|By PR Newswire||
|August 7, 2014 12:00 PM EDT||
SHANGHAI and ARMONK, N.Y., Aug. 7, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that Shanghai Wind Information (Wind Info) has selected IBM to help provide its users in China with new cloud-based analytics tools to better manage financial risks and meet regulatory requirements.
This partnership builds on IBM's expertise working with global financial institutions to help address challenging regulatory requirements in risk.
Wind Info, a leading service provider of financial data, research, information and software, serves more than 90 percent of the financial enterprises in the Chinese market, including securities, fund management firms, insurance companies, banks and investment firms. As the leading provider of trading terminals in China, its technology is present in virtually every bank and asset manager in the country.
Chinese regulatory authorities are now requiring more sophistication in risk monitoring and reporting to ensure stability and protect the Chinese financial system in an increasingly complex environment. To meet these evolving regulations, Wind Info needs advanced risk management capabilities for its Wind Terminal systems, which are used by traders to buy and sell stocks, bonds and other financial products.
Wind Info will incorporate IBM's cloud-based risk management software, IBM Algo Risk Service on Cloud, and the locally installed IBM Algo One Risk Aggregator directly into its Trading Terminals, creating a hybrid solution that will conduct sophisticated risk data processing in the cloud while keeping all client position data protected and confidential within the boundaries of China, an important requirement of Chinese law. The new solution is expected to be available later this year.
"As Chinese financial markets continue to grow not only in size but also complexity, investors from all around the world are looking to invest in this region, and we want to provide them with tools of the highest caliber to enable them to fulfill regulatory requirements and to help maximize returns," said Jin Jian, Vice President, Shanghai Wind Information. "Working with IBM, Wind Info is excited to bring new innovative services to our clients and help pave the way for financial trading success in China."
"With its extensive Chinese-specific market data and IBM's risk solutions and expertise, Wind Info is in the unique position to deliver a risk service focused on the specific characteristics of the financial markets in China," said Dr. Andrew Aziz, Director of Risk Analytics, IBM. "We're pleased to be teaming with Wind Info to help their clients optimize their trading decisions."
Integrating IBM risk analytics software into Wind Terminals in China will provide a fully customizable, integrated risk framework for advanced portfolio and risk analytics that is first-of-a-kind in China, helping clients confidently address regulatory requirements, improve investor confidence, formulate investment decisions and overall, help make financial markets safer. Together, IBM and Wind Info will help provide their clients with world-class financial risk management capabilities to meet the demands of an increasingly complex business environment.
About Shanghai Wind Information Co., Ltd.
Shanghai Wind Information Co., Ltd (Wind Info), headquartered in Lujiazui Financial Center in Shanghai, is a leading integrated service provider of financial data, information and software. Wind Info serves more than 90% of the financial enterprises in the Chinese market, including securities firms, fund management firms, insurance companies, banks, and investment firms. Overseas, Wind Info serves 75% of the Qualified Foreign Institutional Investors (QFII). Additionally, most renowned financial research institutions and regulatory committees are on Wind Info's client list. The company's data are frequently quoted by Chinese and English media, in research reports, and in academic theses
For more information visit: http://www.wind.com.cn/En/
About IBM Risk Analytics
IBM has established the world's deepest portfolio of risk management solutions and software, combining the strengths of IBM's data management solutions, Algorithmics' track record of thought leadership in risk, unparalleled risk analytics and decision support applications, and OpenPages' comprehensive governance, risk and compliance solution. IBM holds 6,000 risk and security patents, employs more than 1,500 dedicated risk professionals and over 6,000 IBM researchers, developers and subject matter experts all focused on security.
For more information visit: http://ibm.com/smarterrisk
About IBM Big Data and Analytics
IBM has established the world's deepest portfolio of Big Data and Analytics technology that spans research and development, solutions and software. IBM has invested $24 billion to build its capabilities in Big Data and Analytics through R&D and more than 30 acquisitions. Today, more than 15,000 analytics consultants, 6,000 industry solution business partners, and 400 IBM mathematicians are helping clients use big data to transform their organizations.
For more information about IBM Big Data and Analytics, please visit http://www.ibm.com/big-data/us/en/big-data-and-analytics/
For more information about IBM Risk Analytics, please visit: http://www-03.ibm.com/software/products/en/category/risk-analytics
External Relations, IBM Software Group
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