Business
KRM22 announces partnership with Vector Risk
KRM22 announces partnership with Vector Risk.
About this update from Krm22 Plc
[{"type":"text","content":"\n \nRNS Number : 4146G KRM22 PLC 06 November 2018 \n\nKRM22 plc\n \n(\"KRM22\" or the \"Company\")\n \nKRM22 announces partnership with Vector Risk\n \n- Global Risk Platform adds Vector Risk's award-winning cloud-based risk solution -\n \nKRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces that it has partnered with Vector Risk (\"Vector Risk\") to further enhance KRM22's Global Risk Platform. Through the partnership, KRM22 will distribute and support Vector Risk products as part of the Global Risk Platform.\nThe Vector Risk SaaS solution calculates market and credit risk exposures in real time. Capital markets companies use it as the engine behind credit limit monitoring, collateral stress testing, market value at risk and stress (VAR), and credit valuation adjustment (CVA). Vector Risk was the winner of Microsoft's \"2018 Financial Services Partner of the Year\" award, in recognition of its outstanding solutions based on Microsoft technology, and the Risk.net Asia Risk Award 2018 \"Technology Development of the Year.\"\n \nKeith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 plc commented:\n \n\"Our partnership with Vector Risk is the next step in developing our market risk offering, following the recently announced acquisition of Prime Analytics. Their award-winning solutions expand the opportunities we offer customers to lower their total risk cost through the Global Risk Platform.\"\n \n Justin Taylor, Managing Director of Vector Risk PTY LTD:\n \n\"We see great value in KRM22's differentiated approach to delivering the Global Risk Platform to capital markets companies, and assign great importance to our solutions being part of it. What we provide are an excellent complement to their recently acquired ProOpticus offerings, and will bring significant value to customers seeking to improve the cost, efficiency, and effectiveness of their firm's market risk management.\"\n \nFor further information please contact:\n \nKRM22 plc ...