ZKB Goes Live With Misys Risk Vision 5.5 for Integrated Credit Risk Management and Limits Management
By Misys Plc, PRNESunday, March 28, 2010
LONDON, March 29, 2010 - Misys plc (LSE: MSY), the global application software and
services company, announces today that Zürcher Kantonalbank (ZKB) is now live
on the latest version of the enterprise-wide risk management software, Risk
Vision. The bank is implementing the latest version of Misys Risk Vision to
gather and analyse exposure to risk across its entire business on a local
level as well as globally.
As a long-standing user of Misys Risk Vision, ZKB had the
confidence to maintain a complete and up-to-date view and understanding of
its risk exposure during the recent financial crisis. It was keen to take
advantage of the latest functionality of Misys Risk Vision 5.5 to drive
further improvements. Through real-time views, ZKB benefits from enhanced
exposure measurement, limits management and improved risk mitigation.
The latest release of Misys Risk Vision has enabled ZKB to
benefit specifically from expanded risk mitigation functionality in the area
of netting agreements and collateral. It provides ZKB with additional
coverage in the areas of Commodities, Swaps and Annuity Loans. Continual
optimisation of both intra-day and end-of-day performance allows better
management of daily workflows. This ensures the accuracy of real-time
exposure information for use by both front-office users (via Pre Deal Check
(PDC)) and credit decision makers.
ZKB's Head of Credit Risk Management, Dr. Luc Seydoux states:
"Risk Vision 5.5 provides us with the ability to execute more stringent
credit risk management processes. When the markets were in turmoil during the
fourth quarter of 2008, Misys Risk Vision was of paramount importance to ZKB.
We have significant trading operations so having the information available in
real time was crucial to knowing our risk position relative to our
counterparties' credit risk."
We are committed to ensuring our risk solutions are fully
integrated within a bank's risk framework for true risk consolidation, while
broadening the functional coverage of our components through R&D and
partnerships. Misys Risk Vision is one of the suite of risk solutions from
Misys, providing customers with an integrated risk management framework. Risk
Vision is an enterprise-wide risk management system used by banks to manage
market risk, credit risk and limits in an integrated way with a single view
of every risk exposure across all business areas.
David Stewart, Solutions Director, Misys Risk, commented: "The
development of Risk Vision has centred on offering financial institutions a
total view of their risk whenever and wherever it is needed. We are delighted
to have worked with ZKB to ensure our enhanced functionality offers greater
performance and flexibility to their risk management procedures."
ZKB, Switzerland's third largest universal bank, offers
comprehensive financial services for private, commercial and institutional
customers. It has 4,825 employees in about 100 branches in the Kanton of
Zurich. Misys Risk Vision is now ZKB's core credit risk management system.
ZKB now has a complete view of the products, maturities, lines and country
limits that have been put in place by the bank's executives to manage
exposures and the associated credit and settlement risk of all its financial
products and instruments.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive
solutions that deliver significant results to organisations in the financial
services and healthcare industries. We maximise value for our customers by
combining our deep knowledge of their business with our commitment to their
success.
In banking and treasury & capital markets, Misys is a market
leader, with over 1,200 customers, including all of the world's top 50 banks.
In healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and
services company, delivering results for the most important industries in the
world.
Misys: experience, solutions, results
Contact us today, visit: www.misys.com
For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury & Capital Markets +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathews FD +44(0)20-7269-7158 sebastian.mathews@fd.com
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys, Solutions for Banking and Treasury & Capital Markets, +44(0)20-3320-5530, edward.taylor at misys.com; Sebastian Mathews, FD, +44(0)20-7269-7158, sebastian.mathews at fd.com
Tags: London, March 29, Misys plc, United Kingdom