Product History

  • Foundation of Eurorisk Systems Ltd.

    First, our focus was on the development of systems and software for parallel computing, based on transputers. Later, the scope of our business area extended to computer systems and software products for the Finance industry.

  • First financial library in C++

    Represents the basis for the development of the Portfolio & Risk Management System (PMS), broadly implemented in Germany.

  • Risk Explorer development

    A system for financial risk analysis for Windows; no longer supported

  • Java Applets development

    Development of the molatility engine, market and credit risk, bond calculator, FRA calculation and hedging.

  • Risk Evaluator development

    A system for market and credit risk evaluation, which includes Monte Carlo simulation, according to RiskMetrics; its functionality is now integrated into the RFW, RE and PMS modules.

  • Liability Management Tool (LMT) development

    Based on Excel, Visual Basic and Add-In; no longer supported.

  • Market Risk, Monte Carlo simulation and Credit Risk engines development

    As COM Automation server (OLB modules) for WinNT; Can work standalone or as integrated modules in the PMS.

  • Development of extended modules in the PMS system

    Integration of the Monte Carlo simulation for market risk according to RiskMetrics.

  • Development and integration of new modules into the PMS system
  • Liquidity Manager
    (Cash Flow at Risk) development

    Evaluation and management of liquidity plans and liquidity risks, based on 2D Monte Carlo simulation, according to Long Runs and Corporate Metrics.

  • Rule-based rating tool box development

    Models for private and corporate rating and balance sheet management; its functionality is now integrated into the RFW, RE and PMS modules.

  • Rule-based operational risk explorer development

    Models for Basel II operational risk basic indicator approach, standard approach, advanced measurement approach, loss data base and self-assessment; its functionality is now integrated into RFW, RE and PMS modules.

  • Research Project FP6-2002-SME-1

    Eurorisk Systems Ltd. took an active part in the research project called Interoperable Process Management, in the 1st Call of the 6th Framework Programme of EU, which was a cooperation project between France, Germany, UK, Austria and Bulgaria.

  • Development and integration of an international CRM system (KoKu and KoLi projects)

    The system is designed to manage concern customers and limits. It was initially based on Sun-Solaris 10, Tomcat, Oracle 9i, Java 1.5, later on migrated to RedHat Enterprise Linux, WildFly, Oracle 12c, Java 10 and CLIPS rule-based engine and manages more than 8 million customers of 48 internationally distributed banks, using WEB and WEB services (SOAP/WSDL).

  • Risk Framework (RFW) development

    A rule-based software system for simulation and analysis in the Finance industry. It has more than 120 models for ALM, Risk and Rating, Basel III, Solvency II, Limit and Compliance system, Monte Carlo Simulation, etc.

  • Risk Engine (RE) development

    A risk management system for financial instruments, portfolios and free modelling of exotic instruments by a rule-based instrument.

  • Java library development and integration

    A Java library for analysis of time series using neuronal networks. It includes clustering, non-normal distributions, multi-factor models, time series prediction, implied rating, and time series correction. Can work in the cloud.

  • Development of advanced features in RFW and RE

    Integration of Markowitz optimisation, back testing, transactions, QlikView, OLAP reporter, WEB interface in RFW, WEB Server installations, parallel calculation and simulation using processor cores, WEB Service interface (SOAP/WSDL), 64-bit versions, etc.

  • Solvency II insurance instruments development
  • Development of modules for Regulatory Requirements

    Basel III Framework: credit risk (SA), liquidity risk (LCR, NSFR), market risk, operational risk.
    PRIP-KIDs, IFRS 9 (incl. balance accounting and hedge accounting), Solvency II, EMIR, MIFID.

  • Swiss Solvency Test (SST)- development and integration in RE
  • Bio-Phantom Explorer Development