FINCAD's innovative product development gains further recognition
Vancouver, Dublin — March 16, 2012
FINCAD, the market leader for innovative OTC derivatives solutions, announced today that it has won the 2012 FTF News Technology Innovation Awards for Best Operational Risk Management Initiative.
The FTF News Technology Innovation Awards are based on a survey aimed at identifying advancements in financial technology and services. FINCAD was awarded the top spot in the risk management category, as the provider that has shown the most creativity in mitigating operational risk.
"Being recognized for our innovative approach to mitigating operational risk by market participants is a great honour that validates the effort and focus of our latest product, Hedge Accounting Insight," said Bob Park, President and CEO, FINCAD. "Our focus with Hedge Accounting Insight is on reducing the complexity around the Hedge Accounting process and helping treasury professionals manage operational risk."
The full results of the survey are available on FTFnews.com.
Earlier this month FINCAD also earned fourth place in the Energy Risk Software Rankings for Best Product Coverage and first place for Rates in the Pricing and Analytics category of the Structured Products Technology Rankings.
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada.