Magazine article American Banker

Software Alliance Corp. Upgrades It System for Risk Management

Magazine article American Banker

Software Alliance Corp. Upgrades It System for Risk Management

Article excerpt

Software Alliance Corp. announced this week that it has released a significantly upgraded version of its risk management software for banks.

The software, called Radar, is a decision support tool that a number of large banks, including Chemical Bank, Credit Suisse, and Great Western Bank, have installed in the asset/liability management areas to better forecast the impact of interest rate swings.

Software Alliance officials said the new version of Radar has been modified to handle a variety of performance measurement activities at banks, including transfer pricing (where interest rate risk can be allocated to specific business lines); business unit and product profitability modeling, strategic planning, derivatives credit exposure analysis, product design, and merger analysis.

"We have been known in the past for an excellent asset/liability software package, [while] all along it had been designed to be much broader," said Alan Tobey, a product manager at Software Alliance. "Now we are delivering those capabilities in the new version."

Berkeley, Calif.-based Software Alliance is not alone in expanding the horizons of asset/liability software.

Competitors Sendero Corp., Scottsdale, Ariz., and Santa Monica, Calif.-based Treasury Services Inc. have also moved into the profitability measurement arena, a discipline that has become a hot topic in banking circles.

But Mr. Tobey said that Radar is unique in that the same data base is used for many different kinds-of risk analysis.

"One of the things Treasury Services does. …

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