with a more comprehensive risk management solution, enabling them to save significant time and money over developing the systems in-house, while giving them the scalability and flexibility they require.”
