QuIC Financial Technologies

QuIC Financial Technologies

August 21, 2009 05:00 ET

QuIC Launches Capital Management Solution for Global Banks

Risk Management Leader Meets Demand for Rapid, Accurate View of Economic and Regulatory Capital Requirements

VANCOUVER, CANADA--(Marketwire - Aug. 21, 2009) - QuIC Financial Technologies Inc., a global solutions provider of risk management, pricing and financial analytics, today announced the launch of its widely anticipated Capital Management Solution-a powerful and easy-to-use solution for calculating, measuring and managing both economic and regulatory capital.

"In response to increasing demands from our clients, we developed our new Capital Management Solution to help banks manage their economic and regulatory capital requirements with ease and confidence," stated Justin Forrest, Executive Vice President of Global Sales for QuIC. "Because our solution delivers the most accurate, up-to-date and in-depth information concerning capital requirements, banks can better manage forward-looking capital projections under a range of scenarios, and make sound decisions throughout their organisations."

As financial risks and capital requirements evolve, and as regulatory compliance guidelines continue to emerge, banks are demanding immediate accessibility to critical risk data, and visibility into their capital requirements. They must ensure investments in risk technology keep up with the constantly changing environment.

"For many banks, capital management has been limited by disparate technologies and simplistic modeling capabilities that lack integration, power and flexibility," added Forrest. "The end result is a high degree of inefficient, inaccurate risk-based capital measures that provide limited visibility. Banks have been forced to rely on inappropriate data when making critical risk decisions."

To address these needs, QuIC's Capital Management Solution provides banks with an easily customisable, scalable and very fast system for calculating regulatory and economic capital requirements.

QuIC's solution enables banks to not only ensure they have adequate capital to protect their global operations in extreme circumstances, but it also helps to drive better risk management and critical decision-making processes. By capturing risk data from across all operations and delivering highly accurate and granular risk-based calculations that are transparent and easy-to-understand, QuIC's Capital Management Solution allows heads of business units and senior management to take controllable actions that improve financial performance.

For more information on QuIC's Capital Management Solution, please visit www.quic.com.

About QuIC Financial Technologies, Inc.

QuIC is a global solutions provider for risk management, pricing and financial analytics. The QuIC Product Suite features an exceptionally fast vector-based calculation and simulation platform for pricing, risk management and financial analytics. Built with fully open technology, the QuIC Product Suite integrates easily with in-house and partner systems and operates in diverse environments, from a single laptop to large distributed grids. QuIC technology is delivered on a shared calculation fabric available to multiple recipients throughout the enterprise, allowing risk management professionals to collaborate in developing new analytics strategies and technology solutions.

Trademarks

QuIC, the QuIC logo, and QuIC Analytic, QuIC Analytics - XL, QuIC Analyzer, QuIC Engine, QuIC Functions, QuIC Integration, QuIC Links, QuIC Mechanics, QuIC Network Engine, QuIC Platform, QuIC Product Suite, QuIC Publisher, QuIC Script, QuIC Simulation Framework, QuIC Run, QuIC View, and QuIC Workbench product names are trademarks of QuIC Financial Technologies Inc. or a licensor in Canada, the United States and/or other countries.

Contact Information

  • QuIC Financial Technologies Inc.
    Julie Zuzek
    Director of Marketing and Communications
    +44 (0)20 7562 4570, Mobile: +44 (0)7917 880 525
    +44 (0)20 7562 4571 (FAX)
    julie.zuzek@quic.com
    www.quic.com