Path Solutions announces release of iMAL*RiskManagement 2.0,empowering banks to meet the growing needs of Risk Management

January 31, 2012 - Path Solutions, the leader in the provision of software solutions for the financial services industry today announced the latest release of its new-generation Risk Management solution iMAL*RiskManagement (iMAL*RM), that allows financial institutions to rapidly jump-start their risk management initiatives; to go beyond merely computing capital adequacy and to manage prudently all the risks resulting from their business activities.

Path Solutions earlier introduced its off-the-shelf Risk Management solution, iMAL*RM that enabled financial institutions to compute Risk Weighted Assets (RWA) and Capital Adequacy Ratio (CAR) and helped in quick and timely compliance with the Basel II Accord and IFSB Capital Adequacy Standard for Sharia-compliant products and services offered by Islamic financial institutions.

The new release of iMAL*RM will allow financial institutions to embed proactive risk management into their business processes. Path Solutions has enhanced its CAR offering with various features like detailed and analytical reporting with complete dissection of RWA, CAR optimization techniques via efficient distribution of collaterals to exposures, introduction of advanced approaches such as IMA approach with back-testing for market risk, to name a few.

In addition, the new release of iMAL*RM will equip financial institutions with various risk management analyses like CAR simulation, enabling them to assess impact on regulatory capital requirements following simulated changes in existing  positions, as well as introducing new positions; Enhanced credit risk analytics including credit portfolio and vintage analysis; Advanced Market Risk analytics including VaR computation at instrument and portfolio levels, hedge-effectiveness testing, cashflow discounting, yield-curve stress test; New Liquidity Risk module with various analyses like behavioral liquidity, trend analysis, liquidity risk indicators, concentration reports; New Operational Risk Management module with risk register, risk & control self-assessment with detailed KRI/KCI analysis, Incident Management & Data Collection, Business Continuity Program. All the four components namely, Risk Capital Reporting, Credit Risk, Market Risk and Operational Risk; can be deployed independent of each other depending on the requirements of financial institutions.

iMAL*RM continues to be a highly parameterized solution making it adaptable to any jurisdiction specific guidelines and quickest to implement. iMAL*RM maintains tight integration with Path Solutions’ flagship, AAOIFI-certified and multi-award winning iMAL enterprise banking solution for the global financial services industry and can be easily integrated with other third-party solutions. It is also platform-independent, thus financial institutions can leverage their existing investments in hardware and software and reduce the total cost of ownership (TCO).

Using Path Solutions’ iMAL*RM, financial institutions can go beyond minimal compliance requirements as well as rapidly implement best practices in risk management.