Press Releases
FINCAD Further Expands Its Footprint in South Africa
Digiata partners with FINCAD to address the need for accurate derivatives valuation and risk measurement for financial service providers
Vancouver, February 16, 2009
FINCAD, a leading global provider of financial analytics and Digiata, a premier South African business process automation provider, today announced that Digiata has joined the FINCAD Alliance Program. Through this agreement, Digiata will leverage FINCAD's industry standard financial derivative analytics with its Valuations Dashboard to provide its clients with the ability to effectively and transparently value derivatives in a high volume Straight Through Processing (STP) environment.
With access to FINCAD's cross-asset class derivatives pricing and risk analytics software, Digiata clients such as RMB Asset Management, a diversified financial services provider, are able to meet the heightened demand for independent pricing and valuation of derivatives in today's volatile market.
"Membership in FINCAD's Alliance Program will help us provide our customers the ability to value their financial derivative instruments with FINCAD's comprehensive and industry standard pricing library," said Rob Scriven, Director, Digiata. "As one of the most extensively documented financial analytics solutions, FINCAD analytics offer complete transparency, enabling our clients to verify every part of their valuation and risk calculations."
"Digiata recognizes the unprecedented demand from Investment Managers and Banks for better risk management through more transparent valuation and pricing methods," said Amar Budhiraja, Director, FINCAD Alliance Program. "We're pleased to further expand the FINCAD Alliance Program to South Africa and help Digiata offer its customers accurate, independent pricing and valuation of derivatives."
About FINCAD
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.
About Digiata
Established in 2001, Digiata specializes in software development and business process automation services. Digiata operates mainly in the financial services industry across areas such as investment management, retail investment, custody, employee benefits, and insurance. Additional information is available at www.digiata.com.
Media Contact:
Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
