UnRisk took UnRisk FACTORY 1.3 to financial institutions to quickly analyse risk and get in-time decision support and full information persistance.

In May-08 UnRisk has released UnRisk FACTORY. Now, UnRisk FACTORY 1.3 is the 4th release of the fast-paced and accurate risk analytics platform.

Number-Crunch in London - Valuate in Singapore - Backtest in NY

Since the beginning of the crisis weaknesses in risk management have been exposed, but also familiar models and valuation techniques became unmasked as unreliable. Risk departments might also have resigned in searching HPC platforms providing real-time analytics. The problem is getting worse, as in critical times the focus is often laid on work-flow management rather than on in-time decision support for managing the core business and risk. UnRisk FACTORY 1.3 has been passionately developed for risk-analytics in real-time. With grid utilization, principal component treatment and GPU co-processing it enables the valuation of portfolios across comprehensive scenarios in record time.

Customers enjoy the following benefits from using UnRisk FACTORY:

• Faster Time-to-Insight – thousands of positions across scenarios are valuated in short time
• High Accuracy – computational speed allows for uncompromised model precision
• Complete Evidence – all valuations are made persistent for re- and co-valuation
• Wide Access – via an easy to use web front-end
• Low Total Cost of Ownership – high throughput on MS HPC platforms

UnRisk FACTORY operates on multi-core machines, clusters and grid-pools.

Licensing for Customers and Partners

Close to 100 financial institutions use UnRisk. But UnRisk FACTORY is also a money-saver for development partners. They range from front-toback office system makers to solution integrators. UnRisk FACTORY 1.3 integrates the grid-enabled UnRisk PRICING ENGINE 3.1, short gridUnRisk. GridUnRisk is separately licensed to quantitative finance system developers. It is integrated into Mathematica and takes full advantage of the built-in parallel computing and programming benefits of Mathematica 7.