3 September 2008

Financial Objects has partnered with Web-based treasury services provider e-portals to deliver real-time exposure and risk alert functionality to banks.

The product optimises the new wave of Microsoft technologies, using Silverlight and Windows Sidebar on Vista, or a proprietary program in XP. It is a perfect solution for today’s busy executives

Hal Hovland, CEO, e-portals The collaboration includes the integration of e-portals’ Exposure Alert real-time exposure tracking product into Financial Objects’ banking solutions. Exposure Alert consolidates the available data within a financial institution and applies external market data to derive key risk and exposure indicators, and enables users to set personal parameters for alerts including gaps, liquidity, FX positions, hedge positions and value at risk. Alerts can also be received via SMS or mobile devices.

“A lack of operational transparency has contributed to many of today’s high profile corporate failings,” said David Carruthers, group technology director at Financial Objects. “The combination of these products means that our clients can be the first to find out about any operational transactions that require attention.”

“The product optimises the new wave of Microsoft technologies; designed to use Silverlight and Windows Sidebar on Vista, or a proprietary program in XP,” said Hal Hovland, CEO at e-portals. “The product displays risks and exposures graphically, and allows drilldown for more detailed information. It is a perfect solution for today’s busy executives.”

The product is available to new and existing Financial Objects clients of ibis, ibis s2, activebank and Treasury via a simple interface to the alerting software.

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