QuIC Financial Technologies, a global solutions provider of risk management, pricing and financial analytics, has launched a Capital Management Solution for calculating, measuring and managing both economic and regulatory capital.
QuIC’s solution is expected to enable banks to not only ensure they have adequate capital to protect their global operations in extreme circumstances, but also help drive better risk management and critical decision-making processes. It has been reported that by capturing risk data from across all operations and delivering granular risk-based calculations that are transparent, QuIC’s Capital Management Solution allows heads of business units and senior management to take controllable actions that improve financial performance.
Justin Forrest, EVP of global sales for QuIC, said: In response to increasing demands from our clients, we developed our new Capital Management Solution to help banks manage their economic and regulatory capital requirements with ease and confidence. Because our solution delivers the most accurate, up-to-date and in-depth information concerning capital requirements, banks can better manage forward-looking capital projections under a range of scenarios, and make sound decisions throughout their organisations.
