aktuelles - SynoFin Risikomanagement Service AG

With a significant increase in one of our clients, we can now count the five largest fund companies in Liechtenstein among our clients.

A major risk service provider has decided to use SynoFin's RiskMan for calculating risk and performance indicators in the future. We are delighted about this strategic partnership.

At the well-attended event, our RiskMan module Corporate Risk was intensively discussed and also confirmed in a peer-group comparison. In addition, we also received valuable suggestions for further development possibilities.

SynoFin was able to participate in one of the three workshops at the IBC Tower in Frankfurt. The presentation of SynoFin's solutions, services and concepts led to a lively discussion with the numerous customers, partners and interested parties in attendance.

A fund boutique based in Switzerland has decided to use the RiskMan market risk and corporate risk modules. We are pleased to add this new client to our broad customer base of asset managers, wealth managers, fiduciaries, fund companies and banks in our target markets of Liechtenstein, Switzerland, Luxembourg, Germany and Austria.

The independent auditor's report confirms that RiskMan calculations (this time including ESG value-at-risk calculations, performance module metrics, and ESG&SFDR module metrics) as well as key controls in the development-, operations- and service-processes were appropriate and accurate.

The going live of the first tranche with the RiskMan modules Market-, Credit- and Liquidity-Risk is planned in about 6 months. Through the integration into the UI-Labs platform, PRIIP KID can be implemented on time in addition to the regulatory requirements in risk management.

From now on attractive office and meeting rooms are available to our customers and visitors near the main train station in Zurich at Nordstrasse 9. We can now also offer our IT service in Switzerland via our IT provider speedcom. Please feel free to inquire by phone +41 43 233 9915 or by email office@synofin.ch

By integrating the previous Excel tool into the RiskMan product family, numerous suggestions from existing customers as well as additional regulatory requirements could be implemented.

Interview Stock Exchange Frankfurt: Matthias Biedenkapp and Günter Unterleitner in conversation with Manuel Koch from Inside Wirtschaft.

This time audit focus was directed to bond modeling. The extremely positive result of the independent auditor shows that calculation results and bond models were determined using recognized methods, all regulatory requirements were met, and the standard risk report is fully compliant. Controls over our development, service and operational processes were also reconfirmed as consistently and appropriately effective.

In an intensive and efficient onboarding process, a further fund company was successfully activated with RiskMan on a Saas basis.

Together with our cooperation partner UI-Labs, the connection to the data warehouse and the activation of the RiskMan Basis module with the determination of key risk figures in the areas of market, credit and liquidity risk, stress tests, backtesting and risk reporting were successfully implemented.

Based on recommendations from CFI members, the independent jury of experts has decided to nominate SynoFin as the best risk provider for the Financial Award 2020. We are pleased about this confirmation of our successful course.

The audit by an independent auditor showed that during the entire audit period all AIFMG- and/or UCITSG-relevant calculation results in our RiskMan software were determined using recognized procedures and all regulatory requirements  met controls over our development-, service- and operating-processes.

In an intensive discussion, the development, status and outlook of risk management in the light of crisis situations were discussed.

LABS has been a proven and valued IT service provider for over nine years and focuses on data management, regulatory reporting and outsourcing services in asset management in German-speaking countries.

In addition to the front office solution with SimCorp Dimension, the range also includes various reporting services. The core of the offer is a data warehouse (labs DWH) - here the data is quality-assured and normalized from various sources in order to be available for various applications.

SynoFin's risk management offers a logical complement to this. In this unique combination, customers can now take advantage of a modular front to back service without having to worry about complex integration or having different contact persons. Onboarding is considerably simplified, which of course also has a cost-effective effect on the operation of the combined solution.

As if that weren't enough, the results are not only visualized in state-of-the-art dashboard technology, but are also available in an innovative solution as SynoFin RiskMan 3D, i.e. a real "visual portfolio" or as 3D video reporting - these two components were developed and driven by our partner Visual-qi, the specialist in augmented reality for the visualization of data from the investment and financial sector. Thus one of our goals is achieved - to make complex multidimensional facts easier and more intuitive to understand.

In RiskMan, the basic module was expanded to more than 100 individual stress scenarios, which can be calculated according to the stress test groups bond PV, equities, interest rates, interest spreads, volatility and exchange rates.

Further derivative financial instrument types have been included in the risk calculation and the clean backtesting functionality has been extended.

The SCR module now makes it possible to calculate the interest rate risk, equity risk, real estate risk, spread risk, exchange rate risk and concentration risk categories combined under Solvency II Market Risk.

A trend-setting new standard report was developed and implemented, as was a completely new dashboard based on key figures.

The RiskMan opRisk tool was expanded to include the corresponding risk categories in the light of DSGVO and MiFID II.

The RiskMan BilanzCockpit is now stable and high-performance in use and enables key figure-controlled simulation and control of balance sheet risks.