Designed to operate both as a risk aggregation tool and a presentation dashboard, the new system provides banks with a suitable way to control and manage risk at all levels.
Misys Global Risk product management head Thierry Truche said, "It is vital that financial services organizations have the complete view of all risks across the entire enterprise so they can be controlled and managed as effectively as possible."
"Misys Risk Insight provides senior management with full and immediate transparency on the risks taken by all business units," Truche added.
"Risk Insight provides CROs and group Senior Management with continuous assurances that all business units operate within the defined risk appetite and risk strategy."
Enabling chief risk officers, heads of business lines or risk groups, as well as trading executives in risk management, the tool monitors key risk indicators and alerts dynamically across different risk classes.
Collecting vital inputs pertaining to risk from every part of the institution into one central place, Risk Insight allows decision makers to bring risk transparency to a new height.
Offering easy-to-view dynamic data, the dashboard enables anyone within the organization to work with the same risk intelligence.
Established through the combination of Misys with Turaz, the new company serves more than 1,800 customers in 120 nations and delivers any array of financial software to meet their needs.
