Wolters Kluwer and Financial Network Analytics (FNA) today announce the establishment of an Asia Pacific alliance that will enable a faster, quicker and ultimately deeper analysis of market dynamics.
Using network science, the FNA platform provides an intuitive visualization of the complex interconnections between elements of financial networks. It creates a map that can communicate and help financial experts to understand market dynamics quickly and effectively.
The solution takes complex data tapped from either public data sources or a financial institution’s data and crunches it into dashboards. The map created is displayed from a network perspective, centered around the financial institution’s portfolios, providing an overall view of the institution’s universe.
The financial institution can then access the dashboard to make decisions based on the information provided, whether they are a regulator looking at systemic risk, an asset manager who needs to take action on a portfolio, or a credit risk officer trying to identify what macro economic factors have the biggest influence on the institution’s customer defaults. The user can also perform adaptive stress tests to anticipate the overall effects.
“With heightened regulatory requirements, our banking customers more than ever need to respond to fast changing market conditions and manage increased reporting to regulators. Together with our other OneSumX modules, this intelligent solution will enable them to quickly run stress tests as well as facilitate compliance with the new international accounting standard IFRS 9,” says Chris Puype, managing director, Asia Pacific, for Wolters Kluwer’s financial services business.
“We are pleased to work with Wolters Kluwer in Asia Pacific. The firm’s market reach and understanding of the various regulatory and strategic challenges banks in the region face makes it an ideal associate as we look to develop our presence here,” said Ran Fuchs, CEO of FNA.
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division’s prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Lien Solutions, Corsearch, TyMetrix® 360, Passport®, LegalVIEW®, GainsKeeper®, OneSumX®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
Financial Network Analytics (FNA) helps financial professionals gain an immediate insight of portfolios, markets, and systemic risks. FNA’s graph algorithms reveal interconnected risks, and our cloud-based solutions distill complexity into visual decision-making signals.
Over a decade of pioneering research into financial networks makes the company a leader in the field. FNA’s clients include wealth managers, asset managers, the world’s largest central banks, infrastructure providers and leading financial institutions. Its technologies enable clients to oversee complex financial networks, visualize global market dynamics, identify risks and much more. FNA was founded in 2013 and is headquartered in London:
For more information, visit www.fna.fi and maps.fna.fi, contact the firm at +44 20 3239 3903, and follow FNA on Twitter @fnalab.