Prometeia has been awarded the “Enterprise-wide stress-testing product of the year” in the Risk Technology Awards 2018, hosted by Risk.net.
Risk.Net organizes an annual industry survey to recognize the leading vendor solutions for enterprise, operational, and credit risk. The independent panel of judges is comprised of technology users, risk management practitioners and members of the editorial team.
This prestigious recognition comes just a few weeks after other important acknowledgements by Chartis Research for Prometeia’s solutions for Credit Risk, Data Integrity and Control, and Balance Sheet Management.
ERMAS Stress Testing software has been specifically designed to support the EU-wide Stress Tests required by the European Banking Authority (EBA): it combines macroeconomic scenarios, repricing and lending rate pass-through dynamics, credit parameters, the output of relevant satellite models and constant balance sheet assumptions in an integrated cash-flows engine. The module ensures consistency of the projections of P&L and credit risk metrics, with the aim of producing the required final reporting templates. Powerful drill-down capabilities enable users to explain results and obtain regulators' validation.
Prometeia develops ERMAS – a fully integrated platform supporting Balance Sheet Risk Management, Regulatory & IFRS Compliance, Performance Management & Control, Credit Risk Analysis and Credit Decision Management.
ERMAS, the new generation of value-centric risk solutions, is used by over 200 clients in more than 20 countries to support their critical decisions and to comply with local and international regulatory requirements.
Risk magazine and Risk.net are among the main sources of information for the risk management and financial trading technology communities. As a part of the InfoPro Digital group, Risk.net has more than 600,000 monthly page views, targeting business and finance executives, industry analysts, professional advisors, academics and government officers, from all major investment banks and asset management firms across the buy- and sell-side and other specialist areas servicing the financial markets.