Consultancy and software firm Risk Integrated released its Generalized Finance System, a Web-based risk measurement and reporting platform that allows banks to run stress tests more securely.
The system helps risk and portfolio managers calculate and report on capital and stress tests for mixed asset types.
This new system is used along with Risk Integrated’s Specialized Finance System’s module for asset-backeds, which can analyze ABS, RMBS, CMBS and CDOs with any combination of underlying assets. Risk Integrated’s Specialized Finance System is used in 20 countries for measuring and reporting on the risk of over $100 billion of commercial real estate assets.
The system helps risk and portfolio managers calculate and report on capital and stress tests for mixed asset types, including retail loans, retail mortgages, corporate loans, commercial real estate, equities and ABS by enabling risk analysts to immediately convert spreadsheet analyses in a robust enterprise-level system.
“Many financial institutions are currently running their stress tests in unwieldy sets of spreadsheets or in inflexible systems with limited capabilities,” said Yusuf Jafry, co-founder and CTO of Risk Integrated. “The GFS enables risk analysts to prototype their models in Excel, but then have them be controlled and audited inside a robust, scalable system with unlimited volumes of data and high calculation speeds.”
Risk Integrated is a consultancy and software firm specializing in risk measurement and reporting.