Misys has launched new generation of collaborative risk management solutions, under the name of Misys Global Risk (MGR).
The solution’s best-in-class risk, regulatory and workflow modules collaborate with a firm’s in-house or third-party systems in a single enterprise risk technology environment for the first time.
With MGR, banks and financial institutions can now obtain a holistic view of the enterprise risk exposure at any point in time, via an intuitive, interactive dashboard that brings on-demand transparency to limit, market, credit and liquidity risk across trading and banking books. The new solution also enables firms to coordinate, control and manage risk from every part of their organisation, allowing users to make proactive business decisions based on comprehensive risk intelligence.
“Our recent research has identified collaboration as a critical success factor for enterprise risk management,” says Peyman Mestchian, Managing Partner at Chartis Research. “Collaborative risk management is about information sharing, consistency of risk metrics, linkage between front, middle and back office, embedding risk into performance management and breaking down the traditional silos of risk, compliance and finance. Data integration and information visualisation are key enablers for collaboration.”
“Creating a consistent and timely view of global exposure for the different aspects of risk across the business can be a challenge,” states Thierry Truche, Head of Product Management, Misys Global Risk. “This is particularly true where financial institutions operate across multiple trading systems. Management teams are feeling increased pressure to show more ROI on their risk systems, improve transparency and produce reports on an intra-day, or real-time, basis.”