Risk and trade management operations offer many challenges - they take place globally, they have to be processed in real-time and they need to be reliable and respectful of industry regulations. As the IT infrastructure has evolved through time, significant challenges have started to appear that have left financial institutions with a sense that they had lost control over their application access.
"Having Kondor+ hosted in a central location and accessed via Exceed onDemand is a great example of the growing trend towards cloud-based computing. It also provides resilience and disaster recovery capabilities for both major and trivial incidences." Matt Gaywood, global head of professional services at Misys.
This paper explores how the partnership of Misys and OpenText delivers the ideal combination of cost, performance and resilience for managed application access to support financial institutions' strategic goals of cost reduction, trading efficiency and regulatory compliance.
As Robert Wong, Senior Product Manager of Exceed onDemand at OpenText explained, risk management is no longer thought of as a separate activity or department. "Banks need systems that accelerate and automate reporting, deliver a holistic view of risk across the business, and are flexible enough to manage local regulatory requirements to reduce the cost of compliance."