About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FINCAD Responds to Customer Needs for Greater Risk Management and Transparency

Subscribe to our newsletter

With the recent US Senate approved bill that means sweeping overhaul of financial regulation and calls for more transparency and prudent risk management, FINCAD, the industry standard for financial analytics, announced the launch of F3 Excel Edition.

In a recent FINCAD survey, financial professionals revealed a greater need for detailed risk management models and better transparency for OTC derivatives pricing solutions. Responding to customer demands, the newest product in the F3 line, F3 Excel Edition, is an extremely flexible solution that provides finance professionals in banks, hedge funds and asset management firms with the ability to respond to the market in real time and rapidly model virtually any complex trade that is not currently in their existing system. In addition, F3 Excel Edition also provides these users with comprehensive risk reports for their complex trades and portfolios to better manage risks faced by their organisations.

“We’ve designed F3 Excel Edition to report detailed risk information at a time where better risk management is vital to the finance industry,” said Bob Park, president and CEO of FINCAD. “The reports not only identify where the greatest exposure exists in a portfolio, but also provide finance professionals with the notional amount required to hedge that risk. This is powerful information that every firm can use. And like all FINCAD products, F3 Excel Edition provides complete transparency into the numbers.”

“The inherent difficulty in modelling complex structures has led to a lack of transparency in understanding how these instruments are valued. As the spotlight on derivatives continues to increase and regulatory pressures mount, analytics libraries need to meet this heightened scrutiny,” said Mayiz Habbal, senior vice president, Celent. “Black-box solutions are not satisfactory anymore and traceability using such functionality as audit logs is a necessity to give the appropriate background information for internal compliance officers and regulators to understand how these financial instruments were valued.”

“During the two months I participated in the F3 Excel Edition beta program, I’ve been impressed with its flexibility to price the complex structures,” said Orlando Calvo, treasury risk analyst, Global Bank Corporation. ”Since I am able to work with the granular components of the trade, I can re-use the building blocks across multiple trades. My spreadsheets are significantly smaller and workbook management is much easier than before. I also like the fact that F3 Excel Edition provides the performance I need to run calculations for large portfolios quickly.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data...

BLOG

The Transformation of Data Management

By Justin Llewellyn-Jones, head of capital markets for North America at Broadridge. Complexity in data and data management is like a fault line running through the organizations and strategies of capital markets firms. It consumes resources, introduces dangerous risks, and limits firms’ ability to capitalize on artificial intelligence and other new technologies. For that reason,...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...