RiskTech, a Hexaware subsidiary and a provider of Enterprise Risk Management and Risk Technology services, recently announced a number of key achievements.

RiskTech has won three new consulting and implementation contracts in the U.S. in areas of credit and operational risk. RiskTech is working with two of the top 10 U.S. banks. The first project is in the area of credit risk for Allowance for Loan and Lease Losses (ALLL) and counterparty credit risk. The second project is in the area of Basel II compliance.

RiskTech has also been selected by one of the large U.S. regional banks for an operational risk benchmarking exercise. “Given the current situation in the financial services industry, financial institutions are seeking focused expertise in risk management with an emphasis on methodology and IT solutions,” said Sanjay Gupta, Head of RiskTech – North America. “RiskTech’s expertise to move clients from theoretical frameworks to full system implementation is a key differentiator in the U.S. market.”   

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.

SOURCE: RiskTech Announces a Number of Key Achievements