Iris to distribute Prospero credit rating and AML technology

Source: IRIS

IRIS, Swiss provider and implementer of the field proven riskpro unified financial analysis software for enterprise risk and profitability management announced today the signing of a global solutions distribution agreement with Prospero, a Swiss technology provider specialized in credit risk rating and optimization solutions as well as in money laundering and fraud detection business.

The Prospero's credit rating solutions PRO-CR and PRO-AML can be seamlessly integrated to IRIS' riskpro financial analysis infrastructure based on the riskpro contract data definitions.

PRO-CR optimizes rating models by improving the validation and benchmarking process of existing rating models and supports the building of new rating models, in line with the BASEL II requirements. PRO-AML Anti Money Laundering allows to identify suspicious transactions and persons with the corresponding monitoring and control of business processes.

"This global agreement with Prospero allows IRIS to complement its risk and financial analysis solution offering with proven best-of-breed solutions. Since the solutions can be implemented as stand alone or in connection with riskpro, they are particularly appealing for emerging markets", commented Andreas Jäk, IRIS VP Sales and Marketing.

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