The partnership is a fundamental step in riskart's expansion into the Spanish market and will provide clients with first class services in terms of installation, integration, customization and support of riskart in Spain and Portugal.

With this strategic alliance, VASS continues expanding their presence and capabilities in Capital Markets business line, covering the whole private banking and asset management product life-cycle and offering their customers unique and valuable services with the most effective technologies.

"Our partnership with VASS is based on the jointly held conviction that post-trade automation of OTC derivatives processing is still a key area of attention from banks, fund companies and corporates. The availability of highly customizable, robust and cost-effective software, together with strong local support, are two key elements that will allow the market to effectively address current and forthcoming challenges in an area that is undergoing rapid change," says Franco Marinotti, riskart's CEO.

The General Manager of VASS, Javier Latasa , added, " We are extremely pleased to have signed this partnership with riskart. riskart's technology and in-depth expertise in the OTC derivatives area will provide a natural synergy with our fast-growing Financial Services consultancy division and will enable us to address client issues in the middle and back office with innovative, open and reliable solutions that can be easily customized to meet specific client requirements."