London, 10 January 2018 – The risk management function has evolved significantly over the last decade due to rapidly changing market practices and regulatory developments. Analytically intensive requirements stemming from the introduction of the Basel III framework across the globe are also placing pressure on firms’ legacy technology systems. Is the vendor community servicing the risk function keeping pace with its customers?
This report provides a high-level overview of the risk management technology solution landscape and highlights capabilities related to fundamental review of the trading book (FRTB) requirements, which are part of the Basel framework overhaul. Based on Q2 and Q3 2017 Aite Group phone interviews with 17 senior employees involved in the decision-making and operations of risk management systems in financial institutions, this report also profiles 10 vendors in this space: Calypso Technology, Finastra, FIS, IBM, IHS Markit, Murex, Numerix, OpenLink, Oracle, and Wolters Kluwer.
This 44-page Impact Report contains 32 figures and four tables. Clients of Aite Group’s Institutional Securities & Investments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions AxiomSL, BAE Systems, Intellect Design, Ion Trading, Moody’s Analytics, MSCI, SAS Institute, and Wolters Kluwer.