Financial technology leaderĀ FISā¢ (NYSE: FIS) has been named a category leader for its credit risk analytics solutions by leading industry research house Chartis Research.
In its new report, āTechnology Solutions for Credit Risk 2.0: Credit Risk Analytics, 2020,ā Chartis placed FIS in the āCategory Leadersā section of the RiskTech QuadrantĀ® for CVA solutions. Vendors are assessed according to the completeness of their offerings as well as their market potential. FISā solutions were recognized as best-in-class for asset class support, operational style coverage, simulation engine, scalability and sensitivity calculation.Fintech News
āBanks today are challenged to perform complex calculations for portfolio and trading risk ā all while trying to control costs during the COVID-19 crisis,ā said Martin Boyd, President, Capital Markets Solutions at FIS. āFISā risk solutions provide sophisticated calculations with state-of-the-art computation techniques to meet regulatory requirements, and can be delivered as a service. We are honored that Chartis has recognized FIS as a category leader for the CVA solutions we provide to our clients.ā
āThe credit risk environment is being driven by changes to regulations and counterparty risk management, emerging techniques for assessing credit and risk, and the demand for data technology,ā said Sid Dash, a Research Director at Chartis Research. āFIS has become a category leader for its CVA solutions by providing trading, accounting and regulatory reporting solutions, which have become increasingly important in todayās marketplace.ā
FIS recently ranked first in theĀ Chartis RiskTech100Ā®Ā andĀ Chartis Research Energy25Ā reports, and was named a category leader in two Chartis reports that assess solution providers ofĀ sell-side risk management technologyĀ andĀ IFRS 17 insurance accounting reporting solutions.
