Risk modelling solution provider SolveXia has joined the Fincad Alliance Program to integrate Fincad’s derivative pricing libraries into its SolvenSeerF+ application. Via this partnership, users of SolvenSeer F+ will have access to Fincad’s cross asset risk analytics and are able to leverage the Fincad software for robust derivative valuations by next year, says the vendor.
The SolvenSeer F+ application is aimed at providing users with access to a range of asset projection functionality across asset classes in all major countries, says the vendor. SolveXia hopes that by incorporating Fincad’s analytics library into its infrastructure, it will be able to significantly enhance its existing actuarial projection systems. It indicates that it will make the SolvenSeerF+ service available to its clients in the second quarter of 2009.
Jonathan Glass, managing director of SolveXia, explains motivation behind the partnership: “Scrutiny of risk assessment is bound to become more stringent in the years leading up to increasing regulation demanded by Basel II and Solvency II. A new generation of risk modelling will be called upon to gain a better understanding of risk profiles and acceptable levels of capital that must be set aside to satisfy investors and policy holders that their security is indeed safe.”
Amar Budhiraja, programme Manager, Fincad Alliance Programme, adds: “In today’s volatile market, there is a vital need for comprehensive and efficient derivatives analytics to better manage risk. SolveXia’s integration of Fincad analytics will address this need and provide its clients in the insurance, investment and resource trading industries with extensive risk modelling capabilities.”