FSRGlobal has launched RiskPro TNG, its risk and profitability analysis system.
The company said that RiskPro TNG provides a single, scalable, x-risk solution enabling financial institutions to analyze profitability and manage risk. RiskPro TNG has been developed against the backdrop of the increasing pressure upon financial institutions to manage risk and supplying regulators with a coherent picture of their overall risk exposure, the company noted.
RiskPro TNG is also a completely re-engineered technology platform to facilitate the processing of larger volumes of data at a far higher rate than previously available and satisfies the industry-wide drive towards the processing of information across-asset classes, across-department, across-risk type and the demand for regular stress testing scenario analysis, combined with complex regulatory reporting that contain risk analysis information, added FRSGlobal.
Willi Brammertz, risk advisor at FRSGlobal, said: The answer to the silo and consistency problems is a solution such as RiskPro TNG, using a scalable core calculation engine, operating upon integrated and consistent data. Creating reports for different analytical needs simply becomes a matter of selecting the appropriate reporting elements, filtering financial events and finally reporting the result according to the structure of the method of analysis.
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