GoldenSource, a provider of data management solutions for risk mitigation, has launched RiskHub, a suite of products to help risk professionals implement highly automated, timely and cost effective risk management strategies. With firms pushed to increase transparency of their risk and data governance and meet more stringent regulatory requirements, GoldenSource RiskHub provides a flexible and highly controllable framework for linking risk applications and the internal and external systems that supply them with data.
“New regulatory directives such as Basel III and Solvency II increase the demands on current risk and data management practices, and firms can no longer afford to have an incomplete picture of risk across business lines,” said Mike Meriton, chief executive officer (CEO) of GoldenSource. “Companies must look at the foundation of their risk governance and integrate all risk-relevant data to stand up to a higher level of scrutiny, achieving the transparency into positions and transactions, customers and counterparties that investors and regulators demand.”
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