Misys International Banking Systems (Misys) has launched version five of its risk management solution Risk Vision.
The upgraded product suite now enables all the risk engines to operate within a single database environment. New extensive drill-down capability enables viewing of all participating trades.
A key feature of Risk Vision 5 is the recent front-end development expanding the Web-based capability of the product. The resulting 'thin client' screens can be implemented quickly and easily, and rolled out to users with minimum impact on client PCs, says the company. The new product features Web-based real time pre-deal checking and trade entry for 'what-if' simulations, which can be integrated with other existing trading systems.
Enhancements to the real-time trade APIs (Application Program Interfaces) ensure trade data is easily shareable between Risk Vision and source systems.
Joanne Shun, product management & support director for Misys' risk management group, says: “The enhanced three-tier architecture means that Risk Vision can support both a global 24 x 7 capability and multi-hub configurations. This means that internationally active banks can trade through all time zones, each centre passing on limit utilisation on a rolling basis, whilst also being able to perform close of business without interrupting trading elsewhere at the end of their trading day.”
Further upgrades include improvements to the system’s credit mitigation capability; improved modelling of collateral portfolios and collateralisation agreements; support for the new Basel II rating factor-based calculations; access to market risk or credit risk results from ad hoc runs or ‘what if’ analyses from the new Portfolio Risk Viewer; and calcualtion of extended market risk statistics by ‘trading desk’ accurate pricing routines.