Risk Integrated’s SFS Platform Achieves U.S. Government FISMA Compliance

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Compliance with Government Standards Ensures Data Security

The fact that Risk Integrated’s SFS was granted FISMA compliance shows current and future clients that we are committed to data security

Today, Risk Integrated, a leading provider of quantitative risk analysis software, solutions, and consulting services for commercial real estate, announced that its flagship Specialized Finance System (SFS) has achieved U.S. government FISMA compliance. SFS, a credit risk management system that has been used by banks for more than a decade, handles large, complex commercial real estate deals with multiple tranches and currencies.

The Federal Information Security Management Act (FISMA) is a U.S. legislation defining a comprehensive framework pertaining to the security of software or data systems provisioned to the government. Risk Integrated was measured against a series of standards, metrics and tests implemented by the National Institute of Standards and Technology (NIST) to achieve FISMA compliance.

“For government agencies and banks, information security is an extremely sensitive issue,” said Dr. Chris Marrison, CEO, Risk Integrated. “The fact that Risk Integrated’s SFS was granted FISMA compliance shows current and future clients that we are committed to data security. Our system complies with the strict cyber-security standards set by the U.S. government.”

“Meeting the FISMA standards was a top priority for us," said Yusuf Jafry, CTO, Risk Integrated. “The certification was a very detailed process that involved our system meeting a myriad of NIST security tests. The fact that our system is FISMA compliant means that federal agencies and private sector banks can be assured the SFS has passed the rigorous security hurdles set by the U.S. government.”

The SFS credit risk management platform allows a financial institution to properly consolidate all commercial real estate loan data into an enterprise-level, integrated system and assess the risk using Monte Carlo cashflow simulation. It enables institutions to make informed business decisions based on quantitative risk analytics and expert judgment. Risk Integrated recently launched the Outsourced Risk Analytics Service to offer banks a new option for outsourcing their portfolio analytics for commercial real estate lending. Portfolio managers can now send their anonymous portfolio data to Risk Integrated’s team of analysts and be sure their data is secure to FISMA standards.

To learn more about the SFS and Risk Integrated, visit: http://www.riskintegrated.com.

About Risk Integrated
With offices in the US and the UK, Risk Integrated, founded in 2001, delivers a complete credit risk measurement platform to leading financial institutions active in commercial real estate lending. We provide detailed risk analytics that can be tailored to individual institutions. The analytics are made available to all users in a full web-enabled enterprise-level system. Over the years, Risk Integrated has delivered risk management and reporting solutions to financial institutions ranging from small regional banks to global commercial real estate banks, the world's largest bank and government agencies. Our proprietary Specialized Finance System, developed and refined over the past ten years, is also used by asset managers for portfolio management and optimization. Prior to using the SFS, the challenges faced by these institutions included limited ability to report on individual assets or portfolios, time-consuming stress-test reporting, and difficulty in getting grading models to give useful or meaningful results for the highly structured assets. Risk Integrated’s technology provides an immediate solution to the challenges and a solid platform for further development if an institution wishes to overlay its own views of the market.

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Charlotte Crivelli
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