Globalization strategies are important, especially for credit risk. The latest trend is to integrate market and credit risk management, asset and liability management, and insurance. To remain efficient, back office activities must keep up with the pace of change, and the attendant complexity it is creating. The best way for them to do this is to become more centralized and more streamlined, with a minimum number of interventions from different people. STP reduces errors and manual interventions.
Decision support needs to be plugged in as well.
Specific functions such as pricing, calculations, of yield curves and volatility curves are available from different third-party vendors. Finance KIT is a multi-instrument solution. You can monitor risk and performance for money market, fixed-income and FX instruments, and equities, in exactly the same way, and within the same application. Finance KIT also handles a large range of derivatives, both vanilla and exotic. You can build hierarchical portfolio structures, and your portfolios can contain any instrument combination you like.