Chartis Names FIS as Category Leader for Credit Value Adjustment Solutions
May 26 2020 - 08:00AM
Business Wire
Key facts
- FIS has been rated by Chartis as a category leader among
vendors that provide credit value adjustment (CVA) solutions.
- FIS ranked best-in-class for completeness of offering and
market potential.
Financial technology leader FIS™ (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, “Technology Solutions for Credit Risk 2.0:
Credit Risk Analytics, 2020,” Chartis placed FIS in the “Category
Leaders” section of the RiskTech Quadrant® for CVA solutions.
Vendors are assessed according to the completeness of their
offerings as well as their market potential. FIS’ solutions were
recognized as best-in-class for asset class support, operational
style coverage, simulation engine, scalability and sensitivity
calculation.
“Banks today are challenged to perform complex calculations for
portfolio and trading risk – all while trying to control costs
during the COVID-19 crisis,” said Martin Boyd, President, Capital
Markets Solutions at FIS. “FIS’ 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.”
“The 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,”
said Sid Dash, a Research Director at Chartis Research. “FIS has
become a category leader for its CVA solutions by providing
trading, accounting and regulatory reporting solutions, which have
become increasingly important in today’s marketplace.”
FIS recently ranked first in the Chartis RiskTech100® and
Chartis Research Energy25 reports, and was named a category leader
in two Chartis reports that assess solution providers of sell-side
risk management technology and IFRS 17 insurance accounting
reporting solutions.
To read the highlights of the Chartis report, visit
https://empower1.fisglobal.com/Risk-as-a-Service.html#featuredinfo1a.
About FIS FIS is a leading
provider of technology solutions for merchants, banks and capital
markets firms globally. Our more than 55,000 people are dedicated
to advancing the way the world pays, banks and invests by applying
our scale, deep expertise and data-driven insights. We help our
clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS is a
Fortune 500® company and is a member of Standard & Poor’s 500®
Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20200526005066/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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