The importance of prudent management of Liquidity Risk has grown in recent years and has attracted much attention around the world. An increase in competition over raising deposits, changes in depositors preferences, increase in off-balance sheet operations and technological improvements have affected banking corporations’ structure of funding sources and they way they manage liquidity risk. Innovation abounds and financial institutions around the world are continuing to transform their patterns of risk technology expenditure and usage.
The importance of prudent management of Liquidity Risk has grown in recent years and has attracted much attention around the world. An increase in competition over raising deposits, changes in depositors preferences, increase in off-balance sheet operations and technological improvements have affected banking corporations’ structure of funding sources and they way they manage liquidity risk. Innovation abounds and financial institutions around the world are continuing to transform their patterns of risk technology expenditure and usage.
This shift is characterized by a number of key trends that have set the tone for RiskTech innovation that are:
- The rapid rise of lighter, cloud based solutions
- Emergence of new and novel approaches
- Exploitation and control of data to unlock greater efficiency and performance
- Magical technologies like Artificial Intelligence
Indeed, the fevered dash for compliance that characterized the post crisis era has given way to a more cautious enthusiasm, tempered by experience. Firms have a new realism about what technology can achieve, paying more attention to using the right tools for the right use cases on the right platforms.
A Proud Moment for Intellect
Risk technology is a diverse, fast moving space and to keep pace with the latest trends in the market, and to keep pace with the latest trends in the market, RiskTech100® have recognized a number of firms globally, across a wide range of categories and have declared Intellect Design as the Winner in the Liquidity Risk and ALM solutions category at RiskTech100® Awards 2019.
RiskTech100® is an annual ranking of the top 100 players in the market for risk and compliance technology. It is produced by research firm Chartis Research. RiskTech100® is globally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology. Using a robust, repeatable methodology, it ranks the top 100 risk technology providers, and identifies the top players in specific risk and compliance categories. Vendors from all areas of risk technology make detailed submissions to our team of industry experts, which analyze these and other data sources to develop the final rankings.
The RiskTech100 Awards ceremony was held in New York on November 8th 2018. The prestigious event recognized the category winners, and highlighted a clutch of Rising Stars that are making an impact in the market.
About Intellect Design Arena Limited
Intellect Design Arena Ltd. has the world’s largest cloud-native, API-led microservices-based multi- product FinTech platform for the Global leaders in Banking, Insurance and Capital Markets. It offers a full spectrum of banking and insurance technology products through its four lines of businesses – Global Consumer Banking, Global Transaction Banking, Risk, Treasury and Markets, and Insurance. With over 30 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives.
Intellect pioneered Design Thinking to create cutting-edge products and solutions for banking and insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design center for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. Intellect serves over 270 customers through offices in 57 countries and with a diverse workforce of solution architects, and domain and technology experts in major global financial hubs around the world. For further information on the organization and its solutions, please visit www.intellectdesign.com
