OpenLink found as key Basel III solution
12 February 2014 Massachusetts
Image: Shutterstock
Chartis’s review of vendors has found that OpenLink Financial, which provides transaction lifecycle management solutions, is a key Basel III solution leader.
OpenLink has been placed as a category leader in the Chartis RiskTech Quadrant for Basel III, a distinction which recognises risk technology vendors that have the necessary depth and breadth of functionality, technology and content, combined with the organisational characteristics to capture significant market share by volume and value, according to the report.
OpenLink’s solution to help meet Basel III requirements provides analytics and reporting, as well as a golden copy of data from asset-liability management, trades and positions, to analyse credit and liquidity risk. Advanced risk analytics, stress-testing, counterparty risk-adjusted valuations, risk visualisation dashboards and a suite of risk reports are also available along with collateral management capabilities, such as optimisation and margin horizon calculations.
“When you take into consideration the Basel III distinction this year and the collateral management designation last year, OpenLink has a very strong story to tell financial services firms about the breadth of its TLM system,” Mark Greene, CEO of OpenLink. “We also offer best-of-breed capabilities for many strategic functions that support financial transaction processing.”
OpenLink has been placed as a category leader in the Chartis RiskTech Quadrant for Basel III, a distinction which recognises risk technology vendors that have the necessary depth and breadth of functionality, technology and content, combined with the organisational characteristics to capture significant market share by volume and value, according to the report.
OpenLink’s solution to help meet Basel III requirements provides analytics and reporting, as well as a golden copy of data from asset-liability management, trades and positions, to analyse credit and liquidity risk. Advanced risk analytics, stress-testing, counterparty risk-adjusted valuations, risk visualisation dashboards and a suite of risk reports are also available along with collateral management capabilities, such as optimisation and margin horizon calculations.
“When you take into consideration the Basel III distinction this year and the collateral management designation last year, OpenLink has a very strong story to tell financial services firms about the breadth of its TLM system,” Mark Greene, CEO of OpenLink. “We also offer best-of-breed capabilities for many strategic functions that support financial transaction processing.”
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