KRM22 announces partnership with Vector Risk

RNS Number : 4146G

KRM22 PLC

06 November 2018

 

KRM22 plc

("KRM22" or the "Company")

KRM22 announces partnership with Vector Risk

- Global Risk Platform adds Vector Risk's award-winning cloud-based risk solution -

KRM22 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.

The 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."

Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 plc commented:

"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."

 Justin Taylor, Managing Director of Vector Risk PTY LTD:

"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."

For further information please contact:

KRM22 plc                                                                                                                               via FTI Consulting LLP

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                        [phone]

Carl Holmes / Kate Bannatyne

FTI Consulting LLP                                                                                                                  [phone]

Matt Dixon / Jamille Smith / Debbie Oluwaseyi Sonaike

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About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management - a fundamental challenge that erodes their profitability and constrains opportunities to generate alpha.

Through the KRM22 Global Risk Platform, KRM22 offers a modular application portfolio addressing risk management challenges across risk domains, covering market, regulatory, technology and operations risk, and across these domains as enterprise risk to assess, monitor and manage the increasing correlation between them.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes to improve profitability and expand opportunities to increase portfolio returns by successfully leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

About Vector Risk PTY LTD Technologies

Vector Risk is an Australian company with customers in Australia, New Zealand, Singapore and the United States that provides cloud based risk software solutions to banks, hedge funds, government and corporate treasuries. Our risk system calculates market and credit risk exposures in real-time. Our clients have implemented the system as the engine behind credit limit monitoring, collateral stress testing, market VAR and stress, and CVA.   For more information please visit vectorrisk.com

 

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