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Risk Management

Risk Management Software Guide

Banks can achieve lower operating costs and reduced losses by using a good risk management software. These systems must also be able to manage market, credit and operational risks. And with regulations such as Basel II, Sarbanes-Oxley Act and the US Patriot Act, it is important to invest in a good risk management software.

Here are some of the best vendors of risk management software and solutions.

Prediction Dynamics

Prediction Dynamics was founded in June 2000 by a group of computational finance academics, software company executives and investment professionals. Prediction Dynamics was originally funded by one of Europe's leading institutional venture capital firms, ACT Venture Capital. We are headquartered in Dublin, Ireland and have a sales office in New York.

Product: Crucible is the only comprehensive quantitative modeling platform for today's investment professional. Nonlinear implied volatility term structure models for risk management.

Source: www.predictiondynamics.com

Fair Isaac Corporation

Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. We work with more than 1,400 financial services providers, including the world's top 10 banks and the top 50 US card issuers.

Products: Falcon™ Fraud Manager protects more than 450 million active payment card accounts worldwide, and processes 65% of all credit card transactions. Risk Manager for Acquirers continuously monitors change in a merchant’s transaction activity, identifying subtle patterns and abnormalities, so you can take fast action to reduce attrition, rapidly detect and prevent fraud, and minimize bankruptcy losses.

Clients: Banco Santander, Bank of America, Bank of New York, Barclays, Capital One, Citibank, Deutsche Bank, GE Capital Corporation, JP Morgan Chase, MasterCard International, Provident Bank, Samsung Capital, Sears, Western Union

Source: www.fairisaac.com

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