Zurich, February 20, 2007 -- IRIS integrated risk management ag, a leading provider of integrated solutions for financial analysis, risk management and profitability systems successfully participated at MEFTEC, the most important specialized annual Banking and Financial Technology Event in the Middle East, which was held last week in Bahrain.
The unique integration approach of IRIS attracted the attention of many of the professionals attending the event from more then 20 countries in the region. In numerous presentations during the two exhibition days IRIS demonstrated the latest developments in riskpro™ - the flagship product of IRIS in the field of risk management and financial analysis.
Based on its unparalleled contract-based integration approach, riskpro™ represents a remarkable Best of Breed solution capable of performing scores of different analysis on all financial contracts/instruments known in the world with the highest possible degree of accuracy and processing speed.
Representatives of leading financial institutions from the region had the possibility to get to know the latest functionalities in the field of Market Risk, ALM, Liquidity Risk, Credit Risk, FTP, Dynamic Simulation, BASEL II and many others which are being successfully used by 230 banks from 22 countries worldwide.
Particular outstanding attention was paid to the Islamic Banking capabilities of riskpro™. Due to its exceptional flexibility riskpro™ supports more then 20 Islamic banking instruments and is fully Sharia compliant. In his speech dedicated to “Risk Management for Islamic Instruments”, attended by more than 80 professionals, Mr. Andreas Jäk, Vice President of IRIS, emphasized on the fully integrated approach and flexibility of riskpro™ in the field of financial analysis and risk management for Islamic Banking.
“Due to our extraordinary engagement in research and development activities in the field of Risk Management for Islamic Banking in the last few years we managed to take the leading position among our competitors, to uncover new, until this moment not known horizons, playing a pioneer role and achieving significant results” Mr. Andreas Jäk stated.
“The best proof for this recent success is the fact that in a very short period of time already two of the largest Islamic financial institutions in the region decided to implement riskpro™ as their centralized analytical platform. Once more IRIS has proven that the company is capable of providing on-time high quality results and successfully competing at international level in miscellaneous business environments playing a leading role in the industry”, Jäk concluded.
IRIS AG, founded in 1992 in Zurich, continuously develops, maintains and supports its riskpro™ financial analysis infrastructure. Selling, implementation and consulting are executed worldwide by IRIS AG and in cooperation with a number of regional partners.
riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro™ covers: Market Risk Analysis, Credit Risk Analysis, Performance and Funds Transfer Pricing, Dynamic Simulation, Strategic Enterprise Management (SEM), Limit Management, Settlement Risk, Rating / Scoring, Basel II, Regulatory Capital, Economic Capital, Capital Allocation, IAS 32 & 39 / IFRS 7, Solvency II, Asset and Liability Management, Liquidity risk Management and Analysis, Operational Risk.
These analyses cover all financial products, from saving accounts to exotic options, for 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™ is currently being used or implemented in over 200 small to large financial organizations in 20 countries.
Lidia Suligoj
Sales and Marketing Coordinator
IRIS integrated risk management ag
+41 (0)44 388 59 59
info@irisunified.com