Finastra Retains Top Spot in the Asia Risk Technology Rankings 2017 for Trading Systems
Company achieves six first place rankings in total
Singapore, 6 November 2017 – Finastra has once again topped the Asia Risk Technology Rankings 2017 for trading systems. The recognition reflects Finastra’s expertise in helping clients navigate new regulatory requirements such as IFRS9 and FRTB as well as specifically creating trading solutions which help clients react faster, reduce risks and increase transparency in today’s unpredictable business environment.
“It is a great honor for Finastra to have retained the top spot in trading systems for the second year running,” said Imad Abou-Haidar, Managing Director, APAC at Finastra. “Our clients face increasing pressure to transform and innovate in capital markets. These awards are recognition of our ability to revamp technology infrastructure and help clients meet new regulatory imperatives as well as helping them to take on exciting business opportunities in Asia.”
The Asia Risk Technology Rankings surveys market practitioners in the region to rank vendors based on the performance of their technology in improving the trading value chain experience. Vendors are assessed on their offerings within sub-sectors of risk management, derivatives pricing and analytics, and trading system categories, as well as within support services, data and innovation.
Finastra topped the interest rates, equities, hybrids and back office categories to reach first place for trading systems. It had a strong performance across the Risk Management sub-categories and ranked first in the equities and credit sub-categories for derivatives pricing and risk analytics.
“The new IFRS9 and FRTB requirements have undoubtedly created disruption but alongside this, we have seen financial institutions increasingly take on transformational projects for their risk platforms. Finastra’s unique approach offers clients a set of components that can replace or be implemented with elements of an institution’s infrastructure to create an integrated front-to-back office platform,” said Chee Hwee Seah, the Asia-Pacific Head of Risk Management Solutions at Finastra. “This gives them better insight into their risk attribution and regulatory compliance while achieving significant capital savings and greater operational efficiency.”
Find the full awards write up here.
For further media information please contact:
Caroline Duff
Senior PR Manager, Finastra
T: +44 (0)20 3320 5892
E: caroline.duff@finastra.com
www.finastra.com
Patrick Kilhaney
Public & Analyst Relations Manager, Finastra
T: 917-286-1053
E: patrick.kilhaney@finastra.com
www.finastra.com
About Finastra
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology.
Please visit www.finastra.com.
Finastra corporate headquarters
One Kingdom Street
Paddington
London W2 6BL
United Kingdom
T +44 20 3320 5000