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Follow on Google News | Major Dutch bank Van Lanschot selects riskpro for Asset Liability Management and Value at RiskThe financial analysis tool riskpro™ was selected by top 10 Dutch bank Van Lanschot Bankiers as a core tool for its risk management. The project focuses on ALM and VaR.
By: IRIS integrated risk management ag Triggered by the growth of the bank and by increased regulatory demands, a software evaluation project was launched in 2006. The decision for riskpro™ was made at the beginning of 2007, and the contract was signed in March 2007. Implementation started immediately after contract signing. Henri-Jan Staal, Head of Risk Management, concluded: "riskpro™ offers a consistent view of several risk categories. We have seen that we can model quickly our most sophisticated products and generate essential internal and regulatory reports. The bank has the option to move quickly and in a cost effective way into new types of analyses, e.g. additional Value at Risk methodologies.” Kris Luyten, Senior Consultant at IRIS AG, commented: "riskpro™ is the perfect tool for a growing and ambitious bank. It provides a low cost of entry because of its modular structure. At the same time it models complex products and provides sophisticated analyses." About riskpro™ riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost-effective integrated analysis infrastructure. riskpro™ covers ALM, market and credit risk analytics including Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Limits, Historization, Basel I and II, Risk-Adjusted Performance Analysis, Credit Exposure, Credit Loss, IFRS 39, etc. These analyses cover the banking and the trading books - both on and off the balance sheet - for any type of financial products: from saving accounts to exotic options using any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro™ ensures precision and consistency in all results. riskpro™ has such an ideal and easy way to implement Basel II as a first step for a cost-effective integrated financial analysis infrastructure. It is recognized by customers and established consultants as the most integrated solution on the market. riskpro™ is currently being used or in implementation in over 230 small to large financial organizations in 20 countries in the retail, wholesale and development field. About IRIS IRIS AG (www.iris.ch) For more information, contact: Lidia Suligoj IRIS marketing & sales support coordinator +41 (0)44 388 59 59 iris.info@iris.ch www.iris.ch Website: www.iris.ch End
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