FRSGlobal, a provider of risk and regulatory reporting solutions on a unified platform, has announced that a global investment bank has signed up to deploy RiskPro, its risk solution for risk management and profitability analysis. Initially, it will be deployed in Japan, Indonesia and India. The deal covers worldwide accessibility and global delivery capability through local presence and international teams.
FRSGlobal’s RiskPro solution is made up of nine modules: ALM, Liquidity Risk, Market Risk, Credit Risk, Basel II, IFRS/IAS 32, 39, Solvency II, Funds Transfer Pricing and Economic Capital and covers scope and depth of financial analysis ensuring consistency of results and reduction in the costs of analysis.
The RiskPro platform utilises a three-tier, client/server architecture in which the user interface, functional process logic, computer data storage and data access are developed and maintained as independent modules, using J2EE and Web 2.0.
Steve Thurley, VP of Asia Pacific and Japan at FRSGlobal, said: “RiskPro is gaining significant momentum in the Asia Pacific region as more banks decide to implement unified risk and profitability analysis solutions across their organisations.“
