HSBC Global Banking live with Brilliance client profitability tool

Source: Brilliance Financial Technology

Brilliance today announced that the Global Banking division of HSBC has gone live with the implementation of Brilliance's DealPoint client profitability and portfolio management tool, a comprehensive credit portfolio management platform and relationship profitability desktop application.

Brilliance Financial Technology is a leading provider of credit portfolio management systems located in Sydney, Australia.

DealPoint is a comprehensive credit portfolio management platform that delivers credit analytics enabling banks to evaluate the risk-adjusted return of corporate loans and other credit products; manage customer profitability and manage credit portfolios. The flexible architecture of DealPoint allows it to be rapidly integrated with both third party and in-house developed systems. The DealPoint desktop delivers credit analytics to relationship managers, portfolio managers and decision makers with an easy to use web based interface.

Derek Saunders, Global Head of Portfolio Management, Global Banking at HSBC, said "DealPoint enables us to seamlessly integrate deal and relationship risk return measures with our in-house models and Moody's KMV DealAnalyzer, CreditMark and Portfolio Manager products in a standard deal and relationship profitability application delivered through a single desktop platform.

The ability to forecast complex multiple level risk-adjusted returns through a single application at the point of origination strengthens our existing commercial decision making capability. DealPoint is being deployed globally to Relationship Managers and across Portfolio Management within Global Banking"

HSBC serves over 125 million customers worldwide and is one of the world's largest banking and financial services organisations.

Christopher Grant, CEO of Brilliance Financial Technology, said "Our script based calculation engine and 'meta based' architecture gives us the flexibility to meet different client requirements such as HSBC's and implement solutions in a rapid timeframe."

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