SINGAPORE – 24 SEPTEMBER 2014 – Numerical Technologies today announced that it ranked third in the 2014 Asia Risk Technology Rankings’ Best Innovative Specialist Vendor category. Having won the top position last year, this is Numerical Technologies’ second win in the category in two consecutive years. The rankings reflect the top risk management products based on nominations made by technology users from Asia’s financial sector.
NtInsight®, Numerical Technologies’ award-winning suite of risk management solutions for banks and insurance companies, is characterized by its ability to handle large-scale data using very precise calculations and by the speed by which it completes these calculations. It provides firms the capability to perform realistic transaction-by-transaction simulation and to increase the number of Monte Carlo simulations to more than 1 million iterations.
NtInsight offers a wide range of analytic tools that allows risk practitioners to evaluate their portfolios from different perspectives, identify strengths and vulnerabilities, and build a more favorable risk-return profile. Notable features include a comprehensive set of risk indicators such as Expected Shortfall and the new liquidity requirements, LCR and NSFR; bleeding-edge visualization tools; on-the-fly what-if analysis; and stress and reverse stress test capabilities. In addition, NtInsight’s robust architecture gives firms the flexibility to adapt to new business requirements as well as to the ever-changing regulatory landscape.
“We are very pleased to be named among the top innovative vendors in the region,” said Hideyuki Torii, Managing Director of Numerical Technologies. “We have always worked closely with our clients and our ongoing engagement with them is a key factor in the continuous improvement of our applications. This award together with our first place win in the same category last year attests to our clients’ trust and support, and for that we are both extremely proud and grateful.”
Numerical Technologies continues to innovate and invest in its suite of NtInsight products that include risk management solutions for liquidity risk, credit risk, market risk, operational risk, and ALM.