FINCAD, the leading provider of OTC pricing and risk management solutions, announced today that Raiyun Information Technology Ltd, a risk management service and solutions provider to Chinese financial institutions, will be embedding F3 analytics into its new risk management system, Raiyun Market Risk Management System (Raiyun Market).
Owned by Shanghai Kuahong Capital Management Ltd, Raiyun will be providing a new risk management service to banks, hedge funds, securities and insurance companies in the Chinese market. F3 analytics will power the valuation, risk analysis, and stress testing components of this new risk management solution, while limiting any manual manipulation. In addition, F3 will also be used to enhance the valuation and portfolio management capabilities of Raiyun’s new treasury management system.
“F3 is an important component in our enterprise risk management system for the Chinese market,” commented Dr. Wei Xu, Director of Research, Raiyun. “It is reliable, scalable, and compatible with our system architecture. Using F3 as our calculation engine means we can focus efforts on application development and better serve the needs of the market.”
“We’re excited to have Raiyun as one of the first FINCAD Alliance Partners in China,” said Amar Budhiraja, Director of Strategic Business Development, FINCAD. “As the market for derivative products in China grows in an evolving regulatory environment, Chinese financial institutions will need to have robust risk management systems in place. We are confident that Raiyun Market powered by FINCAD’s industry leading pricing and risk analytics will help Raiyun’s clients manage risk and meet regulatory requirements efficiently.
For more information about Raiyun’s risk solutions, visit http://www.raiyun.com
Shanghai Raiyun Information Technology Ltd. was founded in 2012. Its main goal is to provide local risk management service and solutions for Chinese financial institutes, such as banks, funds, securities companies and insurance companies. Currently, Raiyun is developing a risk management system, including market risk measurement, products valuation, credit and operational risk measurement and parameters calculation, for the Chinese market. Raiyun is owned by Shanghai Kuahong Capital management Ltd.
Dr. Wei Xu
About FINCADFounded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-