Van Lanschot Bankiers, a major Dutch bank, selects riskpro™ for Asset Liability Management and Value at Risk
Triggered by the growth of the bank and by increased regulatory demands, a software evaluation project was launched in 2006. The decision for riskpro™ was made at the beginning of 2007, and the contract was signed in March 2007. Implementation started immediately after contract signing.
Henri-Jan Staal, Head of Risk Management, concluded: "riskpro™ offers a consistent view of several risk categories. We have seen that we can model quickly our most sophisticated products and generate essential internal and regulatory reports. The bank has the option to move quickly and in a cost effective way into new types of analyses, e.g. additional Value at Risk methodologies.”
Kris Luyten, Senior Consultant at IRIS AG, commented: "riskpro™ is the perfect tool for a growing and ambitious bank. It provides a low cost of entry because of its modular structure. At the same time it models complex products and provides sophisticated analyses."
riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost-effective integrated analysis infrastructure. riskpro™ covers ALM, market and credit risk analytics including Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Limits, Historization, Basel I and II, Risk-Adjusted Performance Analysis, Credit Exposure, Credit Loss, IFRS 39, etc. These analyses cover the banking and the trading books - both on and off the balance sheet - for any type of financial products: from saving accounts to exotic options using any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro™ ensures precision and consistency in all results. riskpro™ has such an ideal and easy way to implement Basel II as a first step for a cost-effective integrated financial analysis infrastructure. It is recognized by customers and established consultants as the most integrated solution on the market.
riskpro™ is currently being used or in implementation in over 230 small to large financial organizations in 20 countries in the retail, wholesale and development field.
About IRIS AG
IRIS integrated risk management (www.iris.ch), founded in 1992 in Zurich, continuously develops, maintains and supports its riskpro™ financial analysis infrastructure. Selling, implementation and consulting are executed worldwide by IRIS AG and in cooperation with a number of regional partners.
IRIS integrated risk management ag
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IRIS integrated risk management ag
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