Source: Wall Street Journal

Misys Global Risk wins accolade for "excellence and innovation" in risk management

After only six months from launching its innovative suite of risk management products, Misys has won the "Risk Management Software of the Year" award. The annual FS Tech awards, presented on 17 April 2013 at The Lancaster Hotel in London, recognise excellence and innovation in the field of information technology within the Europe, Middle East and African financial services sector.

The award was presented to Misys for its success in the development, implementation and running of risk management software for the benefit of the financial sector. The company won against a strong field of contestants, including Landmark Quest/Lloyds Banking Group, Omgeo, OpenGamma, Quantifi, Quartet FS, Tinubu Square and Wolters Kluwer Financial Services.

Misys Global Risk (MGR) launched on 1 November 2012. It was recognised by the judges for being an innovative modular risk management solution which has taken a different approach to risk management. MGR offers a centralised and comprehensive governing layer of risk analysis and reporting with industry-proven risk modules that are able to deliver seamless collaboration and improved decision making, irrespective of where the information lies, whether in-house at the bank of in a third party system.

"We are delighted that we have won this award," states Thierry Truche, Head of Product Management, Misys Global Risk. "The innovation in our product enables our customers to create a consistent and timely view of global exposure for all aspects of risk across their business. Management teams are feeling increased pressure to show more ROI on their risk systems, particularly where financial institutions operate across multiple trading systems. Our solution allows them to do this with ease, improving transparency and making it possible to produce analysis and reports on an intra-day, or real-time, basis."

About Misys

Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading and risk solutions available on the market. With 1,800 customers in 120 countries our team of domain experts and partners have an unparalleled ability to address industry requirements at both a global and local level.

Misys is able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organisations turn to for help solving their most complex problems.