Given the regulatory and competitive pressures that firms face, they need tools that can help them maximize the data that is the lifeblood of their financial instrument trading and enterprise-wide risk management strategies.
New York, NY (PRWEB) November 14, 2013
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, today announced that it was designated as a category leader in the 2013 Chartis RiskTech Quadrant™ for Data Management and Business Intelligence for Risk, according to Chartis, a research and advisory firm that independently reviews the offerings of risk technology solution providers.
Financial institutions are faced with the problem of providing clear, relevant information on the whole enterprise to senior management. In large, multinational institutions with multiple technology systems, gaining a coherent view of the financial position and risk faced by the organization will always be difficult. At the same time, this viewpoint is vital for effective risk management and improving performance.
OpenLink is well-positioned to help financial services firms achieve optimal data management and business intelligence (BI) capabilities, and can also provide TLM support.
OpenLink can facilitate these BI and data management needs with CubeIntelligence, a business intelligence platform that works with both its Findur system supporting financial transaction lifecycle for hedging and funding multiple asset classes, and Endur platform for front-to-back office commodities trading and risk mitigation. CubeIntelligence can be integrated with Findur, Endur and other OpenLink offerings to perform what-if scenario analysis and develop analytic insights into model performance.
Dr. Mark Greene, OpenLink’s CEO said, “Financial services firms have urgent, major data management concerns, ranging from developing a big data strategy to extracting key information from data silos. Given the regulatory and competitive pressures that firms face, they need tools that can help them maximize the data that is the lifeblood of their financial instrument trading and enterprise-wide risk management strategies.”
Chartis is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information, visit http://www.chartis-research.com. Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.
Founded in 1992, OpenLink (http://www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.