21-Sep-11, UnRisk took UnRisk FACTORY 3 to financial institutions for enterprise-wide in-time risk management strategies.

In May-08 UnRisk has released UnRisk FACTORY. Now, UnRisk FACTORY 3 is the 7th release of the fast-paced, accurate and robust risk analytics platform. After the recent release of the UnRisk 5, FACTORY 3 incorporates all its new deal types and features, about 60 new function have been added, and the VaR Universe has been vastly enhanced. The VaR Universe is integral part of the UnRisk FACTORY Capital Manager, now also at version 3.

An Automated but Flexible Factory by a Made to Measure approach

UnRisk FACTORY enables its customers to focus on in-time decision support to manage risk from the single deal type to the most comprehensive portfolio. For institution-wide pricing and analytics policies and to avoid method and front-to-back cross-model risk, it accesses valuation servers that work uncompromisingly accurate, independent of the workload. 

With clever High Performance Computing techniques UnRisk FACTORY enables the valuation of portfolios across comprehensive scenarios in record time. To access UnRisk FACTORY users need a web browser only.

Its design and structure is built in a way that makes it easy to customize it and develop new features in unprecedented short time. Each individual version stays fully compatible with future releases.

The new Solution Driver - UnRisk FACTORY Capital Manager

Capital managers were UnRisk FACTORY customers from the first hour, to managing investment-related risk with portfolio constructions of traditional, but also the most sophisticated deal types. We have introduced UnRisk FACTORY Capital Manager to be used for both advanced investment functions an risk management processes. Capital managers enjoy faster time-to-insight, integrated valuation and data management for unlimited revision, easy to use access over the web, lower total cost of ownership based on its special pricing, licensing for powerful but minimalist infrastructure..

In addition to the full update to new UnRisk 5 deal types, models and utilities, UnRisk FACTORY Capital Manager introduces more automated tasks, including the calculation of VaR cubes and built-in tests, like stress and back-tests, benchmark comparison and so on.

"Quants drive UnRisk-Q developments and consequently our pricing and calibration engines by think-it-build-it needs. Capital managers will drive the UnRisk FACTORY Capital Manager roadmap by requesting a big-system-for-the-small, doing a lot more analysis driven by external regulation and internal risk controlling ", summarizes Andreas Binder, CEO, "Luckily UnRisk was designed as development environment and solution in one form the beginning", he adds.