Incisive Media cites OpenLink’s success in helping banks effectively manage risk and regulatory challenges in inaugural award
New York, NY - January 13, 2014 – OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, has won the Central Banking Risk Management Technology Provider of the Year for 2014 as part of Incisive Media’s inaugural Central Banks awards program. The award underscores OpenLink’s market-leading position as a risk technology provider to the global central banking community. Incisive Media’s Risk Management and Alternative Investments division, which includes Risk magazine, created the awards program to recognize outstanding performance among global providers and other market participants serving central banks.
Ongoing market structure events such as the European debt crisis have created new challenges in the central banking community. Coinciding with the multiple steps to stem the debt crisis, central banks have had to break with tradition and intervene in troubled markets to buy assets. This has led to more complex products, including placing highly structured loans and asset- and mortgage-backed securities on their books.
The core of OpenLink’s offerings for this market is Findur, a leading trading, risk management and back-office processing platform, which has been adopted by key members of the central banking community.
“OpenLink has been working with central banks for more than 15 years, and today there are 12 central banks around the world using our industry-leading trade processing and risk management solutions,” said John D’Aleo, Managing Director, Americas, OpenLink’s Financial Services Division. “Our solutions help financial institutions better manage market challenges they face today, which include handling a much wider array of products in their portfolios and requiring far more advanced market and credit risk management strategies. In addition, OpenLink’s world class workflow tools, security features and complete auditing capabilities make us a perfect match for these incredibly important and influential institutions.”
WATCH: New video on risks and challenges faced by central banks today featuring OpenLink and Nat Knight, Publishing Director, Central Banking, Incisive Media.
Central Banking Publications has launched its inaugural awards program for central bankers and their community of market stakeholders. The 2014 awards will recognize outstanding performance in central banking by central bankers and market practitioners. Drawing on almost 25 years of independent and informed reporting, analysis and comment, the Central Banking Awards were judged by a panel made up of the Central Banking Editorial Team and Editorial Advisory Board.